Sprinklr (NYSE:CXM) Earns Market Outperform Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of Sprinklr (NYSE:CXM - Free Report) in a report published on Friday morning,Benzinga reports. They currently have a $17.00 target price on the stock.

Other equities analysts have also issued reports about the company. DA Davidson boosted their price target on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Wells Fargo & Company lifted their price objective on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, June 5th. Cantor Fitzgerald began coverage on shares of Sprinklr in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 target price on the stock. Morgan Stanley lifted their price target on shares of Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. Finally, Scotiabank increased their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $10.25.

Sprinklr Price Performance

Shares of Sprinklr stock traded up $0.25 during midday trading on Friday, reaching $8.46. The company had a trading volume of 4,293,516 shares, compared to its average volume of 1,857,452. The stock has a fifty day moving average price of $8.12 and a 200 day moving average price of $8.41. Sprinklr has a fifty-two week low of $6.75 and a fifty-two week high of $10.27. The firm has a market cap of $2.19 billion, a PE ratio of 20.63, a P/E/G ratio of 1.81 and a beta of 0.81.

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

Insiders Place Their Bets

In related news, CTO Amitabh Misra sold 35,710 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $8.17, for a total value of $291,750.70. Following the completion of the sale, the chief technology officer now owns 602,970 shares in the company, valued at $4,926,264.90. The trade was a 5.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Roger H. Lee sold 285,439 shares of Sprinklr stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $8.68, for a total transaction of $2,477,610.52. Following the transaction, the insider now directly owns 229,360 shares in the company, valued at $1,990,844.80. This trade represents a 55.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,291,523 shares of company stock valued at $34,887,576 over the last 90 days. Insiders own 60.53% of the company's stock.

Institutional Investors Weigh In On Sprinklr

A number of hedge funds and other institutional investors have recently modified their holdings of CXM. Bank of America Corp DE increased its stake in Sprinklr by 34.2% in the 4th quarter. Bank of America Corp DE now owns 883,398 shares of the company's stock worth $7,465,000 after purchasing an additional 224,886 shares during the period. Ceera Investments LLC grew its holdings in shares of Sprinklr by 61.4% in the fourth quarter. Ceera Investments LLC now owns 182,105 shares of the company's stock worth $1,539,000 after purchasing an additional 69,290 shares during the last quarter. Northern Trust Corp increased its stake in shares of Sprinklr by 3.3% in the fourth quarter. Northern Trust Corp now owns 1,232,711 shares of the company's stock worth $10,416,000 after buying an additional 38,895 shares during the period. BNP Paribas Financial Markets purchased a new stake in Sprinklr during the 4th quarter valued at $424,000. Finally, Jefferies Financial Group Inc. grew its holdings in Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after acquiring an additional 2,851,106 shares during the last quarter. Institutional investors own 40.19% of the company's stock.

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.