Sprinklr (NYSE:CXM) Given New $9.00 Price Target at Cantor Fitzgerald

Sprinklr (NYSE:CXM) had its price target lowered by equities research analysts at Cantor Fitzgerald from $10.00 to $9.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 4.77% from the company’s previous close.

A number of other research firms have also recently issued reports on CXM. Wells Fargo & Company cut their price target on Sprinklr from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. Stifel Nicolaus reduced their target price on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Rosenblatt Securities lowered their price target on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday. Morgan Stanley decreased their price objective on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, JMP Securities restated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Monday, July 1st. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.50.

Sprinklr Trading Down 0.2 %

NYSE:CXM opened at $8.59 on Thursday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 40.90, a price-to-earnings-growth ratio of 1.53 and a beta of 0.79. Sprinklr has a 1 year low of $8.33 and a 1 year high of $17.14. The firm has a 50 day moving average of $9.26 and a 200-day moving average of $10.91.

Sprinklr (NYSE:CXM) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $195.96 million during the quarter, compared to the consensus estimate of $194.54 million. Sprinklr had a return on equity of 9.26% and a net margin of 7.85%. As a group, analysts forecast that Sprinklr will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at Sprinklr

In other news, insider Diane Adams sold 13,717 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.20, for a total transaction of $126,196.40. Following the completion of the transaction, the insider now directly owns 395,222 shares in the company, valued at approximately $3,636,042.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 15,962 shares of company stock valued at $148,000. 30.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Sprinklr by 31.4% in the 4th quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after buying an additional 3,322 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Sprinklr by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock valued at $10,905,000 after acquiring an additional 27,652 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in shares of Sprinklr in the fourth quarter worth about $4,395,000. Jump Financial LLC increased its holdings in shares of Sprinklr by 5.0% in the fourth quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock worth $478,000 after acquiring an additional 1,875 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of Sprinklr during the fourth quarter worth about $161,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.