Sprinklr, Inc. (NYSE:CXM) Receives $16.17 Average Target Price from Analysts

Shares of Sprinklr, Inc. (NYSE:CXMGet Free Report) have been given an average recommendation of “Moderate Buy” by the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $16.15.

A number of equities analysts have recently weighed in on CXM shares. JMP Securities dropped their target price on Sprinklr from $24.00 to $22.00 and set a “market outperform” rating on the stock in a report on Thursday, December 7th. Barclays dropped their price objective on Sprinklr from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 11th. TheStreet downgraded Sprinklr from a “c-” rating to a “d+” rating in a report on Thursday, December 28th. Stifel Nicolaus dropped their price objective on Sprinklr from $16.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday, December 7th. Finally, BTIG Research downgraded Sprinklr from a “buy” rating to a “neutral” rating in a report on Thursday, December 7th.

View Our Latest Stock Analysis on CXM

Insider Activity

In other news, CFO Manish Sarin sold 60,651 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $12.01, for a total value of $728,418.51. Following the completion of the sale, the chief financial officer now directly owns 644,946 shares of the company’s stock, valued at $7,745,801.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Manish Sarin sold 60,651 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $12.01, for a total value of $728,418.51. Following the completion of the sale, the chief financial officer now directly owns 644,946 shares of the company’s stock, valued at $7,745,801.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Diane Adams sold 2,803 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $11.48, for a total value of $32,178.44. Following the completion of the transaction, the insider now owns 270,743 shares of the company’s stock, valued at $3,108,129.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 278,497 shares of company stock valued at $3,798,078. 40.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CXM. Sixth Street Partners Management Company L.P. acquired a new position in shares of Sprinklr in the second quarter valued at $94,980,000. BlackRock Inc. raised its stake in Sprinklr by 302.9% during the second quarter. BlackRock Inc. now owns 6,344,527 shares of the company’s stock worth $87,745,000 after acquiring an additional 4,769,625 shares in the last quarter. Vanguard Group Inc. raised its stake in Sprinklr by 180.0% during the first quarter. Vanguard Group Inc. now owns 4,611,375 shares of the company’s stock worth $54,875,000 after acquiring an additional 2,964,701 shares in the last quarter. Cadian Capital Management LP raised its stake in Sprinklr by 27.3% during the second quarter. Cadian Capital Management LP now owns 9,769,694 shares of the company’s stock worth $135,115,000 after acquiring an additional 2,096,139 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Sprinklr by 370.2% during the second quarter. Marshall Wace LLP now owns 2,046,256 shares of the company’s stock worth $28,300,000 after acquiring an additional 1,611,109 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Trading Down 2.1 %

NYSE CXM opened at $12.78 on Tuesday. The stock’s 50-day moving average price is $12.30 and its two-hundred day moving average price is $13.67. The company has a market cap of $3.50 billion, a PE ratio of 116.19, a PEG ratio of 3.00 and a beta of 0.88. Sprinklr has a 1 year low of $9.79 and a 1 year high of $17.14.

Sprinklr (NYSE:CXMGet Free Report) last posted its quarterly earnings data on Wednesday, December 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $186.33 million for the quarter, compared to analyst estimates of $180.42 million. Sprinklr had a return on equity of 4.96% and a net margin of 4.21%. Sprinklr’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) EPS. Research analysts forecast that Sprinklr will post 0.15 EPS for the current fiscal year.

About Sprinklr

(Get Free Report

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.

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Analyst Recommendations for Sprinklr (NYSE:CXM)

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