Sprinklr (NYSE:CXM) Given "Market Outperform" Rating at JMP Securities

Sprinklr (NYSE:CXM - Get Free Report)'s stock had its "market outperform" rating reiterated by JMP Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $17.00 price objective on the stock. JMP Securities' target price would suggest a potential upside of 92.42% from the stock's previous close.

CXM has been the topic of a number of other reports. Wells Fargo & Company lifted their target price on Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday. Cantor Fitzgerald began coverage on Sprinklr in a research note on Tuesday. They issued a "neutral" rating and a $8.00 price target on the stock. Morgan Stanley dropped their price target on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Rosenblatt Securities reissued a "buy" rating and issued a $12.00 price target on shares of Sprinklr in a research note on Thursday. Finally, William Blair cut Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $10.25.

Sprinklr Stock Down 2.5%

Shares of CXM stock traded down $0.23 during trading hours on Thursday, hitting $8.84. 2,058,618 shares of the company were exchanged, compared to its average volume of 2,012,014. The firm has a market cap of $2.26 billion, a PE ratio of 55.22, a PEG ratio of 2.31 and a beta of 0.81. Sprinklr has a 1 year low of $6.75 and a 1 year high of $10.27. The firm has a fifty day moving average of $7.86 and a 200 day moving average of $8.43.

Sprinklr (NYSE:CXM - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Sprinklr had a net margin of 5.59% and a return on equity of 7.84%. The company had revenue of $205.50 million during the quarter, compared to the consensus estimate of $201.83 million. During the same quarter last year, the company earned $0.09 earnings per share. Sprinklr's revenue for the quarter was up 4.9% on a year-over-year basis. Analysts expect that Sprinklr will post 0.1 earnings per share for the current year.

Insider Activity at Sprinklr

In related 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 owns 968,306 shares in the company, valued at $8,985,879.68. This trade represents a 2.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 60.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently made changes to their positions in the company. Jefferies Financial Group Inc. boosted its holdings in Sprinklr by 96.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after purchasing an additional 2,851,106 shares during the last quarter. Norges Bank bought a new position in Sprinklr in the fourth quarter worth approximately $16,477,000. Vanguard Group Inc. raised its position in Sprinklr by 8.5% in the first quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company's stock worth $121,065,000 after acquiring an additional 1,138,542 shares during the period. Nuveen LLC bought a new position in Sprinklr in the first quarter worth approximately $4,341,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Sprinklr in the fourth quarter worth approximately $3,786,000. Hedge funds and other institutional investors own 40.19% of the company's stock.

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.