Sprinklr, Inc. (NYSE:CXM) Given Consensus Recommendation of "Hold" by 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 given a consensus rating of "Hold" by the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research 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 12 month target price among analysts that have issued a report on the stock in the last year is $10.25.

Several analysts have issued reports on CXM shares. Rosenblatt Securities restated a "buy" rating and issued a $12.00 price target on shares of Sprinklr in a research report on Thursday, June 5th. Cantor Fitzgerald assumed coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price target for the company. Wall Street Zen downgraded shares of Sprinklr from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley boosted their target price on shares of Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Finally, JMP Securities reiterated a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research report on Friday, June 27th.

Sprinklr Trading Up 2.1%

CXM stock traded up $0.17 during midday trading on Friday, reaching $8.15. The company had a trading volume of 375,780 shares, compared to its average volume of 1,941,603. Sprinklr has a 1 year low of $6.75 and a 1 year high of $9.69. The company has a market capitalization of $2.11 billion, a P/E ratio of 19.87, a PEG ratio of 1.74 and a beta of 0.81. The company has a 50 day moving average of $8.65 and a two-hundred day moving average of $8.43.

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

Insider Buying and Selling at Sprinklr

In other Sprinklr news, Director Ragy Thomas sold 3,000,000 shares of the stock in a transaction dated Wednesday, June 18th. The shares were 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 in the company, valued at $7,735,830.84. This represents a 75.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Roger H. Lee sold 285,439 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $8.68, for a total transaction of $2,477,610.52. Following the sale, the insider owned 229,360 shares in the company, valued at $1,990,844.80. The trade was a 55.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,512,691 shares of company stock valued at $85,942,764 in the last quarter. Company insiders own 60.53% of the company's stock.

Institutional Investors Weigh In On Sprinklr

A number of large investors have recently bought and sold shares of CXM. Trexquant Investment LP acquired a new stake in Sprinklr during the fourth quarter worth about $566,000. Wells Fargo & Company MN lifted its holdings in shares of Sprinklr by 28.0% in the fourth quarter. Wells Fargo & Company MN now owns 59,965 shares of the company's stock worth $507,000 after acquiring an additional 13,110 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Sprinklr in the fourth quarter worth about $115,000. Mariner LLC raised its holdings in Sprinklr by 51.8% in the 4th quarter. Mariner LLC now owns 23,730 shares of the company's stock valued at $201,000 after buying an additional 8,102 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Sprinklr by 10.6% in the 4th quarter. NewEdge Advisors LLC now owns 28,212 shares of the company's stock valued at $238,000 after buying an additional 2,700 shares during the last quarter. 40.19% of the stock is currently 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.