Citizens Jmp Reiterates Market Outperform Rating for Sprinklr (NYSE:CXM)

Sprinklr (NYSE:CXM)‘s stock had its “market outperform” rating restated by equities research analysts at Citizens Jmp in a research note issued on Monday, Benzinga reports. They presently have a $11.00 price target on the stock. Citizens Jmp’s price target would indicate a potential upside of 105.03% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $8.50 price target on shares of Sprinklr in a research report on Thursday, September 3rd. Citigroup reissued a “market outperform” rating on shares of Sprinklr in a research report on Monday, September 14th. Morgan Stanley raised their price objective on Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. Weiss Ratings raised Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Finally, UBS Group set a $7.50 target price on Sprinklr in a research report on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.21.

Sprinklr Stock Performance

CXM stock opened at $5.37 on Monday. Sprinklr has a 52 week low of $4.72 and a 52 week high of $8.27. The company has a market capitalization of $1.25 billion, a PE ratio of 53.66 and a beta of 0.65. The company’s 50-day simple moving average is $6.41 and its 200 day simple moving average is $5.79.

Sprinklr (NYSE:CXM) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The business had revenue of $213.74 million during the quarter, compared to analysts’ expectations of $214.45 million. During the same quarter in the previous year, the company earned $0.13 EPS. The business’s revenue was up .8% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. On average, analysts forecast that Sprinklr will post 0.23 EPS for the current year.

Insider Activity at Sprinklr

In other news, General Counsel Jacob Scott sold 71,585 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $6.97, for a total transaction of $498,947.45. Following the completion of the transaction, the general counsel owned 576,827 shares of the company’s stock, valued at approximately $4,020,484.19. The trade was a 11.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rory Read sold 145,865 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $809,550.75. Following the sale, the chief executive officer owned 3,273,325 shares of the company’s stock, valued at approximately $18,166,953.75. This represents a 4.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 359,719 shares of company stock worth $2,105,291 in the last three months. Insiders own 25.18% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

A number of hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its holdings in shares of Sprinklr by 44.2% during the second quarter. Sequoia Financial Advisors LLC now owns 27,151 shares of the company’s stock worth $140,000 after purchasing an additional 8,322 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Sprinklr in the second quarter valued at approximately $645,000. Integrated Wealth Concepts LLC bought a new position in Sprinklr in the 2nd quarter valued at approximately $31,000. Compass Financial Management LLC bought a new position in Sprinklr in the 2nd quarter valued at approximately $52,000. Finally, Syon Capital LLC acquired a new stake in Sprinklr during the 2nd quarter worth approximately $131,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Company Profile

Sprinklr, Inc (NYSE:CXM) provides an enterprise software platform designed to help organizations manage customer experiences across digital and traditional channels. Its cloud-based Unified Customer Experience Management platform brings together customer-facing functions, data and workflows in a centralized environment.

The company’s products support customer service and contact-center operations, social media management, digital marketing, advertising, customer insights and social listening.