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

Shares of Sprinklr, Inc. (NYSE:CXM) have been given an average rating of “Hold” by the thirteen analysts that are covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.80.

Several research firms have recently weighed in on CXM. Morgan Stanley lowered their price objective on Sprinklr from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Wells Fargo & Company decreased their target price on Sprinklr from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. Barclays decreased their target price on Sprinklr from $17.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. KeyCorp initiated coverage on Sprinklr in a research report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 target price for the company. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a research report on Thursday, March 28th.

Insider Transactions at Sprinklr

In other news, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $11.66, for a total value of $610,995.66. Following the transaction, the chief marketing officer now owns 491,862 shares in the company, valued at approximately $5,735,110.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 53,831 shares of company stock worth $628,184 in the last 90 days. Insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Institutional investors have recently bought and sold shares of the company. Mather Group LLC. purchased a new position in Sprinklr in the first quarter valued at approximately $28,000. Quest Partners LLC purchased a new position in Sprinklr in the fourth quarter valued at approximately $115,000. D.A. Davidson & CO. purchased a new position in Sprinklr in the fourth quarter valued at approximately $161,000. Susquehanna Fundamental Investments LLC purchased a new position in Sprinklr in the first quarter valued at approximately $166,000. Finally, Victory Capital Management Inc. lifted its stake in Sprinklr by 31.4% in the fourth quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after purchasing an additional 3,322 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Trading Down 5.5 %

Shares of CXM opened at $9.44 on Friday. The company has a market capitalization of $2.50 billion, a PE ratio of 44.95, a PEG ratio of 1.70 and a beta of 0.79. Sprinklr has a 12 month low of $8.33 and a 12 month high of $17.14. The stock’s 50-day moving average price is $10.68 and its two-hundred day moving average price is $11.83.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, June 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $195.96 million for the quarter, compared to the consensus estimate of $194.54 million. Sprinklr had a return on equity of 9.26% and a net margin of 7.85%. Equities research analysts predict that Sprinklr will post 0.19 EPS for the current fiscal year.

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.