Sprinklr, Inc. (NYSE:CXM) Given Average Rating of “Moderate Buy” by Analysts

Sprinklr, Inc. (NYSE:CXMGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $16.15.

Several equities analysts have recently weighed in 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 research report on Friday, December 8th. Cantor Fitzgerald cut 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. JMP Securities cut their price objective on Sprinklr from $24.00 to $22.00 and set a “market outperform” rating for the company in a report on Thursday, December 7th. Barclays cut their price objective on Sprinklr from $18.00 to $15.00 and set an “overweight” rating for the company in a report on Monday, December 11th. Finally, BTIG Research cut Sprinklr from a “buy” rating to a “neutral” rating in a report on Thursday, December 7th.

Get Our Latest Research Report on Sprinklr

Insider Transactions at Sprinklr

In other news, CRO Paul Ohls sold 32,351 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $11.48, for a total value of $371,389.48. Following the completion of the transaction, the executive now owns 720,164 shares of the company’s stock, valued at approximately $8,267,482.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CRO Paul Ohls sold 32,351 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $11.48, for a total value of $371,389.48. Following the completion of the transaction, the executive now owns 720,164 shares of the company’s stock, valued at approximately $8,267,482.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Arun Pattabhiraman sold 8,147 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $11.48, for a total value of $93,527.56. Following the completion of the transaction, the chief marketing officer now directly owns 410,860 shares of the company’s stock, valued at approximately $4,716,672.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 278,497 shares of company stock valued at $3,798,078. Corporate insiders own 40.29% of the company’s stock.

Institutional Trading of Sprinklr

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Formidable Asset Management LLC grew its stake in shares of Sprinklr by 5.3% in the 3rd quarter. Formidable Asset Management LLC now owns 17,935 shares of the company’s stock worth $248,000 after buying an additional 900 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Sprinklr by 4.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 23,564 shares of the company’s stock worth $326,000 after buying an additional 946 shares during the last quarter. UBS Group AG boosted its stake in Sprinklr by 23.4% during the 1st quarter. UBS Group AG now owns 5,862 shares of the company’s stock valued at $69,000 after purchasing an additional 1,111 shares during the last quarter. Citigroup Inc. boosted its stake in Sprinklr by 12.0% during the 4th quarter. Citigroup Inc. now owns 11,091 shares of the company’s stock valued at $91,000 after purchasing an additional 1,185 shares during the last quarter. Finally, FMR LLC boosted its stake in Sprinklr by 126.1% during the 1st quarter. FMR LLC now owns 2,661 shares of the company’s stock valued at $34,000 after purchasing an additional 1,484 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Stock Down 2.1 %

Shares of NYSE:CXM opened at $12.78 on Tuesday. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 116.19, a PEG ratio of 3.00 and a beta of 0.88. Sprinklr has a 12-month low of $9.79 and a 12-month high of $17.14. The business’s 50 day moving average is $12.30 and its 200 day moving average is $13.67.

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

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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