Sprinklr (NYSE:CXM) Downgraded by DA Davidson to Neutral

DA Davidson lowered shares of Sprinklr (NYSE:CXM) from a buy rating to a neutral rating in a report published on Thursday morning, MarketBeat Ratings reports. They currently have $9.00 target price on the stock, down from their prior target price of $16.00.

Several other analysts have also commented on CXM. Wells Fargo & Company increased their price objective on Sprinklr from $12.00 to $14.00 and gave the company an equal weight rating in a report on Thursday, March 28th. Rosenblatt Securities raised their price target on Sprinklr from $16.00 to $18.00 and gave the stock a buy rating in a report on Thursday, March 28th. William Blair reaffirmed an outperform rating on shares of Sprinklr in a research report on Monday, April 22nd. Cantor Fitzgerald reiterated an overweight rating and issued a $16.00 target price on shares of Sprinklr in a research note on Thursday, March 28th. Finally, Oppenheimer restated a market perform rating on shares of Sprinklr in a research note on Thursday, March 28th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Sprinklr presently has an average rating of Hold and an average price target of $12.90.

Sprinklr Price Performance

CXM opened at $8.92 on Thursday. The firm has a market capitalization of $2.44 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84. The business’s 50-day moving average is $11.81 and its two-hundred day moving average is $12.48. Sprinklr has a 1 year low of $8.33 and a 1 year high of $17.14.

Sprinklr (NYSE:CXM) last issued its quarterly earnings data on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. The firm had revenue of $194.21 million for the quarter, compared to the consensus estimate of $188.50 million. As a group, sell-side analysts expect that Sprinklr will post 0.19 EPS for the current year.

Insider Activity at Sprinklr

In other Sprinklr news, General Counsel Jacob Scott sold 16,602 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $216,324.06. Following the sale, the general counsel now directly owns 197,994 shares of the company’s stock, valued at approximately $2,579,861.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction on 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 directly owns 491,862 shares in the company, valued at approximately $5,735,110.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Jacob Scott sold 16,602 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $216,324.06. Following 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. Insiders sold 495,273 shares of company stock worth $6,083,127 over the last three months. Company insiders own 30.12% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Hedge funds have recently modified their holdings of the company. Mather Group LLC. acquired a new position in Sprinklr in the 1st quarter worth about $28,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Sprinklr during the 3rd quarter worth approximately $87,000. Quest Partners LLC purchased a new position in shares of Sprinklr during the 4th quarter valued at approximately $115,000. Victory Capital Management Inc. acquired a new stake in Sprinklr in the 3rd quarter valued at $146,000. Finally, D.A. Davidson & CO. acquired a new stake in Sprinklr in the 4th quarter valued at $161,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Company Profile

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.