Sprinklr, Inc. (NYSE:CXM) Receives Average Rating of “Moderate Buy” from Brokerages

Sprinklr, Inc. (NYSE:CXM) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.90.

CXM has been the topic of a number of analyst reports. Rosenblatt Securities increased their price target on Sprinklr from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Company raised their target price on Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. Oppenheimer reissued a “market perform” rating on shares of Sprinklr in a research report on Thursday, March 28th. TheStreet lowered Sprinklr from a “c-” rating to a “d+” rating in a research report on Thursday, December 28th. Finally, DA Davidson reissued a “buy” rating and set a $16.00 target price on shares of Sprinklr in a research report on Monday, April 1st.

Insiders Place Their Bets

In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of Sprinklr stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $11.66, for a total transaction of $610,995.66. Following the transaction, the chief marketing officer now owns 491,862 shares of the company’s stock, valued at $5,735,110.92. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of Sprinklr 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 transaction, the chief marketing officer now directly owns 491,862 shares in the company, valued at approximately $5,735,110.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder R David Tabors sold 319,405 shares of Sprinklr stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $12.10, for a total value of $3,864,800.50. The disclosure for this sale can be found here. Insiders have sold a total of 495,513 shares of company stock valued at $6,087,581 over the last quarter. Company insiders own 40.29% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cadian Capital Management LP grew its stake in shares of Sprinklr by 29.9% in the 4th quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after purchasing an additional 3,355,566 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 1,399,510 shares in the last quarter. TFG Asset Management GP Ltd boosted its stake in shares of Sprinklr by 15.8% in the fourth quarter. TFG Asset Management GP Ltd now owns 2,200,000 shares of the company’s stock valued at $26,488,000 after buying an additional 300,000 shares in the last quarter. Kettle Hill Capital Management LLC purchased a new stake in shares of Sprinklr in the fourth quarter valued at approximately $12,889,000. Finally, Stanley Laman Group Ltd. boosted its stake in shares of Sprinklr by 1,185.6% in the fourth quarter. Stanley Laman Group Ltd. now owns 1,045,673 shares of the company’s stock valued at $12,590,000 after buying an additional 964,333 shares in the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Price Performance

CXM stock opened at $11.84 on Friday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 65.75, a P/E/G ratio of 2.28 and a beta of 0.87. The business’s 50-day moving average is $12.57 and its two-hundred day moving average is $13.00. Sprinklr has a 1 year low of $10.93 and a 1 year high of $17.14.

Sprinklr (NYSE:CXM) last posted its quarterly earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $194.21 million for the quarter, compared to analyst estimates of $188.50 million. Sprinklr had a return on equity of 8.15% and a net margin of 7.02%. On average, analysts expect that Sprinklr will post 0.17 EPS for the current year.

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.