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

Sprinklr (NYSE:CXM - Get Free Report)'s stock had its "market outperform" rating reaffirmed by investment analysts at JMP Securities in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $17.00 price target on the stock. JMP Securities' price target would indicate a potential upside of 102.74% from the company's previous close.

Several other equities analysts have also weighed in on CXM. Scotiabank increased their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research report on Thursday, March 13th. DA Davidson upped their price target on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Rosenblatt Securities reissued a "buy" rating and issued a $12.00 price target on shares of Sprinklr in a report on Thursday, June 5th. Cantor Fitzgerald began coverage on Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price objective for the company. Finally, Morgan Stanley upped their target price on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.25.

Sprinklr Stock Up 2.0%

Shares of NYSE CXM opened at $8.39 on Friday. The business's 50 day moving average price is $8.10 and its two-hundred day moving average price is $8.43. The company has a market cap of $2.17 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.81 and a beta of 0.81. Sprinklr has a twelve month low of $6.75 and a twelve month high of $10.27.

Sprinklr (NYSE:CXM - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $0.12 EPS 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 during the quarter, compared to the consensus estimate of $201.83 million. During the same period in the previous year, the company posted $0.09 EPS. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, research analysts anticipate that Sprinklr will post 0.1 EPS for the current fiscal year.

Insider Activity at Sprinklr

In other news, CTO Amitabh Misra sold 35,710 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $8.17, for a total transaction of $291,750.70. Following the completion of the sale, the chief technology officer now directly owns 602,970 shares in the company, valued at approximately $4,926,264.90. This represents a 5.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Arun Pattabhiraman sold 16,222 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $8.17, for a total value of $132,533.74. Following the sale, the chief marketing officer now directly owns 551,206 shares in the company, valued at approximately $4,503,353.02. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,170,466 shares of company stock worth $33,880,381. Company insiders own 60.53% of the company's stock.

Institutional Investors Weigh In On Sprinklr

A number of large investors have recently bought and sold shares of CXM. GAMMA Investing LLC lifted its holdings in shares of Sprinklr by 209.5% during the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after acquiring an additional 2,489 shares during the period. PNC Financial Services Group Inc. raised its position 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 purchasing an additional 1,928 shares in the last quarter. Ancora Advisors LLC acquired a new position in Sprinklr during the fourth quarter valued at approximately $34,000. Quarry LP lifted its stake in Sprinklr by 5,071.8% during the first quarter. Quarry LP now owns 7,706 shares of the company's stock worth $64,000 after purchasing an additional 7,557 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Sprinklr in the 4th quarter valued at $92,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.