Sprinklr (NYSE:CXM) Now Covered by Scotiabank

Scotiabank assumed coverage on shares of Sprinklr (NYSE:CXM) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The brokerage issued a sector perform rating and a $7.70 price target on the stock.

CXM has been the topic of a number of other reports. Rosenblatt Securities cut their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. DA Davidson dropped their price target on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. JMP Securities reissued a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. Barclays lowered Sprinklr from an “overweight” rating to an “underweight” rating and dropped their price target for the company from $10.00 to $7.00 in a research report on Monday, October 7th. Finally, KeyCorp dropped their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Sprinklr presently has a consensus rating of “Hold” and a consensus target price of $9.61.

Sprinklr Stock Up 0.3 %

Shares of Sprinklr stock opened at $7.79 on Tuesday. The stock’s fifty day moving average is $7.51 and its 200-day moving average is $9.01. The firm has a market capitalization of $1.97 billion, a PE ratio of 43.25, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76. Sprinklr has a 12-month low of $6.91 and a 12-month high of $17.14.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. Analysts expect that Sprinklr will post 0.11 EPS for the current year.

Insider Activity at Sprinklr

In other news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the transaction, the insider now directly owns 514,799 shares in the company, valued at approximately $3,794,068.63. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ragy Thomas sold 12,902 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $101,022.66. Following the sale, the chief executive officer now owns 1,051,182 shares of the company’s stock, valued at approximately $8,230,755.06. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 338,480 shares of company stock valued at $2,545,967. Corporate insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CXM. The Manufacturers Life Insurance Company increased its position in Sprinklr by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock worth $627,000 after acquiring an additional 1,117 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after purchasing an additional 1,694 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Sprinklr by 2.9% during the second quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock valued at $580,000 after buying an additional 1,700 shares during the last quarter. CWM LLC grew its position in Sprinklr by 111.0% during the second 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. Finally, Commonwealth Equity Services LLC increased its stake in Sprinklr by 12.0% during the second quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock valued at $220,000 after acquiring an additional 2,450 shares during the period. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.