Sprinklr’s (CXM) Market Outperform Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Sprinklr (NYSE:CXM) in a report issued on Monday morning, Benzinga reports. The firm currently has a $17.00 target price on the stock.

Other equities analysts have also issued research reports about the company. Rosenblatt Securities cut their target price on Sprinklr from $18.00 to $14.00 and set a buy rating on the stock in a research note on Thursday, June 6th. Stifel Nicolaus reduced their price objective on shares of Sprinklr from $15.00 to $9.00 and set a hold rating for the company in a research note on Thursday, June 6th. William Blair reissued an outperform rating on shares of Sprinklr in a research report on Monday, April 22nd. Oppenheimer reaffirmed a market perform rating on shares of Sprinklr in a report on Thursday, March 28th. Finally, Morgan Stanley decreased their price objective on Sprinklr from $16.00 to $12.00 and set an equal weight rating for the company in a report on Thursday, June 6th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $12.80.

Sprinklr Stock Up 2.4 %

Shares of NYSE:CXM opened at $10.04 on Monday. The business’s 50 day moving average is $10.84 and its 200 day moving average is $11.88. The stock has a market cap of $2.66 billion, a P/E ratio of 47.81, a price-to-earnings-growth ratio of 1.64 and a beta of 0.79. Sprinklr has a 52-week low of $8.33 and a 52-week high of $17.14.

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

Insider Buying and Selling at Sprinklr

In other news, major shareholder R David Tabors sold 319,405 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $12.10, for a total value of $3,864,800.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder R David Tabors sold 319,405 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $12.10, for a total transaction of $3,864,800.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Arun Pattabhiraman sold 52,401 shares of the firm’s 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 completion of the transaction, the chief marketing officer now directly owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The disclosure for this sale can be found here. Insiders have sold 373,236 shares of company stock worth $4,492,985 in the last ninety days. 30.12% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprinklr

Hedge funds and other institutional investors have recently modified their holdings of the company. RK Capital Management LLC grew its holdings in shares of 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 purchasing an additional 115,600 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Sprinklr by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock worth $10,905,000 after buying an additional 27,652 shares during the last quarter. Horrell Capital Management Inc. increased its position in Sprinklr by 63.1% during the fourth quarter. Horrell Capital Management Inc. now owns 336,000 shares of the company’s stock worth $4,045,000 after buying an additional 130,000 shares during the period. Victory Capital Management Inc. lifted its stake in Sprinklr by 31.4% in the fourth quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after buying an additional 3,322 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of Sprinklr in the fourth quarter valued at approximately $161,000. 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.