Sprinklr, Inc. (NYSE:CXM) Stock Has Average Target Price of $8.21 According to Analysts

Sprinklr, Inc. (NYSE:CXM) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $8.21.

Several analysts have recently weighed in on the company. Citizens Jmp restated a “market outperform” rating and issued a $11.00 price objective on shares of Sprinklr in a report on Monday, September 21st. Wall Street Zen raised Sprinklr from a “hold” rating to a “buy” rating in a report on Monday, October 19th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Sprinklr in a research report on Thursday, September 3rd. UBS Group set a $7.50 price target on shares of Sprinklr in a report on Thursday, September 3rd. Finally, Weiss Ratings raised shares of Sprinklr from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd.

Insider Activity at Sprinklr

In other news, insider Joy Corso sold 34,153 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total transaction of $189,549.15. Following the completion of the sale, the insider directly owned 1,141,463 shares of the company’s stock, valued at $6,335,119.65. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Jacob Scott sold 16,407 shares of Sprinklr stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $6.97, for a total value of $114,356.79. Following the completion of the transaction, the general counsel owned 534,326 shares in the company, valued at $3,724,252.22. The trade was a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 579,792 shares of company stock worth $3,272,601. 25.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Essential Partners LLC increased its position in shares of Sprinklr by 563.7% in the first quarter. Essential Partners LLC now owns 4,440 shares of the company’s stock worth $27,000 after acquiring an additional 3,771 shares in the last quarter. Summit Securities Group LLC raised its holdings in shares of Sprinklr by 210.8% during the first quarter. Summit Securities Group LLC now owns 4,572 shares of the company’s stock valued at $27,000 after acquiring an additional 3,101 shares during the period. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Sprinklr by 87.5% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 5,133 shares of the company’s stock valued at $25,000 after acquiring an additional 2,396 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Sprinklr in the 2nd quarter valued at approximately $31,000. Finally, Optiver Holding B.V. lifted its position in shares of Sprinklr by 3,311.2% in the 1st quarter. Optiver Holding B.V. now owns 6,993 shares of the company’s stock valued at $42,000 after acquiring an additional 6,788 shares in the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Stock Up 2.0%

CXM stock opened at $6.84 on Monday. The company has a 50-day simple moving average of $6.03 and a 200 day simple moving average of $5.85. The company has a market capitalization of $1.59 billion, a P/E ratio of 68.46 and a beta of 0.67. Sprinklr has a fifty-two week low of $4.72 and a fifty-two week high of $8.27.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, September 2nd. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The firm had revenue of $213.74 million for the quarter, compared to analysts’ expectations of $214.45 million. During the same quarter last year, the company earned $0.13 EPS. Sprinklr’s quarterly revenue was up .8% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. Equities analysts anticipate that Sprinklr will post 0.23 EPS for the current year.

About Sprinklr

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