Sprinklr (NYSE:CXM) PT Lowered to $17.00

Sprinklr (NYSE:CXMGet Free Report) had its price objective lowered by stock analysts at JMP Securities from $22.00 to $17.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price objective points to a potential upside of 56.83% from the stock’s previous close.

Several other research firms also recently weighed in on CXM. William Blair reiterated an “outperform” rating on shares of Sprinklr in a research report on Monday, April 22nd. DA Davidson downgraded shares of Sprinklr from a “buy” rating to a “neutral” rating and decreased their price target for the company from $16.00 to $9.00 in a research note on Thursday. Rosenblatt Securities increased their price objective on Sprinklr from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Wells Fargo & Company lifted their target price on Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Finally, Oppenheimer reissued a “market perform” rating on shares of Sprinklr in a research report on Thursday, March 28th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.10.

View Our Latest Research Report on Sprinklr

Sprinklr Stock Performance

Shares of Sprinklr stock opened at $10.84 on Thursday. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 60.23, a price-to-earnings-growth ratio of 2.06 and a beta of 0.84. The stock has a 50 day moving average price of $11.94 and a 200-day moving average price of $12.59. Sprinklr has a one year low of $10.61 and a one year high of $17.14.

Sprinklr (NYSE:CXMGet Free Report) last announced its earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. The business had revenue of $194.21 million for the quarter, compared to the consensus estimate of $188.50 million. Sell-side analysts predict that Sprinklr will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprinklr

In related news, CEO Ragy Thomas sold 11,742 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $152,998.26. Following the transaction, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at approximately $5,709,928.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Sprinklr news, CEO Ragy Thomas sold 11,742 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $152,998.26. Following the sale, the chief executive officer now owns 438,214 shares of the company’s stock, valued at approximately $5,709,928.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Manish Sarin sold 49,234 shares of Sprinklr stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $641,519.02. Following the sale, the chief financial officer now owns 595,712 shares of the company’s stock, valued at $7,762,127.36. The disclosure for this sale can be found here. Insiders sold a total of 495,273 shares of company stock worth $6,083,127 over the last three months. Corporate insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Mather Group LLC. purchased a new stake in Sprinklr in the first quarter valued at approximately $28,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sprinklr in the third quarter worth $87,000. Quest Partners LLC purchased a new position in shares of Sprinklr during the fourth quarter worth $115,000. Victory Capital Management Inc. purchased a new position in shares of Sprinklr during the 3rd quarter valued at about $146,000. Finally, D.A. Davidson & CO. purchased a new stake in Sprinklr in the 4th quarter worth approximately $161,000. 40.19% of the stock is owned by institutional investors and hedge funds.

About Sprinklr

(Get Free Report)

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.

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