Sprinklr (NYSE:CXM) Receives New Coverage from Analysts at Rosenblatt Securities

Rosenblatt Securities assumed coverage on shares of Sprinklr (NYSE:CXMFree Report) in a research note released on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $16.00 target price on the stock.

Several other analysts have also recently commented on the company. Morgan Stanley reduced their price target on Sprinklr from $18.00 to $16.00 and set an equal weight rating for the company in a report on Friday, December 8th. TheStreet cut Sprinklr from a c- rating to a d+ rating in a report on Thursday, December 28th. JMP Securities reduced their price target on Sprinklr from $24.00 to $22.00 and set a market outperform rating for the company in a report on Thursday, December 7th. Cantor Fitzgerald reduced their price objective on Sprinklr from $21.00 to $16.00 and set an overweight rating for the company in a report on Thursday, December 7th. Finally, BTIG Research cut Sprinklr from a buy rating to a neutral rating in a report on Thursday, December 7th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $16.15.

View Our Latest Stock Report on Sprinklr

Sprinklr Trading Up 1.0 %

Shares of CXM stock opened at $12.56 on Tuesday. The business’s 50 day moving average is $12.55 and its two-hundred day moving average is $13.69. Sprinklr has a twelve month low of $9.79 and a twelve month high of $17.14. The company has a market capitalization of $3.44 billion, a P/E ratio of 114.19, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88.

Sprinklr (NYSE:CXMGet Free Report) last announced its earnings results on Wednesday, December 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). Sprinklr had a net margin of 4.21% and a return on equity of 4.96%. The company had revenue of $186.33 million during the quarter, compared to analysts’ expectations of $180.42 million. During the same quarter last year, the business posted ($0.02) earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities analysts predict that Sprinklr will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, CEO Ragy Thomas sold 16,181 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $11.48, for a total transaction of $185,757.88. Following the transaction, the chief executive officer now owns 449,956 shares in the company, valued at $5,165,494.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Sprinklr news, CEO Ragy Thomas sold 16,181 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $11.48, for a total transaction of $185,757.88. Following the transaction, the chief executive officer now owns 449,956 shares in the company, valued at $5,165,494.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Manish Sarin sold 60,651 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $12.01, for a total value of $728,418.51. Following the completion of the transaction, the chief financial officer now owns 644,946 shares in the company, valued at approximately $7,745,801.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 299,697 shares of company stock valued at $4,116,078. Company insiders own 40.29% of the company’s stock.

Institutional Trading of Sprinklr

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings 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 purchasing an additional 1,399,510 shares during the last quarter. Cadian Capital Management LP grew its holdings in shares of Sprinklr by 14.7% during the third quarter. Cadian Capital Management LP now owns 11,204,601 shares of the company’s stock valued at $155,072,000 after purchasing an additional 1,434,907 shares during the last quarter. Sixth Street Partners Management Company L.P. bought a new position in shares of Sprinklr during the second quarter valued at approximately $94,980,000. BlackRock Inc. grew its holdings in shares of Sprinklr by 302.9% during the second quarter. BlackRock Inc. now owns 6,344,527 shares of the company’s stock valued at $87,745,000 after purchasing an additional 4,769,625 shares during the last quarter. Finally, Praesidium Investment Management Company LLC grew its holdings in shares of Sprinklr by 31.4% during the second quarter. Praesidium Investment Management Company LLC now owns 4,728,006 shares of the company’s stock valued at $65,388,000 after purchasing an additional 1,129,318 shares during the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

About Sprinklr

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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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