JMP Securities Reaffirms “Market Outperform” Rating for Sprinklr (NYSE:CXM)

Sprinklr (NYSE:CXM)‘s stock had its “market outperform” rating reissued by equities research analysts at JMP Securities in a report issued on Thursday, Benzinga reports. They currently have a $17.00 target price on the stock. JMP Securities’ price target indicates a potential upside of 113.03% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Morgan Stanley reduced their price target on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday. Barclays reduced their target price on Sprinklr from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Thursday. Rosenblatt Securities dropped their price target on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday. KeyCorp decreased their price objective on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, DA Davidson dropped their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Sprinklr has a consensus rating of “Hold” and a consensus target price of $11.20.

Sprinklr Trading Down 7.1 %

CXM traded down $0.61 during trading on Thursday, reaching $7.98. 1,772,934 shares of the company’s stock were exchanged, compared to its average volume of 2,253,421. Sprinklr has a one year low of $7.73 and a one year high of $17.14. The firm has a fifty day moving average price of $9.26 and a two-hundred day moving average price of $10.91. The stock has a market capitalization of $2.12 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 1.53 and a beta of 0.79.

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

Insider Buying and Selling at Sprinklr

In other Sprinklr news, insider Diane Adams sold 13,717 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $9.20, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 15,962 shares of company stock worth $148,000. 30.12% of the stock is owned by corporate insiders.

Institutional Trading of Sprinklr

Institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its position in shares of Sprinklr by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after buying an additional 1,117 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Sprinklr by 2.9% during the second quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after purchasing an additional 1,700 shares during the last quarter. Jump Financial LLC increased its stake in Sprinklr by 5.0% in the 4th quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock valued at $478,000 after buying an additional 1,875 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after buying an additional 1,904 shares during the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

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.