Sprinklr’s (CXM) Outperform Rating Reiterated at William Blair

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

Several other research firms also recently issued reports on CXM. Oppenheimer reiterated a market perform rating on shares of Sprinklr in a report on Thursday, March 28th. DA Davidson restated a buy rating and set a $16.00 price target on shares of Sprinklr in a report on Monday, April 1st. Wells Fargo & Company upped their price target on Sprinklr from $12.00 to $14.00 and gave the stock an equal weight rating in a report on Thursday, March 28th. Rosenblatt Securities upped their price target on Sprinklr from $16.00 to $18.00 and gave the stock a buy rating in a report on Thursday, March 28th. Finally, KeyCorp initiated coverage on Sprinklr in a report on Thursday, March 21st. They set an overweight rating and a $19.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr currently has an average rating of Moderate Buy and an average price target of $16.90.

Sprinklr Trading Up 1.2 %

CXM stock opened at $11.98 on Monday. The company has a market capitalization of $3.27 billion, a PE ratio of 66.53, a P/E/G ratio of 2.20 and a beta of 0.87. Sprinklr has a 12-month low of $10.93 and a 12-month high of $17.14. The business’s fifty day moving average price is $12.59 and its 200 day moving average price is $13.01.

Sprinklr (NYSE:CXM) last posted its quarterly earnings data on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The firm had revenue of $194.21 million for the quarter, compared to the consensus estimate of $188.50 million. Sprinklr had a return on equity of 8.15% and a net margin of 7.02%. Research analysts predict that Sprinklr will post 0.17 EPS for the current fiscal year.

Insider Transactions at Sprinklr

In other news, major shareholder R David Tabors sold 319,405 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $12.10, for a total transaction of $3,864,800.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder R David Tabors sold 319,405 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $12.10, for a total transaction of $3,864,800.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Arun Pattabhiraman sold 27,859 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $363,002.77. Following the completion of the sale, the chief marketing officer now directly owns 382,101 shares of the company’s stock, valued at $4,978,776.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 495,513 shares of company stock valued at $6,087,581. 40.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Sprinklr

A number of large investors have recently made changes to their positions in CXM. RiverPark Advisors LLC acquired a new stake in shares of Sprinklr in the 3rd quarter valued at about $27,000. Mather Group LLC. acquired a new stake in shares of Sprinklr in the 1st quarter valued at about $28,000. BluePath Capital Management LLC acquired a new stake in shares of Sprinklr in the 3rd quarter valued at about $30,000. Castleview Partners LLC acquired a new stake in shares of Sprinklr in the 3rd quarter valued at about $38,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Sprinklr in the 3rd quarter valued at about $87,000. 40.19% of the stock is owned by institutional investors and hedge funds.

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.