Sprinklr, Inc. (NYSE:CXM) Receives $16.41 Consensus Price Target from Analysts

Sprinklr, Inc. (NYSE:CXMGet Rating) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.07.

CXM has been the subject of several research analyst reports. Wells Fargo & Company boosted their price target on shares of Sprinklr from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, April 7th. Barclays upped their target price on shares of Sprinklr from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 15th. Morgan Stanley reduced their target price on shares of Sprinklr from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 15th. Citigroup reduced their target price on shares of Sprinklr from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, June 16th. Finally, JMP Securities reduced their target price on shares of Sprinklr from $27.00 to $22.00 and set a “market outperform” rating for the company in a research note on Thursday, April 7th.

CXM stock opened at $10.27 on Thursday. The company has a 50 day moving average price of $12.15 and a 200 day moving average price of $12.56. The stock has a market capitalization of $2.64 billion and a PE ratio of -18.67. Sprinklr has a fifty-two week low of $9.41 and a fifty-two week high of $26.50.

Sprinklr (NYSE:CXMGet Rating) last announced its quarterly earnings results on Tuesday, June 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Sprinklr had a negative net margin of 23.69% and a negative return on equity of 21.64%. The company had revenue of $144.98 million during the quarter, compared to analyst estimates of $140.96 million. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. On average, equities research analysts anticipate that Sprinklr will post -0.41 earnings per share for the current year.

In related news, major shareholder Corporate Investors Ix Lt H&F purchased 9,448,005 shares of the stock in a transaction on Monday, April 11th. The shares were purchased at an average cost of $14.79 per share, with a total value of $139,735,993.95. Following the acquisition, the insider now directly owns 10,861,506 shares in the company, valued at $160,641,673.74. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ragy Thomas sold 1,048,005 shares of the stock in a transaction dated Monday, April 11th. The shares were sold at an average price of $14.79, for a total transaction of $15,499,993.95. Following the completion of the transaction, the chief executive officer now directly owns 31,250 shares in the company, valued at $462,187.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,158,258 shares of company stock worth $16,879,804. 43.75% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in CXM. Bank of America Corp DE boosted its position in shares of Sprinklr by 388.7% during the 1st quarter. Bank of America Corp DE now owns 45,410 shares of the company’s stock worth $541,000 after acquiring an additional 36,118 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Sprinklr during the 1st quarter worth approximately $44,000. Royal Bank of Canada boosted its position in shares of Sprinklr by 117.2% during the 1st quarter. Royal Bank of Canada now owns 36,025 shares of the company’s stock worth $428,000 after acquiring an additional 19,438 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in shares of Sprinklr during the 1st quarter worth approximately $111,000. Finally, 12 West Capital Management LP boosted its position in shares of Sprinklr by 19.7% during the 1st quarter. 12 West Capital Management LP now owns 6,970,000 shares of the company’s stock worth $82,943,000 after acquiring an additional 1,149,361 shares in the last quarter. Hedge funds and other institutional investors own 30.22% of the company’s stock.

About Sprinklr (Get Rating)

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.

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