Sprinklr, Inc. (NYSE:CXM) Receives $12.80 Average Price Target from Brokerages

Shares of Sprinklr, Inc. (NYSE:CXM) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.80.

A number of research firms recently issued reports on CXM. Barclays decreased their target price on Sprinklr from $17.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. Morgan Stanley decreased their price target on Sprinklr from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. Wells Fargo & Company decreased their price target on Sprinklr from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. JMP Securities reiterated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Monday, July 1st. Finally, DA Davidson cut Sprinklr from a “buy” rating to a “neutral” rating and dropped their price target for the company from $16.00 to $9.00 in a research report on Thursday, June 6th.

Insider Activity at Sprinklr

In related news, insider Diane Adams sold 13,717 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $9.20, for a total value of $126,196.40. Following the sale, the insider now owns 395,222 shares of the company’s stock, valued at approximately $3,636,042.40. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 15,962 shares of company stock valued at $148,000. 30.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in shares of Sprinklr during the 1st quarter worth $28,000. CWM LLC lifted its position in shares of Sprinklr by 111.0% during the second quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after purchasing an additional 1,904 shares during the last quarter. Quest Partners LLC bought a new position in Sprinklr in the fourth quarter worth about $115,000. CIBC Asset Management Inc lifted its holdings in Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after acquiring an additional 1,694 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in shares of Sprinklr in the second quarter valued at approximately $148,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Stock Down 3.5 %

CXM opened at $8.86 on Tuesday. Sprinklr has a 52 week low of $8.33 and a 52 week high of $17.14. The business has a fifty day simple moving average of $9.59 and a 200-day simple moving average of $11.48. The firm has a market cap of $2.35 billion, a P/E ratio of 42.19, a P/E/G ratio of 1.63 and a beta of 0.79.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, June 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $195.96 million during the quarter, compared to analyst estimates of $194.54 million. Sprinklr had a return on equity of 9.26% and a net margin of 7.85%. Sell-side analysts expect that Sprinklr will post 0.19 earnings per share for the current 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.