Sprinklr, Inc. (NYSE:CXM) Receives Average Rating of "Hold" from Analysts

Shares of Sprinklr, Inc. (NYSE:CXM - Get Free Report) have received an average recommendation of "Hold" from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.25.

CXM has been the subject of several recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 target price on shares of Sprinklr in a report on Friday, June 27th. Morgan Stanley upped their target price on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Rosenblatt Securities reissued a "buy" rating and set a $12.00 price objective on shares of Sprinklr in a report on Thursday, June 5th. Cantor Fitzgerald began coverage on Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price objective for the company. Finally, DA Davidson increased their price objective on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th.

Insider Activity at Sprinklr

In related news, Director Neeraj Agrawal sold 378,940 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $8.76, for a total value of $3,319,514.40. Following the transaction, the director directly owned 321,304 shares of the company's stock, valued at approximately $2,814,623.04. This represents a 54.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ragy Thomas sold 3,000,000 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $7.94, for a total value of $23,820,000.00. Following the completion of the transaction, the director directly owned 974,286 shares in the company, valued at $7,735,830.84. This trade represents a 75.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,512,762 shares of company stock worth $85,940,959 over the last 90 days. 60.53% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprinklr

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Sprinklr by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company's stock worth $121,065,000 after buying an additional 1,138,542 shares in the last quarter. Jefferies Financial Group Inc. boosted its holdings in shares of Sprinklr by 96.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock valued at $49,073,000 after purchasing an additional 2,851,106 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Sprinklr by 2.7% during the 4th quarter. Deutsche Bank AG now owns 2,792,583 shares of the company's stock valued at $23,597,000 after purchasing an additional 73,405 shares during the last quarter. Norges Bank bought a new position in shares of Sprinklr during the 4th quarter valued at about $16,477,000. Finally, Letko Brosseau & Associates Inc. boosted its holdings in shares of Sprinklr by 1.0% during the 1st quarter. Letko Brosseau & Associates Inc. now owns 1,748,875 shares of the company's stock valued at $14,603,000 after purchasing an additional 17,275 shares during the last quarter. 40.19% of the stock is owned by institutional investors.

Sprinklr Stock Performance

CXM stock opened at $8.66 on Tuesday. The stock's 50 day simple moving average is $8.40 and its 200 day simple moving average is $8.39. Sprinklr has a fifty-two week low of $6.75 and a fifty-two week high of $9.93. The company has a market cap of $2.24 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80.

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

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