Sprinklr, Inc. (NYSE:CXM) Given Consensus Recommendation of "Hold" by Analysts

Shares of Sprinklr, Inc. (NYSE:CXM - Get Free Report) have received an average rating of "Hold" from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.25.

Several brokerages have commented on CXM. Morgan Stanley increased their target price on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. Rosenblatt Securities reiterated a "buy" rating and set a $12.00 target price on shares of Sprinklr in a research note on Thursday, June 5th. Cantor Fitzgerald began coverage on Sprinklr in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 target price on the stock. DA Davidson increased their target price on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Finally, Wells Fargo & Company increased their target price on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, June 5th.

Sprinklr Stock Performance

Shares of Sprinklr stock traded down $0.01 during midday trading on Tuesday, hitting $9.01. The company had a trading volume of 564,982 shares, compared to its average volume of 2,051,407. The stock has a market capitalization of $2.33 billion, a P/E ratio of 21.99, a P/E/G ratio of 1.93 and a beta of 0.80. The company has a 50 day moving average of $8.46 and a 200 day moving average of $8.39. Sprinklr has a 52-week low of $6.75 and a 52-week high of $9.93.

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 the consensus estimate of $0.10 by $0.02. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%. The company had revenue of $205.50 million for the quarter, compared to the consensus estimate of $201.83 million. During the same quarter in the prior year, the business posted $0.09 EPS. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Sprinklr will post 0.1 EPS for the current year.

Insider Buying and Selling

In related news, CFO Manish Sarin sold 174,749 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $9.07, for a total value of $1,584,973.43. Following the transaction, the chief financial officer directly owned 732,421 shares of the company's stock, valued at approximately $6,643,058.47. This trade represents a 19.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ragy Thomas sold 3,000,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was 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 approximately $7,735,830.84. This represents a 75.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,512,762 shares of company stock worth $85,940,959 in the last quarter. Company insiders own 60.53% of the company's stock.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors have recently bought and sold shares of CXM. GAMMA Investing LLC raised its holdings in Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after acquiring an additional 2,489 shares during the period. PNC Financial Services Group Inc. raised its holdings in Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after acquiring an additional 1,928 shares during the period. Ancora Advisors LLC bought a new stake in Sprinklr during the fourth quarter valued at about $34,000. Quarry LP raised its holdings in Sprinklr by 5,071.8% during the first quarter. Quarry LP now owns 7,706 shares of the company's stock valued at $64,000 after acquiring an additional 7,557 shares during the period. Finally, Cibc World Markets Corp bought a new stake in Sprinklr during the fourth quarter valued at about $92,000. 40.19% of the stock is owned by institutional investors.

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.