Analysts Set Sprinklr, Inc. (NYSE:CXM) Price Target at $16.90

Sprinklr, Inc. (NYSE:CXM) has been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.90.

CXM has been the subject of several analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $16.00 target price on shares of Sprinklr in a report on Thursday, March 28th. Rosenblatt Securities increased their price objective on Sprinklr from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. DA Davidson restated a “buy” rating and issued a $16.00 target price on shares of Sprinklr in a report on Monday, April 1st. Oppenheimer reiterated a “market perform” rating on shares of Sprinklr in a report on Thursday, March 28th. Finally, KeyCorp started coverage on shares of Sprinklr in a report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price target on the stock.

Insider Activity

In other Sprinklr news, General Counsel Jacob Scott sold 16,602 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $216,324.06. Following the completion of the transaction, the general counsel now owns 197,994 shares of the company’s stock, valued at $2,579,861.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Sprinklr news, General Counsel Jacob Scott sold 16,602 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $216,324.06. Following the sale, the general counsel now owns 197,994 shares in the company, valued at $2,579,861.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Arun Pattabhiraman sold 52,401 shares of Sprinklr stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $11.66, for a total transaction of $610,995.66. Following the transaction, the chief marketing officer now owns 491,862 shares of the company’s stock, valued at $5,735,110.92. The disclosure for this sale can be found here. Insiders sold a total of 495,513 shares of company stock worth $6,087,581 in the last quarter. 40.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds have recently bought and sold shares of CXM. Cadian Capital Management LP raised its holdings in Sprinklr by 29.9% in the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock worth $175,304,000 after buying an additional 3,355,566 shares during the last quarter. Vanguard Group Inc. raised its holdings in Sprinklr by 13.6% in the 3rd quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company’s stock worth $161,618,000 after acquiring an additional 1,399,510 shares during the last quarter. TFG Asset Management GP Ltd lifted its position in Sprinklr by 15.8% in the 4th quarter. TFG Asset Management GP Ltd now owns 2,200,000 shares of the company’s stock valued at $26,488,000 after acquiring an additional 300,000 shares in the last quarter. Kettle Hill Capital Management LLC purchased a new stake in Sprinklr during the 4th quarter valued at $12,889,000. Finally, Stanley Laman Group Ltd. increased its holdings in shares of Sprinklr by 1,185.6% in the 4th quarter. Stanley Laman Group Ltd. now owns 1,045,673 shares of the company’s stock worth $12,590,000 after purchasing an additional 964,333 shares in the last quarter. Institutional investors own 40.19% of the company’s stock.

Sprinklr Stock Performance

CXM stock opened at $11.93 on Friday. The company has a market capitalization of $3.26 billion, a PE ratio of 66.28, a price-to-earnings-growth ratio of 2.28 and a beta of 0.87. Sprinklr has a one year low of $10.93 and a one year high of $17.14. The company’s 50 day moving average price is $12.56 and its two-hundred day moving average price is $12.97.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, March 27th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. The company had revenue of $194.21 million for the quarter, compared to analysts’ expectations of $188.50 million. On average, research analysts predict that Sprinklr will post 0.17 EPS for the current year.

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.