Barclays Cuts Sprinklr (NYSE:CXM) Price Target to $11.00

Sprinklr (NYSE:CXMGet Rating) had its price objective dropped by analysts at Barclays from $12.00 to $11.00 in a research report issued on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 34.31% from the company’s current price.

A number of other research analysts have also weighed in on the stock. BTIG Research assumed coverage on shares of Sprinklr in a research report on Thursday, September 29th. They set a “buy” rating and a $12.00 price target on the stock. Morgan Stanley raised their price target on shares of Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Friday, September 9th. Finally, Citigroup raised their price target on shares of Sprinklr from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, September 15th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Sprinklr presently has an average rating of “Moderate Buy” and a consensus price target of $15.22.

Sprinklr Trading Down 1.7 %

Sprinklr stock opened at $8.19 on Friday. Sprinklr has a 1-year low of $7.73 and a 1-year high of $17.27. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of -18.61 and a beta of 0.82. The firm’s fifty day moving average price is $9.27 and its two-hundred day moving average price is $10.75.

Sprinklr (NYSE:CXMGet Rating) last released its quarterly earnings data on Thursday, September 8th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Sprinklr had a negative net margin of 20.66% and a negative return on equity of 20.08%. The firm had revenue of $150.60 million for the quarter, compared to analyst estimates of $147.45 million. During the same period last year, the firm earned ($0.20) earnings per share. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, research analysts forecast that Sprinklr will post -0.32 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Daniel P. Haley sold 40,000 shares of the firm’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $8.97, for a total transaction of $358,800.00. Following the completion of the sale, the general counsel now owns 100,000 shares in the company, valued at $897,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Manish Sarin sold 3,931 shares of Sprinklr stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $10.21, for a total value of $40,135.51. Following the completion of the transaction, the chief financial officer now owns 559,015 shares in the company, valued at $5,707,543.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Daniel P. Haley sold 40,000 shares of Sprinklr stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $8.97, for a total transaction of $358,800.00. Following the completion of the transaction, the general counsel now owns 100,000 shares of the company’s stock, valued at approximately $897,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,520 shares of company stock worth $735,718. Insiders own 43.75% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Several large investors have recently modified their holdings of the business. Fred Alger Management LLC increased its stake in shares of Sprinklr by 180.6% in the third quarter. Fred Alger Management LLC now owns 579,595 shares of the company’s stock worth $5,344,000 after purchasing an additional 373,005 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Sprinklr by 172.1% in the third quarter. Alliancebernstein L.P. now owns 43,893 shares of the company’s stock worth $405,000 after purchasing an additional 27,763 shares in the last quarter. Algert Global LLC grew its stake in Sprinklr by 411.4% during the third quarter. Algert Global LLC now owns 181,387 shares of the company’s stock valued at $1,672,000 after acquiring an additional 145,916 shares in the last quarter. TFG Asset Management GP Ltd grew its stake in Sprinklr by 166.7% during the third quarter. TFG Asset Management GP Ltd now owns 2,000,000 shares of the company’s stock valued at $18,440,000 after acquiring an additional 1,250,000 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Sprinklr during the third quarter valued at approximately $248,000. Hedge funds and other institutional investors own 53.95% of the company’s stock.

Sprinklr Company Profile

(Get Rating)

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.

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