Sprinklr (NYSE:CXM) Given “Market Outperform” Rating at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Sprinklr (NYSE:CXM) in a research report released on Friday morning,Benzinga reports. The brokerage currently has a $17.00 price target on the stock.

Other equities research analysts have also issued reports about the stock. Cantor Fitzgerald started coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They set a “neutral” rating and a $8.00 price target for the company. Morgan Stanley raised their price target on shares of Sprinklr from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday, June 5th. Scotiabank raised their price target on shares of Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, March 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $12.00 price target on shares of Sprinklr in a report on Thursday, June 5th. Finally, Wells Fargo & Company raised their price target on shares of Sprinklr from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Sprinklr currently has a consensus rating of “Hold” and a consensus price target of $10.25.

Sprinklr Stock Down 2.6%

Sprinklr stock opened at $8.19 on Friday. Sprinklr has a 52-week low of $6.75 and a 52-week high of $10.27. The firm has a fifty day moving average of $8.12 and a 200-day moving average of $8.42. The firm has a market capitalization of $2.12 billion, a P/E ratio of 19.96, a PEG ratio of 1.85 and a beta of 0.81.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $205.50 million during the quarter, compared to analyst estimates of $201.83 million. Sprinklr had a net margin of 13.57% and a return on equity of 6.86%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, research analysts expect that Sprinklr will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling at Sprinklr

In other news, major shareholder Roger H. Lee sold 285,439 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $8.68, for a total value of $2,477,610.52. Following the transaction, the insider now directly owns 229,360 shares in the company, valued at approximately $1,990,844.80. This trade represents a 55.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Neeraj Agrawal sold 378,940 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $8.76, for a total transaction of $3,319,514.40. Following the completion of the transaction, the director now owns 321,304 shares in the company, valued at approximately $2,814,623.04. The trade was a 54.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,291,523 shares of company stock worth $34,887,576 in the last ninety days. 60.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of Sprinklr by 209.5% in the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock worth $31,000 after buying an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after acquiring an additional 1,928 shares during the period. Ancora Advisors LLC acquired a new stake in shares of Sprinklr in the 4th quarter worth about $34,000. Quarry LP increased its holdings in shares of Sprinklr by 5,071.8% in the 1st quarter. Quarry LP now owns 7,706 shares of the company’s stock worth $64,000 after acquiring an additional 7,557 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in shares of Sprinklr in the 4th quarter worth about $92,000. 40.19% of the stock is currently owned by 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.