Sprinklr (NYSE:CXM) Upgraded by Scotiabank to Hold Rating

Sprinklr (NYSE:CXM) was upgraded by stock analysts at Scotiabank to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts have also weighed in on CXM. Cantor Fitzgerald lowered their target price on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Barclays downgraded Sprinklr from an “overweight” rating to an “underweight” rating and lowered their price objective for the stock from $10.00 to $7.00 in a research note on Monday, October 7th. KeyCorp cut their target price on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. DA Davidson lowered their price target on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Wells Fargo & Company downgraded shares of Sprinklr from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $6.00 in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.61.

Sprinklr Stock Performance

CXM stock opened at $7.79 on Monday. The stock’s 50 day simple moving average is $7.51 and its 200 day simple moving average is $9.01. The company has a market cap of $1.97 billion, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76. Sprinklr has a fifty-two week low of $6.91 and a fifty-two week high of $17.14.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The company had revenue of $197.21 million for the quarter, compared to analysts’ expectations of $194.58 million. Equities analysts predict that Sprinklr will post 0.11 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Roger H. Lee sold 225,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the sale, the insider now directly owns 514,799 shares in the company, valued at approximately $3,794,068.63. The trade was a 30.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Diane Adams sold 4,282 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $33,528.06. Following the transaction, the insider now owns 390,940 shares of the company’s stock, valued at $3,061,060.20. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 338,480 shares of company stock valued at $2,545,967. Company insiders own 30.12% of the company’s stock.

Institutional Trading of Sprinklr

A number of institutional investors have recently added to or reduced their stakes in CXM. SG Americas Securities LLC purchased a new stake in shares of Sprinklr in the second quarter worth about $553,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Sprinklr during the 1st quarter valued at $494,000. Vanguard Group Inc. increased its holdings in shares of Sprinklr by 30.6% in the first 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 period. Bayesian Capital Management LP purchased a new stake in shares of Sprinklr in the first quarter worth $1,012,000. Finally, Horrell Capital Management Inc. raised its position in shares of Sprinklr by 31.7% in the third quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock worth $5,295,000 after buying an additional 165,000 shares in the last quarter. Hedge funds and other institutional investors 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.