Sprinklr (NYSE:CXM) Given "Buy" Rating at Rosenblatt Securities

Sprinklr (NYSE:CXM - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They currently have a $12.00 price objective on the stock. Rosenblatt Securities' target price indicates a potential upside of 37.14% from the stock's previous close.

Other analysts have also issued research reports about the stock. Scotiabank upped their target price on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. Wells Fargo & Company decreased their target price 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. Morgan Stanley decreased their target price on shares of Sprinklr from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. DA Davidson decreased their target price on shares of Sprinklr from $11.00 to $8.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a 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 issued a buy rating to the company. According to MarketBeat, Sprinklr has an average rating of "Hold" and a consensus target price of $10.25.

Sprinklr Trading Down 1.1%

CXM stock traded down $0.10 during trading on Thursday, hitting $8.75. The company had a trading volume of 2,989,819 shares, compared to its average volume of 1,981,979. The business has a 50-day moving average of $7.87 and a 200-day moving average of $8.44. Sprinklr has a one year low of $6.75 and a one year high of $10.27. The stock has a market cap of $2.24 billion, a PE ratio of 54.69, a PEG ratio of 2.31 and a beta of 0.81.

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

Insider Activity

In other news, Director Neeraj Agrawal sold 26,053 shares of the company's 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 completion of the sale, the director now owns 968,306 shares of the company's stock, valued at approximately $8,985,879.68. This represents a 2.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 60.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Sprinklr by 209.5% in the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after purchasing an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after purchasing an additional 1,928 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Sprinklr during the 4th quarter valued at about $34,000. Quarry LP boosted its holdings in shares of Sprinklr by 5,071.8% during the 1st 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 last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Sprinklr during the 4th quarter valued at about $89,000. 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.