Sprinklr, Inc. (NYSE:CXM) Receives Average Rating of “Hold” from Brokerages

Sprinklr, Inc. (NYSE:CXM) has been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $10.00.

A number of brokerages have weighed in on CXM. DA Davidson lowered their price objective on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. KeyCorp dropped their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald cut their price target 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. Morgan Stanley decreased their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Finally, Barclays lowered shares of Sprinklr from an “overweight” rating to an “underweight” rating and cut their target price for the company from $10.00 to $7.00 in a research note on Monday, October 7th.

Sprinklr Trading Down 0.9 %

Shares of CXM stock opened at $7.23 on Friday. The firm has a fifty day simple moving average of $8.03 and a 200-day simple moving average of $9.73. The company has a market capitalization of $1.92 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76. Sprinklr has a twelve month low of $6.91 and a twelve month high of $17.14.

Sprinklr (NYSE:CXM) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share 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 net margin of 6.54% and a return on equity of 8.40%. Equities research analysts predict that Sprinklr will post 0.11 EPS for the current year.

Insider Buying and Selling

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Ragy Thomas sold 12,902 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $101,022.66. Following the completion of the transaction, the chief executive officer now owns 1,051,182 shares in the company, valued at approximately $8,230,755.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction dated 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 sale, the insider now owns 514,799 shares in the company, valued at approximately $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 a total of 338,220 shares of company stock worth $2,548,988 over the last quarter. 30.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mather Group LLC. acquired a new position in shares of Sprinklr during the first quarter worth approximately $28,000. CWM LLC boosted its position in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after acquiring an additional 1,904 shares during the period. CIBC Asset Management Inc grew its stake in shares of Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after purchasing an additional 1,694 shares in the last quarter. Simplicity Wealth LLC acquired a new position in shares of Sprinklr during the second quarter valued at $148,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Sprinklr during the first quarter valued at $166,000. 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.