Sprinklr (NYSE:CXM) Stock Rating Reaffirmed by William Blair

William Blair restated their outperform rating on shares of Sprinklr (NYSE:CXM) in a report issued on Monday, RTT News reports.

CXM has been the topic of several other reports. Rosenblatt Securities increased their price objective on shares of Sprinklr from $16.00 to $18.00 and gave the company a buy rating in a report on Thursday, March 28th. KeyCorp started coverage on shares of Sprinklr in a report on Thursday, March 21st. They set an overweight rating and a $19.00 price objective on the stock. Cantor Fitzgerald reaffirmed an overweight rating and set a $16.00 price objective on shares of Sprinklr in a report on Thursday, March 28th. Oppenheimer reaffirmed a market perform rating on shares of Sprinklr in a report on Thursday, March 28th. Finally, DA Davidson reaffirmed a buy rating and set a $16.00 price objective on shares of Sprinklr in a report on Monday, April 1st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $16.90.

Sprinklr Stock Performance

Shares of NYSE CXM opened at $11.84 on Monday. The company’s fifty day moving average price is $12.57 and its 200 day moving average price is $13.00. Sprinklr has a 1 year low of $10.93 and a 1 year high of $17.14. The company has a market capitalization of $3.23 billion, a PE ratio of 65.75, a price-to-earnings-growth ratio of 2.28 and a beta of 0.87.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. The firm had revenue of $194.21 million for the quarter, compared to the consensus estimate of $188.50 million. On average, equities analysts expect that Sprinklr will post 0.17 EPS for the current year.

Insider Activity

In other news, CEO Ragy Thomas sold 11,742 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the sale, the chief executive officer now directly owns 438,214 shares in the company, valued at $5,709,928.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CMO Arun Pattabhiraman sold 52,401 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $11.66, for a total transaction of $610,995.66. Following the completion of the sale, the chief marketing officer now directly owns 491,862 shares in the company, valued at $5,735,110.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ragy Thomas sold 11,742 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $152,998.26. Following the sale, the chief executive officer now owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The disclosure for this sale can be found here. Insiders sold 495,513 shares of company stock worth $6,087,581 over the last three months. Insiders own 40.29% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cadian Capital Management LP increased its position in Sprinklr by 29.9% during the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock worth $175,304,000 after purchasing an additional 3,355,566 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Sprinklr by 13.6% during the third quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company’s stock valued at $161,618,000 after acquiring an additional 1,399,510 shares during the last quarter. TFG Asset Management GP Ltd increased its position in shares of Sprinklr by 15.8% during the fourth quarter. TFG Asset Management GP Ltd now owns 2,200,000 shares of the company’s stock valued at $26,488,000 after acquiring an additional 300,000 shares during the last quarter. Kettle Hill Capital Management LLC acquired a new stake in shares of Sprinklr during the fourth quarter valued at about $12,889,000. Finally, Stanley Laman Group Ltd. increased its position in shares of Sprinklr by 1,185.6% during the fourth quarter. Stanley Laman Group Ltd. now owns 1,045,673 shares of the company’s stock valued at $12,590,000 after acquiring an additional 964,333 shares during the last quarter. 40.19% of the stock is currently 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.