Sprinklr (NYSE:CXM) Receives Outperform Rating from William Blair

William Blair restated their outperform rating on shares of Sprinklr (NYSE:CXM) in a research note issued to investors on Monday morning, RTT News reports.

Other analysts have also issued reports about the company. Wells Fargo & Company boosted their price target on Sprinklr from $12.00 to $14.00 and gave the company an equal weight rating in a report on Thursday, March 28th. TheStreet lowered Sprinklr from a c- rating to a d+ rating in a report on Thursday, December 28th. DA Davidson restated a buy rating and issued a $16.00 price target on shares of Sprinklr in a report on Monday, April 1st. Cantor Fitzgerald restated an overweight rating and issued a $16.00 price target on shares of Sprinklr in a report on Thursday, March 28th. Finally, KeyCorp started coverage on Sprinklr in a report on Thursday, March 21st. They issued an overweight rating and a $19.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $16.90.

Sprinklr Trading Up 1.1 %

CXM stock opened at $11.47 on Monday. The business’s 50-day moving average price is $12.62 and its two-hundred day moving average price is $13.03. The firm has a market cap of $3.13 billion, a PE ratio of 63.69, a P/E/G 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 posted its earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $194.21 million for the quarter, compared to analyst estimates of $188.50 million. Sprinklr had a return on equity of 8.15% and a net margin of 7.02%. On average, analysts forecast that Sprinklr will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In other Sprinklr news, General Counsel Jacob Scott sold 16,602 shares of the business’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 $216,324.06. Following the transaction, the general counsel now owns 197,994 shares of the company’s stock, valued at $2,579,861.82. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder R David Tabors sold 319,405 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $12.10, for a total value of $3,864,800.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Jacob Scott sold 16,602 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were 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 directly owns 197,994 shares in the company, valued at approximately $2,579,861.82. The disclosure for this sale can be found here. Insiders have sold a total of 495,513 shares of company stock valued at $6,087,581 over the last 90 days. 40.29% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sprinklr

Several institutional investors and hedge funds have recently made changes to their positions in the company. Windmill Hill Asset Management Ltd grew its position in shares of Sprinklr by 44.8% in 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 last quarter. Maryland State Retirement & Pension System acquired a new position in shares of Sprinklr in the first quarter valued at approximately $484,000. State of Alaska Department of Revenue acquired a new position in shares of Sprinklr in the first quarter valued at approximately $883,000. Allspring Global Investments Holdings LLC grew its position in shares of Sprinklr by 19,023.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 710,832 shares of the company’s stock valued at $8,722,000 after purchasing an additional 707,115 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Sprinklr by 79.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 33,416 shares of the company’s stock valued at $410,000 after purchasing an additional 14,816 shares during the last quarter. 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.