Sprinklr, Inc. (NYSE:CXM) Receives $16.90 Consensus PT from Analysts

Shares of Sprinklr, Inc. (NYSE:CXM) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $16.90.

Several analysts have weighed in on the company. Rosenblatt Securities boosted their price target on Sprinklr from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. TheStreet downgraded Sprinklr from a “c-” rating to a “d+” rating in a research note on Thursday, December 28th. Oppenheimer reiterated a “market perform” rating on shares of Sprinklr in a research note on Thursday, March 28th. DA Davidson reiterated a “buy” rating and set a $16.00 price target on shares of Sprinklr in a research note on Monday, April 1st. Finally, KeyCorp initiated coverage on Sprinklr in a research note on Thursday, March 21st. They set an “overweight” rating and a $19.00 price target on the stock.

Sprinklr Price Performance

Shares of NYSE:CXM opened at $11.83 on Friday. The business’s 50-day moving average is $12.61 and its 200 day moving average is $13.02. Sprinklr has a 1 year low of $10.93 and a 1 year high of $17.14. The firm has a market capitalization of $3.23 billion, a P/E ratio of 65.70, a P/E/G ratio of 2.18 and a beta of 0.87.

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

Insider Activity at Sprinklr

In related news, CEO Ragy Thomas sold 11,742 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was 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 owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Ragy Thomas sold 11,742 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the transaction, 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 at this hyperlink. Also, General Counsel Jacob Scott sold 16,602 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $216,324.06. Following the completion of the transaction, the general counsel now owns 197,994 shares of the company’s stock, valued at $2,579,861.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 495,513 shares of company stock valued at $6,087,581. 40.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CXM. AE Wealth Management LLC purchased a new position in shares of Sprinklr during the third quarter worth $506,000. Mach 1 Financial Group LLC purchased a new position in Sprinklr in the third quarter valued at $489,000. Windmill Hill Asset Management Ltd purchased a new position in Sprinklr in the third quarter valued at $273,000. Robeco Institutional Asset Management B.V. purchased a new position in Sprinklr in the third quarter valued at $187,000. Finally, Bank of New York Mellon Corp boosted its holdings in Sprinklr by 228.3% in the third quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company’s stock valued at $14,104,000 after purchasing an additional 708,655 shares during the period. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Company Profile

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.