Sprinklr (NYSE:CXM) Earns Buy Rating from Rosenblatt Securities

Sprinklr (NYSE:CXM)‘s stock had its “buy” rating reissued by equities research analysts at Rosenblatt Securities in a report released on Thursday,Benzinga reports. They presently have a $10.50 target price on the stock. Rosenblatt Securities’ target price suggests a potential upside of 19.39% from the company’s previous close.

Several other research analysts also recently commented on CXM. Citigroup reduced their price objective on Sprinklr from $11.00 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 dropped their price target for the stock from $10.00 to $7.00 in a research report on Monday, October 7th. Scotiabank started coverage on Sprinklr in a report on Tuesday, November 19th. They issued a “sector perform” rating and a $7.70 price objective for the company. Morgan Stanley dropped their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Finally, Cantor Fitzgerald reduced their price target on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.05.

Sprinklr Trading Up 1.4 %

Shares of CXM opened at $8.80 on Thursday. The firm has a fifty day moving average price of $7.64 and a 200-day moving average price of $8.71. The firm has a market capitalization of $2.23 billion, a P/E ratio of 54.19, a P/E/G ratio of 2.46 and a beta of 0.81. Sprinklr has a 12-month low of $6.91 and a 12-month high of $14.31.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, hitting 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 the consensus estimate of $194.58 million. Analysts predict that Sprinklr will post 0.11 earnings per share for the current year.

Insiders Place Their Bets

In other Sprinklr news, CEO Ragy Thomas sold 12,902 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $101,022.66. Following the completion of the transaction, the chief executive officer now owns 1,051,182 shares of the company’s stock, valued at approximately $8,230,755.06. This trade represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Arun Pattabhiraman sold 10,291 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $80,578.53. Following the sale, the chief marketing officer now directly owns 448,947 shares in the company, valued at $3,515,255.01. This trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its stake in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Sprinklr in the third quarter valued at approximately $105,000. CIBC Asset Management Inc increased its holdings in Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares during the period. GSA Capital Partners LLP acquired a new position in Sprinklr in the 3rd quarter worth approximately $129,000. Finally, GW Henssler & Associates Ltd. purchased a new position in Sprinklr during the 3rd quarter worth approximately $142,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

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.