Sprinklr, Inc. (NYSE:CXM) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Sprinklr, Inc. has received a consensus rating of "Hold" from 13 analysts, with two sell recommendations, eight holds, and three buys issued in the past year.
• The company's average 12-month price target among analysts is $10.25, reflecting varied outlooks on its stock performance.
• In recent insider trading, Sprinklr executives sold significant shares, with a total of 10.5 million shares sold in the last ninety days, representing a notable decrease in their ownership stakes.

Sprinklr, Inc. (NYSE:CXM - Get Free Report) has been assigned a consensus rating of "Hold" from the thirteen research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.25.

A number of equities analysts recently issued reports on the stock. DA Davidson boosted their target price on shares of Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Wall Street Zen downgraded shares of Sprinklr from a "buy" rating to a "hold" rating in a research note on Saturday. JMP Securities reiterated a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research note on Friday, June 27th. Rosenblatt Securities restated a "buy" rating and issued a $12.00 target price on shares of Sprinklr in a research note on Thursday, June 5th. Finally, Cantor Fitzgerald initiated coverage on shares of Sprinklr in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 target price on the stock.

Sprinklr Stock Up 1.5%

Shares of NYSE:CXM traded up $0.12 during trading on Friday, reaching $8.02. The stock had a trading volume of 903,380 shares, compared to its average volume of 1,944,798. Sprinklr has a 52 week low of $6.75 and a 52 week high of $9.69. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.79 and a beta of 0.81. The stock has a fifty day simple moving average of $8.66 and a two-hundred day simple moving average of $8.43.

Sprinklr (NYSE:CXM - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Sprinklr had a net margin of 13.57% and a return on equity of 6.86%. The company had revenue of $205.50 million for the quarter, compared to analyst estimates of $201.83 million. During the same quarter last year, the firm posted $0.09 earnings per share. The company's quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts forecast that Sprinklr will post 0.1 EPS for the current year.

Insider Transactions at Sprinklr

In other news, Director Ragy Thomas sold 3,000,000 shares of Sprinklr stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $7.94, for a total transaction of $23,820,000.00. Following the sale, the director directly owned 974,286 shares of the company's stock, valued at approximately $7,735,830.84. This trade represents a 75.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Scott Michael Harvey sold 121,057 shares of Sprinklr stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $8.32, for a total value of $1,007,194.24. Following the sale, the insider directly owned 703,332 shares in the company, valued at $5,851,722.24. The trade was a 14.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,512,691 shares of company stock valued at $85,942,764. Company insiders own 60.53% of the company's stock.

Institutional Trading of Sprinklr

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Sprinklr by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 1,560,184 shares of the company's stock valued at $13,028,000 after purchasing an additional 65,897 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Sprinklr by 209.5% in the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after acquiring an additional 2,489 shares during the period. Bank of America Corp DE lifted its stake in shares of Sprinklr by 34.2% in the fourth quarter. Bank of America Corp DE now owns 883,398 shares of the company's stock worth $7,465,000 after acquiring an additional 224,886 shares during the period. Northern Trust Corp lifted its stake in shares of Sprinklr by 3.3% in the fourth quarter. Northern Trust Corp now owns 1,232,711 shares of the company's stock worth $10,416,000 after acquiring an additional 38,895 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Sprinklr in the fourth quarter worth approximately $424,000. 40.19% of the stock is owned by institutional investors and hedge funds.

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.