Sprinklr (NYSE:CXM) Stock Rating Upgraded by Scotiabank

Scotiabank upgraded shares of Sprinklr (NYSE:CXM) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

CXM has been the topic of a number of other research reports. Morgan Stanley decreased their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Thursday, September 5th. Citigroup reduced their target price on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Barclays lowered shares of 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 note on Monday, October 7th. Finally, Cantor Fitzgerald dropped their price target on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.61.

Sprinklr Stock Up 2.9 %

Sprinklr stock opened at $8.05 on Monday. Sprinklr has a 52-week low of $6.91 and a 52-week high of $17.14. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 44.70, a PEG ratio of 2.32 and a beta of 0.76. The company has a fifty day simple moving average of $7.52 and a 200-day simple moving average of $8.99.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $194.58 million. On average, research analysts anticipate that Sprinklr will post 0.11 EPS for the current fiscal year.

Insider Activity at Sprinklr

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Diane Adams sold 4,282 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $33,528.06. Following the completion of the sale, the insider now directly owns 390,940 shares of the company’s stock, valued at approximately $3,061,060.20. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 338,480 shares of company stock worth $2,545,967 in the last three months. Insiders own 30.12% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

A number of hedge funds and other institutional investors have recently bought and sold shares of CXM. Geode Capital Management LLC raised its stake in shares of Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after buying an additional 295,638 shares during the last quarter. Barclays PLC raised its stake in shares of Sprinklr by 283.7% during the 3rd quarter. Barclays PLC now owns 242,990 shares of the company’s stock worth $1,878,000 after buying an additional 179,661 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Sprinklr during the 3rd quarter worth $806,000. State Street Corp raised its stake in shares of Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after buying an additional 322,318 shares during the last quarter. Finally, Petrus Trust Company LTA raised its stake in shares of Sprinklr by 109.5% during the 3rd quarter. Petrus Trust Company LTA now owns 88,178 shares of the company’s stock worth $682,000 after buying an additional 46,093 shares during the last quarter. 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.