Sprinklr, Inc. (NYSE:CXM) Receives $10.00 Consensus Price Target from Brokerages

Shares of Sprinklr, Inc. (NYSE:CXM) have received a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $10.00.

Several equities research analysts recently commented on CXM shares. Barclays lowered shares of Sprinklr from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $10.00 to $7.00 in a research report on Monday, October 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Thursday, September 5th. DA Davidson dropped their price objective 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. Cantor Fitzgerald reduced their target price on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Morgan Stanley lowered their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th.

Sprinklr Price Performance

CXM opened at $7.23 on Friday. The business has a 50 day simple moving average of $8.03 and a 200-day simple moving average of $9.73. Sprinklr has a 12 month low of $6.91 and a 12 month high of $17.14. The stock has a market capitalization of $1.92 billion, a P/E ratio of 34.40, a P/E/G ratio of 2.10 and a beta of 0.76.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $197.21 million during the quarter, compared to the consensus estimate of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. Research analysts anticipate that Sprinklr will post 0.11 EPS for the current year.

Insider Activity at Sprinklr

In other Sprinklr news, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr stock in a transaction dated Monday, September 9th. The stock was 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 owns 739,799 shares in the company, valued at $5,792,626.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was 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 directly owns 514,799 shares in the company, valued at $3,794,068.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Roger H. Lee sold 44,884 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $7.83, for a total value of $351,441.72. Following the completion of the transaction, the insider now directly owns 739,799 shares in the company, valued at $5,792,626.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 338,220 shares of company stock worth $2,548,988. 30.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sprinklr

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after buying an additional 3,575,001 shares during the period. Solel Partners LP boosted its position in Sprinklr by 46.8% during 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 period. Letko Brosseau & Associates Inc. increased its holdings in Sprinklr by 63.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after purchasing an additional 827,375 shares in the last quarter. Federated Hermes Inc. raised its position in Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock valued at $16,320,000 after purchasing an additional 1,694,900 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Sprinklr by 25.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 889,269 shares of the company’s stock valued at $8,555,000 after purchasing an additional 178,437 shares during the period. 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.