Morgan Stanley Trims Sprinklr (NYSE:CXM) Target Price to $12.00

Sprinklr (NYSE:CXMFree Report) had its price target reduced by Morgan Stanley from $16.00 to $12.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts also recently weighed in on the stock. William Blair reaffirmed an outperform rating on shares of Sprinklr in a report on Monday, April 22nd. Wells Fargo & Company upped their price objective on shares of Sprinklr from $12.00 to $14.00 and gave the stock an equal weight rating in a report on Thursday, March 28th. Cantor Fitzgerald downgraded shares of Sprinklr from an overweight rating to a neutral rating and reduced their price objective for the stock from $16.00 to $10.00 in a report on Thursday. KeyCorp started coverage on shares of Sprinklr in a report on Thursday, March 21st. They issued an overweight rating and a $19.00 price objective for the company. Finally, Rosenblatt Securities reduced their price objective on shares of Sprinklr from $18.00 to $14.00 and set a buy rating for the company in a report on Thursday. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $12.90.

View Our Latest Report on Sprinklr

Sprinklr Stock Performance

Sprinklr stock opened at $9.39 on Thursday. The company has a 50-day simple moving average of $11.88 and a 200-day simple moving average of $12.57. The firm has a market capitalization of $2.57 billion, a P/E ratio of 52.17, a P/E/G ratio of 2.06 and a beta of 0.84. Sprinklr has a one year low of $8.33 and a one year high of $17.14.

Sprinklr (NYSE:CXMGet Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The business had revenue of $194.21 million during the quarter, compared to analyst estimates of $188.50 million. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. As a group, sell-side analysts forecast that Sprinklr will post 0.17 earnings per share for the current year.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, CMO Arun Pattabhiraman sold 27,859 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $363,002.77. Following the completion of the sale, the chief marketing officer now directly owns 382,101 shares of the company’s stock, valued at approximately $4,978,776.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sprinklr news, CMO Arun Pattabhiraman sold 27,859 shares of the business’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 $363,002.77. Following the sale, the chief marketing officer now owns 382,101 shares in the company, valued at approximately $4,978,776.03. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder R David Tabors sold 319,405 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $12.10, for a total value of $3,864,800.50. The disclosure for this sale can be found here. In the last three months, insiders sold 495,273 shares of company stock valued at $6,083,127. 30.12% of the stock is owned by insiders.

Institutional Trading of Sprinklr

Several institutional investors and hedge funds have recently bought and sold shares of CXM. Mather Group LLC. acquired a new stake in Sprinklr during the 1st quarter worth about $28,000. DekaBank Deutsche Girozentrale acquired a new stake in Sprinklr during the 3rd quarter worth about $87,000. Quest Partners LLC acquired a new stake in Sprinklr during the 4th quarter worth about $115,000. Victory Capital Management Inc. acquired a new stake in Sprinklr during the 3rd quarter worth about $146,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Sprinklr in the 4th quarter valued at about $161,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

About Sprinklr

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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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Analyst Recommendations for Sprinklr (NYSE:CXM)

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