Shares of Sprinklr, Inc. (NYSE:CXM – Get Rating) have received a consensus rating of "Moderate Buy" from the ten analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $15.67.
A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Sprinklr from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Friday, September 9th. Barclays upped their target price on shares of Sprinklr from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Wednesday, June 15th. BTIG Research started coverage on shares of Sprinklr in a research note on Thursday. They issued a "buy" rating and a $12.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of Sprinklr from $20.00 to $15.00 and set an "overweight" rating for the company in a research note on Wednesday, June 15th. Finally, Stifel Nicolaus lowered their target price on shares of Sprinklr from $18.00 to $15.00 in a research note on Wednesday, June 15th.
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Sprinklr Price Performance
CXM opened at $9.22 on Friday. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -20.95 and a beta of 0.63. The firm has a 50 day simple moving average of $11.37 and a 200 day simple moving average of $11.71. Sprinklr has a fifty-two week low of $8.87 and a fifty-two week high of $20.29.
Sprinklr (NYSE:CXM – Get Rating) last posted its quarterly earnings results on Thursday, September 8th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.03. The business had revenue of $150.60 million during the quarter, compared to the consensus estimate of $147.45 million. Sprinklr had a negative net
margin of 20.66% and a negative return on equity of 20.08%. Sprinklr's revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.20) earnings per share. As a group, analysts expect that Sprinklr will post -0.32 EPS for the current year.
Insider Activity
In related news, CFO Manish Sarin sold 3,931 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $10.21, for a total transaction of $40,135.51. Following the completion of the transaction, the chief financial officer now owns 559,015 shares in the company, valued at $5,707,543.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Manish Sarin sold 3,931 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $10.21, for a total transaction of $40,135.51. Following the completion of the transaction, the chief financial officer now owns 559,015 shares in the company, valued at $5,707,543.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Pavitar Singh sold 2,500 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $12.50, for a total transaction of $31,250.00. Following the transaction, the chief technology officer now owns 269,738 shares of the company's stock, valued at approximately $3,371,725. The disclosure for this sale can be found here. Insiders sold 127,718 shares of company stock worth $1,503,205 over the last quarter. 43.75% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. UBS Group AG lifted its stake in Sprinklr by 23.4% in the first quarter. UBS Group AG now owns 5,862 shares of the company's stock valued at $69,000 after acquiring an additional 1,111 shares during the last quarter. Citigroup Inc. lifted its stake in Sprinklr by 308.9% in the first quarter. Citigroup Inc. now owns 2,212 shares of the company's stock valued at $26,000 after acquiring an additional 1,671 shares during the last quarter. Blair William & Co. IL lifted its stake in Sprinklr by 11.1% in the fourth quarter. Blair William & Co. IL now owns 16,806 shares of the company's stock valued at $267,000 after acquiring an additional 1,678 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in Sprinklr by 25.5% in the first quarter. Valeo Financial Advisors LLC now owns 14,021 shares of the company's stock valued at $167,000 after acquiring an additional 2,850 shares during the last quarter. Finally, Advisors Asset Management Inc. acquired a new stake in Sprinklr in the first quarter valued at $44,000. Institutional investors and hedge funds own 53.95% of the company's stock.
About Sprinklr
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Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.
Further Reading
- Get a free copy of the StockNews.com research report on Sprinklr (CXM)
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