Sprinklr (NYSE:CXM) Stock Rating Reaffirmed by JMP Securities

Sprinklr (NYSE:CXM)‘s stock had its “market outperform” rating restated by equities researchers at JMP Securities in a report released on Monday, Benzinga reports. They presently have a $17.00 price target on the stock. JMP Securities’ target price suggests a potential upside of 73.38% from the stock’s current price.

Several other brokerages also recently weighed in on CXM. William Blair reiterated an “outperform” rating on shares of Sprinklr in a research note on Monday, April 22nd. Rosenblatt Securities reduced their price target on Sprinklr from $18.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Barclays reduced their price target on Sprinklr from $17.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. KeyCorp assumed coverage on Sprinklr in a report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price target for the company. Finally, Cantor Fitzgerald cut Sprinklr from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $10.00 in a report on Thursday, June 6th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.80.

Sprinklr Price Performance

NYSE:CXM opened at $9.81 on Monday. The stock’s 50 day moving average price is $10.88 and its 200 day moving average price is $11.90. The company has a market capitalization of $2.60 billion, a PE ratio of 46.69, a P/E/G ratio of 1.64 and a beta of 0.79. Sprinklr has a 52-week low of $8.33 and a 52-week high of $17.14.

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

Insider Activity

In other news, CMO Arun Pattabhiraman sold 52,401 shares of Sprinklr stock in a transaction on Friday, April 12th. The stock was sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the sale, the chief marketing officer now owns 491,862 shares of the company’s stock, valued at $5,735,110.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Sprinklr news, major shareholder R David Tabors sold 319,405 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $11.66, for a total value of $610,995.66. Following the transaction, the chief marketing officer now owns 491,862 shares in the company, valued at approximately $5,735,110.92. The disclosure for this sale can be found here. Insiders sold a total of 373,236 shares of company stock valued at $4,492,985 over the last quarter. Company insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Sprinklr during the first quarter worth about $494,000. Washington Harbour Partners LP acquired a new position in shares of Sprinklr in the first quarter worth about $1,227,000. Comerica Bank acquired a new position in shares of Sprinklr in the first quarter worth about $597,000. California State Teachers Retirement System lifted its stake in shares of Sprinklr by 4.3% in the first quarter. California State Teachers Retirement System now owns 119,751 shares of the company’s stock worth $1,469,000 after acquiring an additional 4,954 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of Sprinklr in the first quarter worth about $1,012,000. 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.