Sprinklr, Inc. (NYSE:CXM) Receives Consensus Recommendation of “Hold” from Analysts

Sprinklr, Inc. (NYSE:CXM) has received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $10.00.

Several equities analysts have recently issued reports on CXM shares. Barclays lowered Sprinklr from an “overweight” rating to an “underweight” rating and decreased their target price for the stock from $10.00 to $7.00 in a research report on Monday, October 7th. Wells Fargo & Company reduced their target price on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. JMP Securities reiterated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a report on Thursday, September 5th. Morgan Stanley dropped their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Finally, DA Davidson reduced their price target on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 5th.

Insiders Place Their Bets

In other news, CMO Arun Pattabhiraman sold 10,291 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the completion of the transaction, the chief marketing officer now owns 448,947 shares in the company, valued at $3,515,255.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CMO Arun Pattabhiraman sold 10,291 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $80,578.53. Following the sale, the chief marketing officer now owns 448,947 shares in the company, valued at $3,515,255.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Roger H. Lee sold 225,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now directly owns 514,799 shares of the company’s stock, valued at $3,794,068.63. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 338,480 shares of company stock valued at $2,545,967 in the last three months. 30.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds and other institutional investors have recently bought and sold shares of CXM. CWM LLC lifted its holdings in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares during the period. Everence Capital Management Inc. acquired a new position in Sprinklr in the 3rd quarter valued at about $105,000. Susquehanna Fundamental Investments LLC bought a new position in Sprinklr in the 1st quarter valued at about $166,000. Finally, Simplicity Wealth LLC acquired a new stake in Sprinklr during the second quarter worth approximately $148,000. Institutional investors own 40.19% of the company’s stock.

Sprinklr Trading Up 6.6 %

Sprinklr stock opened at $7.61 on Thursday. Sprinklr has a 1 year low of $6.91 and a 1 year high of $17.14. The company’s 50-day moving average is $7.61 and its two-hundred day moving average is $9.29. The company has a market cap of $1.93 billion, a PE ratio of 42.28, a PEG ratio of 2.25 and a beta of 0.76.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The business had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. Research analysts forecast that Sprinklr will post 0.11 EPS for the current year.

About Sprinklr

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.