Sprinklr, Inc. (NYSE:CXM) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Sprinklr, Inc. (NYSE:CXMGet Rating) have been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $16.07.

CXM has been the subject of several research reports. JMP Securities reduced their price objective on Sprinklr from $27.00 to $22.00 and set a “market outperform” rating for the company in a research note on Thursday, April 7th. Citigroup reduced their price objective on Sprinklr from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, June 16th. JPMorgan Chase & Co. decreased their target price on Sprinklr from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, June 15th. Barclays raised their target price on Sprinklr from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 15th. Finally, Stifel Nicolaus decreased their target price on Sprinklr from $18.00 to $15.00 in a research report on Wednesday, June 15th.

Shares of NYSE CXM opened at $10.27 on Thursday. The stock has a fifty day moving average price of $12.15 and a two-hundred day moving average price of $12.56. The firm has a market cap of $2.64 billion and a P/E ratio of -18.67. Sprinklr has a 1 year low of $9.41 and a 1 year high of $26.50.

Sprinklr (NYSE:CXMGet Rating) last issued its quarterly earnings results on Tuesday, June 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $144.98 million during the quarter, compared to analyst estimates of $140.96 million. Sprinklr had a negative return on equity of 21.64% and a negative net margin of 23.69%. The firm’s revenue was up 30.6% on a year-over-year basis. On average, analysts predict that Sprinklr will post -0.41 EPS for the current year.

In other Sprinklr news, CMO Arun Pattabhiraman sold 17,812 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $10.18, for a total transaction of $181,326.16. Following the transaction, the chief marketing officer now directly owns 352,863 shares in the company, valued at $3,592,145.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Diane Adams sold 2,759 shares of the firm’s stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $10.18, for a total value of $28,086.62. Following the transaction, the insider now owns 113,998 shares in the company, valued at $1,160,499.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,158,258 shares of company stock valued at $16,879,804. 43.75% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. 12 West Capital Management LP increased its stake in shares of Sprinklr by 152.8% in the fourth quarter. 12 West Capital Management LP now owns 5,820,639 shares of the company’s stock worth $92,374,000 after purchasing an additional 3,517,844 shares during the period. Wellington Management Group LLP increased its stake in shares of Sprinklr by 231.4% in the third quarter. Wellington Management Group LLP now owns 4,637,386 shares of the company’s stock worth $80,274,000 after purchasing an additional 3,238,186 shares during the period. Cadian Capital Management LP increased its stake in shares of Sprinklr by 185.6% in the first quarter. Cadian Capital Management LP now owns 4,564,486 shares of the company’s stock worth $54,317,000 after purchasing an additional 2,966,155 shares during the period. Vanguard Group Inc. increased its stake in shares of Sprinklr by 180.0% in the first quarter. Vanguard Group Inc. now owns 4,611,375 shares of the company’s stock worth $54,875,000 after purchasing an additional 2,964,701 shares during the period. Finally, EDBI Pte Ltd bought a new position in shares of Sprinklr in the fourth quarter worth about $17,628,000. Institutional investors own 30.22% of the company’s stock.

Sprinklr Company Profile (Get Rating)

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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