Sprinklr, Inc. (NYSE:CXM) Given Average Rating of “Hold” by Analysts

Sprinklr, Inc. (NYSE:CXM) has received a consensus recommendation of “Hold” from the thirteen research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $9.80.

Several equities research analysts recently issued reports on the company. KeyCorp reduced their price objective on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Barclays cut shares of Sprinklr from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $10.00 to $7.00 in a report on Monday, October 7th. Rosenblatt Securities cut their target price on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Citigroup decreased their target price on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, DA Davidson dropped their price target on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th.

Sprinklr Price Performance

Shares of CXM opened at $8.07 on Thursday. The firm’s 50 day moving average is $7.51 and its 200-day moving average is $9.15. The stock has a market capitalization of $2.05 billion, a P/E ratio of 44.84, a P/E/G ratio of 2.45 and a beta of 0.76. Sprinklr has a 12-month low of $6.91 and a 12-month high of $17.14.

Sprinklr (NYSE:CXM) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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. As a group, equities research analysts forecast that Sprinklr will post 0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Roger H. Lee sold 44,884 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $7.83, for a total value of $351,441.72. Following the completion of the sale, the insider now directly owns 739,799 shares in the company, valued at approximately $5,792,626.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Diane Adams sold 12,915 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total value of $101,124.45. Following the transaction, the insider now directly owns 376,942 shares in the company, valued at approximately $2,951,455.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Roger H. Lee sold 44,884 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $7.83, for a total transaction of $351,441.72. Following the completion of the transaction, the insider now owns 739,799 shares in the company, valued at $5,792,626.17. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock valued at $2,545,967 over the last 90 days. 30.12% of the stock is currently owned by company insiders.

Institutional Trading of Sprinklr

Several hedge funds and other institutional investors have recently bought and sold shares of CXM. Vanguard Group Inc. grew its position in Sprinklr by 30.6% in the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after purchasing an additional 3,575,001 shares during the last quarter. Federated Hermes Inc. grew its position in Sprinklr by 107,818.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after purchasing an additional 1,694,900 shares during the last quarter. Solel Partners LP grew its position in Sprinklr by 46.8% in the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after purchasing an additional 1,176,726 shares during the last quarter. Letko Brosseau & Associates Inc. grew its position in Sprinklr by 63.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after purchasing an additional 827,375 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Sprinklr by 33.0% in the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock worth $7,664,000 after purchasing an additional 246,095 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Company Profile

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.