Sprinklr (NYSE:CXM) Earns “Market Outperform” Rating from JMP Securities

Sprinklr (NYSE:CXM)‘s stock had its “market outperform” rating reaffirmed by investment analysts at JMP Securities in a report released on Monday, Benzinga reports. They currently have a $17.00 price target on the stock. JMP Securities’ price target would suggest a potential upside of 73.38% from the stock’s previous close.

A number of other brokerages have also commented on CXM. William Blair reiterated an “outperform” rating on shares of Sprinklr in a research note on Monday, April 22nd. Cantor Fitzgerald lowered shares of Sprinklr from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $10.00 in a research report on Thursday, June 6th. Stifel Nicolaus cut their price target on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, June 6th. KeyCorp assumed coverage on shares of Sprinklr in a research note on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price objective for the company. Finally, Rosenblatt Securities cut their price target on shares of Sprinklr from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.80.

Sprinklr Price Performance

Sprinklr stock opened at $9.81 on Monday. Sprinklr has a fifty-two week low of $8.33 and a fifty-two week high of $17.14. The firm has a market capitalization of $2.60 billion, a PE ratio of 46.69, a P/E/G ratio of 1.64 and a beta of 0.79. The company’s 50-day moving average is $10.88 and its 200-day moving average is $11.90.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. The business had revenue of $195.96 million for the quarter, compared to analyst estimates of $194.54 million. As a group, analysts expect that Sprinklr will post 0.19 EPS for the current year.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the stock in a transaction on 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 owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CMO Arun Pattabhiraman sold 52,401 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the transaction, the chief marketing officer now directly owns 491,862 shares in the company, valued at approximately $5,735,110.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder R David Tabors sold 319,405 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $12.10, for a total transaction of $3,864,800.50. The disclosure for this sale can be found here. Insiders sold 373,236 shares of company stock valued at $4,492,985 in the last quarter. Company insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after purchasing an additional 3,575,001 shares in the last quarter. Cadian Capital Management LP raised its position in shares of Sprinklr by 29.9% during the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after buying an additional 3,355,566 shares during the last quarter. Kettle Hill Capital Management LLC bought a new stake in shares of Sprinklr during the fourth quarter valued at approximately $12,889,000. Stanley Laman Group Ltd. raised 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 buying an additional 964,333 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Sprinklr by 19,023.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 710,832 shares of the company’s stock worth $8,722,000 after purchasing an additional 707,115 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

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.