Sprinklr (NYSE:CXM) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Sprinklr (NYSE:CXM - Free Report) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $8.00 target price on the stock.

A number of other equities research analysts have also weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Sprinklr from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Rosenblatt Securities increased their target price on Sprinklr from $10.50 to $12.00 and gave the company a "buy" rating in a report on Thursday, March 13th. Scotiabank lifted their price target on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. Finally, William Blair lowered Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $9.92.

Sprinklr Stock Performance

CXM stock traded up $0.49 during mid-day trading on Tuesday, reaching $9.04. The company had a trading volume of 4,577,511 shares, compared to its average volume of 2,014,413. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 56.50, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. The firm has a fifty day simple moving average of $7.84 and a 200 day simple moving average of $8.42. Sprinklr has a fifty-two week low of $6.75 and a fifty-two week high of $11.01.

Sprinklr (NYSE:CXM - Get Free Report) last released its 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 firm had revenue of $205.50 million for the quarter, compared to analyst estimates of $201.83 million. Sprinklr had a net margin of 5.59% and a return on equity of 7.84%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, analysts predict that Sprinklr will post 0.1 earnings per share for the current year.

Insider Buying and Selling at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.28, for a total value of $241,771.84. Following the transaction, the director now directly owns 968,306 shares of the company's stock, valued at $8,985,879.68. The trade was a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 60.53% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Sprinklr by 8.5% in the first quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company's stock valued at $121,065,000 after buying an additional 1,138,542 shares during the last quarter. Jefferies Financial Group Inc. raised its stake in 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 acquiring an additional 2,851,106 shares during the last quarter. Deutsche Bank AG raised its stake in 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 acquiring an additional 73,405 shares during the last quarter. Norges Bank acquired a new stake in Sprinklr during the 4th quarter worth approximately $16,477,000. Finally, Letko Brosseau & Associates Inc. grew its stake in shares of Sprinklr by 1.0% in 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 hedge funds and other institutional investors.

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.