Sprinklr (NYSE:CXM) PT Lowered to $10.00 at Barclays

Sprinklr (NYSE:CXM) had its price objective trimmed by Barclays from $11.00 to $10.00 in a report published on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages also recently commented on CXM. Morgan Stanley lowered their price objective on Sprinklr from $12.00 to $10.00 and set an equal weight rating for the company in a research note on Thursday. JMP Securities reissued a market outperform rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Monday, July 1st. DA Davidson lowered their price objective on Sprinklr from $9.00 to $8.00 and set a neutral rating for the company in a research note on Thursday. Stifel Nicolaus lowered their price objective on Sprinklr from $15.00 to $9.00 and set a hold rating for the company in a research note on Thursday, June 6th. Finally, Wells Fargo & Company lowered their price objective on Sprinklr from $10.00 to $9.00 and set an equal weight rating for the company in a research note on Friday, June 21st. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $10.30.

Sprinklr Stock Performance

CXM stock opened at $7.71 on Thursday. The stock’s 50 day simple moving average is $9.19 and its 200 day simple moving average is $10.84. Sprinklr has a fifty-two week low of $7.61 and a fifty-two week high of $17.14. The company has a market cap of $2.04 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.78.

Sprinklr (NYSE:CXM) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.04 EPS for the quarter, topping 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%. Equities analysts predict that Sprinklr will post 0.19 earnings per share for the current year.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, insider Diane Adams sold 13,717 shares of the firm’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 sale, the insider now owns 395,222 shares in the company, valued at $3,636,042.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 15,962 shares of company stock worth $148,000 over the last 90 days. Corporate insiders own 30.12% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

A number of large investors have recently added to or reduced their stakes in CXM. Vanguard Group Inc. raised its position in Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after purchasing an additional 3,575,001 shares in the last quarter. Cadian Capital Management LP raised its position in Sprinklr by 29.9% during the fourth 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 in the last quarter. Federated Hermes Inc. raised its position in Sprinklr by 107,818.1% during the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock valued at $16,320,000 after purchasing an additional 1,694,900 shares in the last quarter. Solel Partners LP raised its position in Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after purchasing an additional 1,176,726 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. grew its stake in shares of Sprinklr by 63.5% during the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after buying an additional 827,375 shares during the last quarter. Hedge funds and other institutional investors 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.