Analysts Set Sprinklr, Inc. (NYSE:CXM) PT at $10.00

Shares of Sprinklr, Inc. (NYSE:CXM - Get Free Report) have earned a consensus rating of "Hold" from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.00.

A number of equities research analysts have recently issued reports on CXM shares. Morgan Stanley dropped their target price on shares of Sprinklr from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald dropped their price objective on Sprinklr from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company reduced their target price on Sprinklr from $9.00 to $8.00 and set an "equal weight" rating for the company in a research note on Thursday, September 5th. DA Davidson decreased their target price on Sprinklr from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research report on Thursday, September 5th.

Insider Buying and Selling at Sprinklr

In other news, major shareholder Roger H. Lee sold 225,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were 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 approximately $3,794,068.63. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Diane Adams sold 12,915 shares of the business's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the transaction, the insider now owns 376,942 shares of the company's stock, valued at approximately $2,951,455.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares in the company, valued at approximately $3,794,068.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock valued at $2,545,967 in the last quarter. Company insiders own 30.12% of the company's stock.

Institutional Investors Weigh In On Sprinklr

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Sprinklr by 30.6% during the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company's stock valued at $187,105,000 after acquiring an additional 3,575,001 shares in the last quarter. Federated Hermes Inc. raised its position in Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company's stock valued at $16,320,000 after purchasing an additional 1,694,900 shares during the last quarter. Solel Partners LP boosted its stake in shares of Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company's stock valued at $35,526,000 after purchasing an additional 1,176,726 shares in the last quarter. Letko Brosseau & Associates Inc. grew its holdings in shares of Sprinklr by 63.5% during the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company's stock worth $20,494,000 after purchasing an additional 827,375 shares during the last quarter. Finally, 272 Capital LP acquired a new position in shares of Sprinklr in the second quarter valued at approximately $2,352,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Stock Performance

NYSE CXM traded up $0.11 during trading on Thursday, hitting $7.72. The stock had a trading volume of 1,495,877 shares, compared to its average volume of 2,236,513. Sprinklr has a 12 month low of $6.91 and a 12 month high of $17.14. The company's 50-day moving average price is $7.58 and its two-hundred day moving average price is $9.28. The company has a market capitalization of $1.96 billion, a PE ratio of 43.56, a P/E/G ratio of 2.27 and a beta of 0.76.

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

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.