Sprinklr, Inc. (NYSE:CXM) Receives $12.90 Average Price Target from Brokerages

Sprinklr, Inc. (NYSE:CXM) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.90.

Several equities analysts recently weighed in on CXM shares. Rosenblatt Securities cut their price target on Sprinklr from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Morgan Stanley reduced their target price on Sprinklr from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, June 6th. Oppenheimer reissued a “market perform” rating on shares of Sprinklr in a research note on Thursday, March 28th. JMP Securities reduced their price objective on shares of Sprinklr from $22.00 to $17.00 and set a “market outperform” rating for the company in a research report on Thursday, June 6th. Finally, DA Davidson lowered shares of Sprinklr from a “buy” rating to a “neutral” rating and dropped their target price for the company from $16.00 to $9.00 in a research report on Thursday, June 6th.

Sprinklr Price Performance

Shares of NYSE CXM opened at $8.81 on Monday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 1.51 and a beta of 0.84. The firm’s 50 day simple moving average is $11.49 and its 200-day simple moving average is $12.28. Sprinklr has a 12 month low of $8.33 and a 12 month high of $17.14.

Sprinklr (NYSE:CXM) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. The company had revenue of $194.21 million for the quarter, compared to analyst estimates of $188.50 million. Analysts anticipate that Sprinklr will post 0.19 earnings per share for the current fiscal year.

Insider Activity at Sprinklr

In other news, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $11.66, for a total transaction of $610,995.66. Following the transaction, the chief marketing officer now directly owns 491,862 shares in the company, valued at approximately $5,735,110.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the sale, the chief marketing officer now directly owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder R David Tabors sold 319,405 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $12.10, for a total transaction of $3,864,800.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 373,236 shares of company stock valued at $4,492,985. Corporate insiders own 30.12% of the company’s stock.

Institutional Trading of Sprinklr

Several institutional investors have recently made changes to their positions in CXM. RK Capital Management LLC increased its stake in Sprinklr by 29.0% during the fourth quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock worth $6,190,000 after acquiring an additional 115,600 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Sprinklr by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock valued at $10,905,000 after buying an additional 27,652 shares during the period. Horrell Capital Management Inc. lifted its position in Sprinklr by 63.1% in the fourth quarter. Horrell Capital Management Inc. now owns 336,000 shares of the company’s stock valued at $4,045,000 after buying an additional 130,000 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Sprinklr during the third quarter worth about $87,000. Finally, Federated Hermes Inc. increased its position in shares of Sprinklr by 234.5% during the third quarter. Federated Hermes Inc. now owns 775,374 shares of the company’s stock valued at $10,731,000 after acquiring an additional 543,588 shares during the last quarter. 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.