Sprinklr’s (CXM) Outperform Rating Reiterated at William Blair

William Blair reaffirmed their outperform rating on shares of Sprinklr (NYSE:CXM) in a research note issued to investors on Monday, RTT News reports.

Other equities research analysts have also issued research reports about the stock. Rosenblatt Securities upped their price target on shares of Sprinklr from $16.00 to $18.00 and gave the company a buy rating in a research report on Thursday, March 28th. DA Davidson reaffirmed a buy rating and set a $16.00 price target on shares of Sprinklr in a research report on Monday, April 1st. KeyCorp assumed coverage on shares of Sprinklr in a research report on Thursday, March 21st. They set an overweight rating and a $19.00 price target for the company. TheStreet lowered shares of Sprinklr from a c- rating to a d+ rating in a research report on Thursday, December 28th. Finally, Oppenheimer reaffirmed a market perform rating on shares of Sprinklr in a research report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprinklr currently has a consensus rating of Moderate Buy and an average target price of $16.90.

Sprinklr Stock Performance

Shares of NYSE:CXM opened at $11.98 on Monday. Sprinklr has a fifty-two week low of $10.93 and a fifty-two week high of $17.14. The business has a 50-day simple moving average of $12.59 and a two-hundred day simple moving average of $13.01. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 66.53, a price-to-earnings-growth ratio of 2.20 and a beta of 0.87.

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

Insiders Place Their Bets

In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the transaction, the chief marketing officer now directly owns 491,862 shares in the company, valued at approximately $5,735,110.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the transaction, the chief marketing officer now directly owns 491,862 shares in the company, valued at approximately $5,735,110.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ragy Thomas sold 11,742 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the transaction, the chief executive officer now owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The disclosure for this sale can be found here. Insiders sold 495,513 shares of company stock worth $6,087,581 in the last three months. 40.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CXM. RiverPark Advisors LLC bought a new position in shares of Sprinklr during the 3rd quarter valued at approximately $27,000. Mather Group LLC. bought a new position in shares of Sprinklr during the 1st quarter valued at approximately $28,000. BluePath Capital Management LLC bought a new position in shares of Sprinklr during the 3rd quarter valued at approximately $30,000. Castleview Partners LLC bought a new position in shares of Sprinklr during the 3rd quarter valued at approximately $38,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Sprinklr during the 3rd quarter valued at approximately $87,000. 40.19% of the stock is currently owned by 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.