In a report released today, J. Parker Lane from Stifel Nicolaus maintained a Hold rating on Sprinklr (CXM – Research Report), with a price target of $15.00. The company’s shares closed yesterday at $13.01.
According to TipRanks, Parker Lane is an analyst with an average return of -2.8% and a 43.14% success rate. Parker Lane covers the Technology sector, focusing on stocks such as Adobe, Intapp, and MeridianLink.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sprinklr with a $16.33 average price target, which is a 25.52% upside from current levels. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a $16.00 price target.
Based on Sprinklr’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $186.33 million and a net profit of $16.97 million. In comparison, last year the company earned a revenue of $157.25 million and had a GAAP net loss of $5.86 million
Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CXM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sprinklr (CXM) Company Description:
Sprinklr Inc is engaged in providing enterprise software that enables every customer-facing function across the front office, from Customer Care to Marketing, to collaborate across internal silos, communicate across digital channels. Its products include Modern Marketing and Advertising, Morden Research, Modern Care, Core Platform, and Developer portal among others.
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