Sprinklr (NYSE:CXM) Price Target Cut to $8.00

Sprinklr (NYSE:CXM) had its target price cut by Wells Fargo & Company from $9.00 to $8.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus cut their target price on shares of Sprinklr from $15.00 to $9.00 and set a hold rating for the company in a research note on Thursday, June 6th. Barclays dropped their price objective on shares of Sprinklr from $11.00 to $10.00 and set an overweight rating for the company in a research note on Thursday. KeyCorp dropped their price objective on shares of Sprinklr from $16.00 to $12.00 and set an overweight rating for the company in a research note on Thursday. JMP Securities restated a market outperform rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Monday, July 1st. Finally, DA Davidson dropped their price objective on shares of Sprinklr from $9.00 to $8.00 and set a neutral rating for the company in a research note on Thursday. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Sprinklr has an average rating of Hold and a consensus price target of $10.30.

Sprinklr Trading Down 1.0 %

Shares of Sprinklr stock opened at $7.71 on Thursday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 1.53 and a beta of 0.78. Sprinklr has a 1 year low of $7.61 and a 1 year high of $17.14. The company’s fifty day simple moving average is $9.19 and its 200-day simple moving average is $10.83.

Insiders Place Their Bets

In other Sprinklr news, insider Diane Adams sold 13,717 shares of the stock in a transaction dated Monday, July 15th. The shares were 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 of the company’s stock, valued at approximately $3,636,042.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 15,962 shares of company stock valued at $148,000 in the last 90 days. 30.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in shares of Sprinklr by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after purchasing an additional 1,117 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Sprinklr by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock valued at $580,000 after purchasing an additional 1,700 shares during the last quarter. Jump Financial LLC boosted its stake in shares of Sprinklr by 5.0% in the 4th quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock valued at $478,000 after purchasing an additional 1,875 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares during the last quarter. 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.