Sprinklr (NYSE:CXM) Stock Rating Reaffirmed by William Blair

William Blair reissued their outperform rating on shares of Sprinklr (NYSE:CXM) in a report issued on Monday morning, RTT News reports.

CXM has been the subject of a number of other reports. Oppenheimer restated a market perform rating on shares of Sprinklr in a research report on Thursday, March 28th. Cantor Fitzgerald reaffirmed an overweight rating and set a $16.00 price objective on shares of Sprinklr in a report on Thursday, March 28th. TheStreet downgraded shares of Sprinklr from a c- rating to a d+ rating in a report on Thursday, December 28th. Rosenblatt Securities lifted their price objective on shares of Sprinklr from $16.00 to $18.00 and gave the stock a buy rating in a report on Thursday, March 28th. Finally, DA Davidson reaffirmed a buy rating and set a $16.00 price objective on shares of Sprinklr in a report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $16.90.

Sprinklr Price Performance

CXM opened at $11.84 on Monday. The company has a fifty day moving average price of $12.57 and a 200-day moving average price of $13.00. The firm has a market capitalization of $3.23 billion, a P/E ratio of 65.75, a price-to-earnings-growth ratio of 2.28 and a beta of 0.87. Sprinklr has a one year low of $10.93 and a one year high of $17.14.

Sprinklr (NYSE:CXM) last released 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. The firm had revenue of $194.21 million during the quarter, compared to analyst estimates of $188.50 million. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. On average, analysts expect that Sprinklr will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the sale, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $152,998.26. Following the completion of the sale, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Manish Sarin sold 49,234 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 $641,519.02. Following the transaction, the chief financial officer now directly owns 595,712 shares of the company’s stock, valued at $7,762,127.36. The disclosure for this sale can be found here. Insiders sold 495,513 shares of company stock valued at $6,087,581 over the last three months. Insiders own 40.29% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Several hedge funds and other institutional investors have recently modified their holdings of CXM. RiverPark Advisors LLC bought a new position in shares of Sprinklr during the third quarter valued at about $27,000. Mather Group LLC. bought a new position in shares of Sprinklr during the first quarter valued at about $28,000. BluePath Capital Management LLC bought a new position in shares of Sprinklr during the third quarter valued at about $30,000. Castleview Partners LLC bought a new position in shares of Sprinklr during the third quarter valued at about $38,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Sprinklr during the third quarter valued at about $87,000. 40.19% of the stock is 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.