Brokerages Set Sprinklr, Inc. (NYSE:CXM) PT at $12.80

Shares of Sprinklr, Inc. (NYSE:CXM) have earned an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $12.80.

A number of brokerages recently commented on CXM. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Monday, July 1st. Cantor Fitzgerald lowered shares of Sprinklr from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $16.00 to $10.00 in a research report on Thursday, June 6th. Wells Fargo & Company reduced their price objective on shares of Sprinklr from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. Morgan Stanley reduced their price objective on shares of Sprinklr from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 6th. Finally, DA Davidson lowered shares of Sprinklr from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $16.00 to $9.00 in a research report on Thursday, June 6th.

Sprinklr Stock Down 3.6 %

CXM opened at $9.18 on Tuesday. The firm has a 50-day simple moving average of $9.66 and a two-hundred day simple moving average of $11.51. Sprinklr has a 52 week low of $8.33 and a 52 week high of $17.14. The company has a market capitalization of $2.43 billion, a PE ratio of 43.71, a price-to-earnings-growth ratio of 1.63 and a beta of 0.79.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. The business had revenue of $195.96 million during the quarter, compared to the consensus estimate of $194.54 million. As a group, sell-side analysts expect that Sprinklr will post 0.19 earnings per share for the current year.

Insider Activity at Sprinklr

In related news, insider Diane Adams sold 13,717 shares of Sprinklr stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40. Following the transaction, the insider now directly owns 395,222 shares of the company’s stock, valued at $3,636,042.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 15,962 shares of company stock valued at $148,000 over the last ninety days. 30.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprinklr

Several institutional investors have recently bought and sold shares of CXM. Vanguard Group Inc. boosted its stake in Sprinklr by 13.6% in the third quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company’s stock valued at $161,618,000 after acquiring an additional 1,399,510 shares in the last quarter. Arizona State Retirement System boosted its stake in Sprinklr by 7.3% in the fourth quarter. Arizona State Retirement System now owns 30,582 shares of the company’s stock valued at $368,000 after acquiring an additional 2,072 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Sprinklr by 33.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,059 shares of the company’s stock valued at $1,470,000 after acquiring an additional 30,423 shares in the last quarter. Windmill Hill Asset Management Ltd boosted its stake in Sprinklr by 200.1% in the fourth quarter. Windmill Hill Asset Management Ltd now owns 59,140 shares of the company’s stock valued at $712,000 after acquiring an additional 39,434 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Sprinklr during the fourth quarter worth $589,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.