Sprinklr’s (CXM) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Sprinklr (NYSE:CXM) in a research report report published on Thursday, Benzinga reports. They currently have a $17.00 target price on the stock.

Several other analysts have also recently commented on the stock. Stifel Nicolaus lowered their target price on shares of Sprinklr from $15.00 to $9.00 and set a hold rating for the company in a research note on Thursday, June 6th. Morgan Stanley lowered their price objective on shares of Sprinklr from $12.00 to $10.00 and set an equal weight rating for the company in a research note on Thursday. DA Davidson lowered their price objective on shares of Sprinklr from $9.00 to $8.00 and set a neutral rating for the company in a research note on Thursday. Wells Fargo & Company lowered their price objective on shares of Sprinklr from $9.00 to $8.00 and set an equal weight rating for the company in a research note on Thursday. Finally, Cantor Fitzgerald lowered their price objective on shares of Sprinklr from $10.00 to $9.00 and set a neutral rating for the company in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $10.30.

Sprinklr Stock Performance

CXM stock opened at $7.71 on Thursday. The stock has a market capitalization of $2.04 billion, a P/E ratio of 36.71, a PEG ratio of 1.53 and a beta of 0.78. Sprinklr has a one year low of $7.61 and a one year high of $17.14. The company has a 50 day moving average price of $9.19 and a two-hundred day moving average price of $10.84.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, June 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $195.96 million during the quarter, compared to analysts’ expectations of $194.54 million. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. Research analysts forecast that Sprinklr will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Diane Adams sold 13,717 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40. Following the completion of the sale, the insider now directly owns 395,222 shares of the company’s stock, valued at approximately $3,636,042.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 15,962 shares of company stock valued at $148,000. Company insiders own 30.12% of the company’s stock.

Institutional Trading of Sprinklr

A number of institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in Sprinklr by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock worth $627,000 after buying an additional 1,117 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Sprinklr by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after buying an additional 1,700 shares in the last quarter. Jump Financial LLC lifted its holdings in Sprinklr by 5.0% in the 4th quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock worth $478,000 after buying an additional 1,875 shares in the last quarter. Finally, CWM LLC lifted its holdings in Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after buying an additional 1,904 shares in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Company Profile

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.