Sprinklr’s (CXM) “Buy” Rating Reaffirmed at Rosenblatt Securities

Sprinklr (NYSE:CXM)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a report released on Thursday,Benzinga reports. They presently have a $10.50 price objective on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 21.67% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. DA Davidson dropped their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. KeyCorp decreased their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company cut Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $8.00 to $6.00 in a report on Tuesday, November 12th. Morgan Stanley lowered their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Finally, Scotiabank began coverage on Sprinklr in a report on Tuesday, November 19th. They issued a “sector perform” rating and a $7.70 target price for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.56.

Sprinklr Trading Up 4.6 %

NYSE:CXM opened at $8.63 on Thursday. Sprinklr has a 12-month low of $6.91 and a 12-month high of $17.14. The stock has a 50-day moving average price of $7.60 and a 200 day moving average price of $8.71. The stock has a market capitalization of $2.19 billion, a P/E ratio of 47.95, a P/E/G ratio of 2.46 and a beta of 0.81.

Sprinklr (NYSE:CXM) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. On average, research analysts predict that Sprinklr will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the transaction, the insider now directly owns 514,799 shares of the company’s stock, valued at $3,794,068.63. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Diane Adams sold 4,282 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $33,528.06. Following the transaction, the insider now directly owns 390,940 shares in the company, valued at $3,061,060.20. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock worth $2,545,967 in the last three months. 30.12% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. 272 Capital LP increased its holdings in shares of Sprinklr by 26.5% in the third quarter. 272 Capital LP now owns 309,248 shares of the company’s stock valued at $2,390,000 after purchasing an additional 64,748 shares during the period. Geode Capital Management LLC increased its holdings in shares of Sprinklr by 11.9% in the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after purchasing an additional 295,638 shares during the period. Barclays PLC increased its holdings in shares of Sprinklr by 283.7% in the third quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after purchasing an additional 179,661 shares during the period. Weiss Asset Management LP acquired a new position in shares of Sprinklr in the third quarter valued at about $806,000. Finally, State Street Corp increased its holdings in shares of Sprinklr by 7.2% in the third quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after purchasing an additional 322,318 shares during the period. 40.19% of the stock is owned by institutional investors and hedge funds.

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.