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

Shares of Sprinklr, Inc. (NYSE:CXM) have received an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat.com reports. Six research 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 analysts that have updated their coverage on the stock in the last year is $16.90.

Several research firms recently commented on CXM. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $16.00 price target on shares of Sprinklr in a research note on Thursday, March 28th. William Blair reaffirmed an “outperform” rating on shares of Sprinklr in a research note on Monday, April 22nd. Wells Fargo & Company raised their price target on shares of Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a research note on Thursday, March 28th. Finally, KeyCorp began coverage on shares of Sprinklr in a research note on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price target on the stock.

Sprinklr Trading Down 0.7 %

Sprinklr stock opened at $12.19 on Thursday. The firm has a 50-day moving average price of $12.27 and a 200-day moving average price of $12.81. The firm has a market capitalization of $3.33 billion, a PE ratio of 67.73, a price-to-earnings-growth ratio of 2.42 and a beta of 0.87. Sprinklr has a 12-month low of $10.93 and a 12-month high of $17.14.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $194.21 million during the quarter, compared to analyst estimates of $188.50 million. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. As a group, sell-side analysts predict that Sprinklr will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, General Counsel Jacob Scott sold 16,602 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $216,324.06. Following the transaction, the general counsel now owns 197,994 shares of the company’s stock, valued at approximately $2,579,861.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Manish Sarin sold 49,234 shares of Sprinklr stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $641,519.02. Following the transaction, the chief financial officer now owns 595,712 shares of the company’s stock, valued at approximately $7,762,127.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Jacob Scott sold 16,602 shares of Sprinklr stock in a transaction that occurred 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 directly owns 197,994 shares in the company, valued at approximately $2,579,861.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 495,273 shares of company stock valued at $6,083,127. Company insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. RiverPark Advisors LLC acquired a new stake in Sprinklr in the 3rd quarter worth approximately $27,000. Mather Group LLC. acquired a new stake in Sprinklr in the 1st quarter worth approximately $28,000. DekaBank Deutsche Girozentrale acquired a new stake in Sprinklr in the 3rd quarter worth approximately $87,000. Quest Partners LLC acquired a new stake in Sprinklr in the 4th quarter worth approximately $115,000. Finally, Victory Capital Management Inc. acquired a new stake in Sprinklr in the 3rd quarter worth approximately $146,000. Hedge funds and other 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.