Sprinklr, Inc. (NYSE:CXM) Given Average Recommendation of "Hold" by Analysts

Shares of Sprinklr, Inc. (NYSE:CXM - Get Free Report) have earned an average rating of "Hold" from the fourteen analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $9.61.

A number of brokerages recently issued reports on CXM. DA Davidson dropped their price objective on shares of Sprinklr from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Thursday, September 5th. Barclays downgraded shares of Sprinklr from an "overweight" rating to an "underweight" rating and dropped their price target for the company from $10.00 to $7.00 in a research note on Monday, October 7th. Morgan Stanley reduced their price objective on shares of Sprinklr from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company lowered 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 research report on Tuesday, November 12th. Finally, Rosenblatt Securities cut their target price on Sprinklr from $14.00 to $11.00 and set a "buy" rating on the stock in a report on Tuesday, September 3rd.

Sprinklr Trading Up 2.1 %

NYSE:CXM traded up $0.17 on Monday, hitting $8.41. The company had a trading volume of 1,984,383 shares, compared to its average volume of 2,281,485. The firm has a 50 day moving average of $7.57 and a two-hundred day moving average of $8.77. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 45.61, a PEG ratio of 2.46 and a beta of 0.76. Sprinklr has a 52 week low of $6.91 and a 52 week high of $17.14.

Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The company had revenue of $197.21 million during the quarter, compared to analysts' expectations of $194.58 million. As a group, equities analysts forecast that Sprinklr will post 0.11 EPS for the current year.

Insider Activity

In other news, insider Diane Adams sold 4,282 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $33,528.06. Following the completion of the sale, the insider now owns 390,940 shares in the company, valued at $3,061,060.20. The trade was a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Roger H. Lee sold 225,000 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the transaction, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. The trade was a 30.41 % 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 quarter. 30.12% of the stock is owned by corporate insiders.

Institutional Trading of Sprinklr

A number of hedge funds and other institutional investors have recently bought and sold shares of CXM. SG Americas Securities LLC purchased a new stake in shares of Sprinklr in the second quarter worth approximately $553,000. Teachers Retirement System of The State of Kentucky bought a new stake in Sprinklr during the first quarter worth $494,000. Cerity Partners LLC raised its position in Sprinklr by 33.0% in the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company's stock valued at $7,664,000 after buying an additional 246,095 shares during the last quarter. Horrell Capital Management Inc. lifted its stake in Sprinklr by 31.7% during the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company's stock valued at $5,295,000 after acquiring an additional 165,000 shares in the last quarter. Finally, CWM LLC lifted its stake in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company's stock valued at $35,000 after acquiring an additional 1,904 shares in the last quarter. Institutional investors own 40.19% of the company's stock.

Sprinklr Company Profile

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.