Sprinklr (NYSE:CXM) Earns “Outperform” Rating from William Blair

Sprinklr (NYSE:CXM)‘s stock had its “outperform” rating reissued by William Blair in a report released on Monday, RTT News reports.

Other equities analysts have also issued research reports about the stock. KeyCorp began coverage on shares of Sprinklr in a report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $16.00 price target on shares of Sprinklr in a report on Thursday, March 28th. TheStreet cut Sprinklr from a “c-” rating to a “d+” rating in a report on Thursday, December 28th. Oppenheimer reissued a “market perform” rating on shares of Sprinklr in a research note on Thursday, March 28th. Finally, Rosenblatt Securities lifted their price target on shares of Sprinklr from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.90.

Sprinklr Stock Up 3.2 %

Shares of Sprinklr stock opened at $11.83 on Monday. The business has a fifty day simple moving average of $12.61 and a 200 day simple moving average of $13.02. The stock has a market cap of $3.23 billion, a PE ratio of 65.70, a price-to-earnings-growth ratio of 2.18 and a beta of 0.87. Sprinklr has a 12 month low of $10.93 and a 12 month high of $17.14.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Sprinklr had a return on equity of 8.15% and a net margin of 7.02%. The company had revenue of $194.21 million during the quarter, compared to analysts’ expectations of $188.50 million. Analysts expect that Sprinklr will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $11.66, for a total transaction of $610,995.66. Following the transaction, the chief marketing officer now owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Arun Pattabhiraman sold 52,401 shares of Sprinklr stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the transaction, the chief marketing officer now owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Jacob Scott sold 16,602 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $216,324.06. Following the completion of the sale, the general counsel now directly owns 197,994 shares in the company, valued at $2,579,861.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 495,513 shares of company stock worth $6,087,581. Corporate insiders own 40.29% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CXM. Cadian Capital Management LP lifted its holdings in Sprinklr by 29.9% during the 4th quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after purchasing an additional 3,355,566 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Sprinklr by 13.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company’s stock worth $161,618,000 after buying an additional 1,399,510 shares during the last quarter. Kettle Hill Capital Management LLC bought a new stake in shares of Sprinklr during the 4th quarter worth about $12,889,000. Stanley Laman Group Ltd. grew its stake in Sprinklr by 1,185.6% in the 4th quarter. Stanley Laman Group Ltd. now owns 1,045,673 shares of the company’s stock valued at $12,590,000 after buying an additional 964,333 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Sprinklr by 228.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company’s stock valued at $14,104,000 after acquiring an additional 708,655 shares during the period. 40.19% of the stock is currently owned by institutional investors.

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.