Sprinklr (NYSE:CXM) Now Covered by Analysts at Scotiabank

Scotiabank began coverage on shares of Sprinklr (NYSE:CXM) in a research note published on Tuesday morning, MarketBeat reports. The brokerage issued a sector perform rating and a $7.70 price objective on the stock.

Other equities analysts have also issued reports about the company. Citigroup reduced their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Wells Fargo & Company lowered Sprinklr from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. Rosenblatt Securities reduced their price target on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. DA Davidson reduced their price target on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald reduced their price target on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Sprinklr has an average rating of “Hold” and an average price target of $9.61.

Sprinklr Price Performance

NYSE CXM opened at $7.79 on Tuesday. The firm has a market capitalization of $1.97 billion, a P/E ratio of 43.25, a P/E/G ratio of 2.29 and a beta of 0.76. Sprinklr has a 1-year low of $6.91 and a 1-year high of $17.14. The business’s 50-day simple moving average is $7.51 and its 200-day simple moving average is $9.01.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. On average, equities research analysts expect that Sprinklr will post 0.11 EPS for the current fiscal year.

Insider Activity at Sprinklr

In related news, major shareholder Roger H. Lee sold 225,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. The trade was a 30.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Diane Adams sold 12,915 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total value of $101,124.45. Following the transaction, the insider now owns 376,942 shares of the company’s stock, valued at $2,951,455.86. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock worth $2,545,967 in the last 90 days. 30.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after acquiring an additional 295,638 shares during the period. Barclays PLC lifted its holdings in shares of Sprinklr by 283.7% in the third quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after buying an additional 179,661 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Sprinklr in the third quarter valued at $806,000. State Street Corp lifted its holdings in shares of Sprinklr by 7.2% in the third quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after buying an additional 322,318 shares during the period. Finally, Petrus Trust Company LTA lifted its holdings in shares of Sprinklr by 109.5% in the third quarter. Petrus Trust Company LTA now owns 88,178 shares of the company’s stock valued at $682,000 after buying an additional 46,093 shares during the period. Institutional investors and hedge funds 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.