Sprinklr’s (CXM) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Sprinklr (NYSE:CXM) in a report released on Thursday morning,Benzinga reports. They currently have a $10.50 price objective on the stock.

CXM has been the subject of a number of other research reports. Morgan Stanley lowered their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research note on Thursday, September 5th. KeyCorp decreased their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Barclays downgraded shares of Sprinklr from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $10.00 to $7.00 in a research report on Monday, October 7th. Finally, DA Davidson lowered their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.05.

Sprinklr Trading Up 1.4 %

Shares of NYSE:CXM opened at $8.79 on Thursday. Sprinklr has a 12 month low of $6.91 and a 12 month high of $14.31. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 54.97, a PEG ratio of 2.58 and a beta of 0.81. The firm’s 50-day moving average is $7.67 and its 200 day moving average is $8.68.

Sprinklr (NYSE:CXM) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. Sprinklr had a return on equity of 7.54% and a net margin of 5.59%. As a group, equities analysts forecast that Sprinklr will post 0.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the firm’s stock in a transaction that occurred 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 approximately $3,794,068.63. This trade represents a 30.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Diane Adams sold 12,915 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the sale, the insider now directly owns 376,942 shares in the company, valued at $2,951,455.86. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock worth $2,545,967 in the last 90 days. Insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Several institutional investors and hedge funds have recently modified their holdings of the stock. 272 Capital LP grew its holdings in Sprinklr by 26.5% during the third quarter. 272 Capital LP now owns 309,248 shares of the company’s stock worth $2,390,000 after acquiring an additional 64,748 shares during the period. Geode Capital Management LLC lifted its stake in shares of Sprinklr by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after purchasing an additional 295,638 shares during the period. Barclays PLC lifted its stake in shares of Sprinklr by 283.7% in the 3rd quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after purchasing an additional 179,661 shares during the period. Weiss Asset Management LP purchased a new stake in Sprinklr during the third quarter worth $806,000. Finally, State Street Corp grew its position in Sprinklr by 7.2% during the third quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after buying an additional 322,318 shares during the period. Institutional investors and hedge funds own 40.19% of the company’s stock.

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.