Sprinklr’s (CXM) “Neutral” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their neutral rating on shares of Sprinklr (NYSE:CXM) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $9.00 target price on the stock.

Other equities research analysts have also issued research reports about the company. Scotiabank began coverage on Sprinklr in a research note on Tuesday, November 19th. They issued a “sector perform” rating and a $7.70 target price for the company. Barclays lowered Sprinklr from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $10.00 to $7.00 in a research note on Monday, October 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.50 target price on shares of Sprinklr in a research note on Thursday. KeyCorp cut their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Finally, JMP Securities reiterated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Sprinklr has an average rating of “Hold” and an average target price of $9.97.

Sprinklr Price Performance

NYSE:CXM opened at $8.67 on Thursday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 54.19, a PEG ratio of 2.46 and a beta of 0.81. The business has a 50 day moving average of $7.62 and a 200 day moving average of $8.71. Sprinklr has a 1-year low of $6.91 and a 1-year high of $17.14.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate 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 net margin of 6.54% and a return on equity of 8.40%. As a group, sell-side analysts anticipate that Sprinklr will post 0.11 EPS for the current year.

Insider Buying and Selling

In other Sprinklr news, major shareholder Roger H. Lee sold 44,884 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $7.83, for a total transaction of $351,441.72. Following the completion of the transaction, the insider now owns 739,799 shares of the company’s stock, valued at approximately $5,792,626.17. This trade represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Arun Pattabhiraman sold 10,291 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the completion of the sale, the chief marketing officer now directly owns 448,947 shares in the company, valued at approximately $3,515,255.01. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 338,480 shares of company stock worth $2,545,967 in the last three months. 30.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

Hedge funds have recently bought and sold shares of the company. State Street Corp lifted its position in Sprinklr by 7.2% in the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after acquiring an additional 322,318 shares in the last quarter. Solel Partners LP lifted its holdings in shares of Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after purchasing an additional 1,176,726 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after buying an additional 295,638 shares during the last quarter. Letko Brosseau & Associates Inc. increased its holdings in Sprinklr by 63.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after buying an additional 827,375 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Sprinklr by 107,818.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after buying an additional 1,694,900 shares during the last quarter. Institutional investors own 40.19% of the company’s stock.

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.