Sprinklr (NYSE:CXM) Rating Lowered to Underweight at Barclays

Barclays downgraded shares of Sprinklr (NYSE:CXM) from an overweight rating to an underweight rating in a report released on Monday, MarketBeat Ratings reports. The brokerage currently has $7.00 target price on the stock, down from their prior target price of $10.00.

A number of other equities research analysts have also issued reports on CXM. KeyCorp dropped their price target on Sprinklr from $16.00 to $12.00 and set an overweight rating for the company in a research report on Thursday, September 5th. DA Davidson dropped their target price on Sprinklr from $9.00 to $8.00 and set a neutral rating for the company in a report on Thursday, September 5th. Morgan Stanley reduced their price target on Sprinklr from $12.00 to $10.00 and set an equal weight rating on the stock in a report on Thursday, September 5th. Citigroup dropped their price objective on shares of Sprinklr from $11.00 to $9.00 and set a neutral rating for the company in a report on Thursday, September 5th. Finally, Rosenblatt Securities cut their price objective on shares of Sprinklr from $14.00 to $11.00 and set a buy rating for the company in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sprinklr presently has a consensus rating of Hold and a consensus target price of $10.00.

Sprinklr Stock Up 1.3 %

Shares of CXM opened at $7.15 on Monday. Sprinklr has a 52-week low of $6.91 and a 52-week high of $17.14. The stock has a market cap of $1.90 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 2.25 and a beta of 0.76. The firm’s fifty day moving average is $8.19 and its two-hundred day moving average is $9.92.

Sprinklr (NYSE:CXM) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The firm had revenue of $197.21 million for the quarter, compared to the consensus estimate of $194.58 million. As a group, research analysts anticipate that Sprinklr will post 0.11 earnings per share for the current year.

Insider Buying and Selling at Sprinklr

In other news, CMO Arun Pattabhiraman sold 10,291 shares of the company’s 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 $80,578.53. Following the transaction, the chief marketing officer now directly owns 448,947 shares in the company, valued at approximately $3,515,255.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Sprinklr 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 completion of the transaction, the insider now directly owns 514,799 shares of the company’s stock, valued at $3,794,068.63. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Arun Pattabhiraman sold 10,291 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $80,578.53. Following the sale, the chief marketing officer now owns 448,947 shares in the company, valued at $3,515,255.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 351,937 shares of company stock worth $2,675,185 over the last three months. Insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new position in Sprinklr in the 1st quarter valued at approximately $883,000. Virtu Financial LLC acquired a new stake in shares of Sprinklr in the fourth quarter valued at $173,000. SG Americas Securities LLC purchased a new position in Sprinklr in the second quarter valued at $553,000. Teachers Retirement System of The State of Kentucky acquired a new position in Sprinklr during the 1st quarter worth $494,000. Finally, Scalar Gauge Management LLC acquired a new position in Sprinklr during the 4th quarter worth $1,746,000. 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.