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

Sprinklr (NYSE:CXM)‘s stock had its “outperform” rating reaffirmed by equities researchers at William Blair in a research note issued to investors on Monday, RTT News reports.

Several other brokerages also recently weighed in on CXM. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $16.00 target price on shares of Sprinklr in a research report on Thursday, March 28th. 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 research report on Thursday, March 28th. DA Davidson reiterated a “buy” rating and set a $16.00 price objective on shares of Sprinklr in a research note on Monday, April 1st. Wells Fargo & Company raised their price target on shares of Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, March 28th. Finally, KeyCorp assumed coverage on shares of Sprinklr in a report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price objective on the stock. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.90.

Sprinklr Stock Performance

Shares of NYSE:CXM opened at $11.83 on Monday. The stock has a 50-day simple moving average of $12.61 and a 200-day simple moving average of $13.02. The stock has a market capitalization of $3.23 billion, a P/E ratio of 65.70, a PEG ratio of 2.18 and a beta of 0.87. Sprinklr has a 1 year low of $10.93 and a 1 year high of $17.14.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. The company had revenue of $194.21 million during the quarter, compared to the consensus estimate of $188.50 million. Analysts predict that Sprinklr will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $152,998.26. Following the sale, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ragy Thomas sold 11,742 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $152,998.26. Following the completion of the transaction, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Manish Sarin sold 49,234 shares of the firm’s 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 $641,519.02. Following the completion of the sale, the chief financial officer now directly owns 595,712 shares in the company, valued at approximately $7,762,127.36. The disclosure for this sale can be found here. Insiders have sold 495,513 shares of company stock worth $6,087,581 over the last ninety days. 40.29% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new position in shares of Sprinklr during the first quarter worth approximately $719,000. Windmill Hill Asset Management Ltd increased its holdings in shares of Sprinklr by 44.8% during the first quarter. Windmill Hill Asset Management Ltd now owns 85,649 shares of the company’s stock valued at $1,051,000 after purchasing an additional 26,509 shares during the period. Maryland State Retirement & Pension System bought a new stake in shares of Sprinklr during the first quarter valued at about $484,000. State of Alaska Department of Revenue acquired a new stake in Sprinklr in the first quarter worth about $883,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Sprinklr by 19,023.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 710,832 shares of the company’s stock valued at $8,722,000 after buying an additional 707,115 shares during the period. 40.19% of the stock is 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.