Sprinklr (NYSE:CXM) PT Lowered to $11.00 at Rosenblatt Securities

Sprinklr (NYSE:CXM) had its price target cut by Rosenblatt Securities from $14.00 to $11.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the company. DA Davidson lowered Sprinklr from a buy rating to a neutral rating and cut their target price for the company from $16.00 to $9.00 in a research note on Thursday, June 6th. Morgan Stanley cut their target price on Sprinklr from $16.00 to $12.00 and set an equal weight rating on the stock in a research note on Thursday, June 6th. Wells Fargo & Company cut their target price on Sprinklr from $10.00 to $9.00 and set an equal weight rating on the stock in a research note on Friday, June 21st. Barclays cut their target price on Sprinklr from $17.00 to $11.00 and set an overweight rating on the stock in a research note on Thursday, June 6th. Finally, Stifel Nicolaus dropped their price target on Sprinklr from $15.00 to $9.00 and set a hold rating on the stock in a research report on Thursday, June 6th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $10.30.

Sprinklr Stock Down 1.0 %

CXM stock opened at $7.71 on Tuesday. The company has a market cap of $2.04 billion, a P/E ratio of 36.71, a PEG ratio of 1.53 and a beta of 0.78. Sprinklr has a twelve month low of $7.61 and a twelve month high of $17.14. The business has a fifty day moving average of $9.19 and a 200-day moving average of $10.86.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, June 5th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Sprinklr had a return on equity of 9.26% and a net margin of 7.85%. The firm had revenue of $195.96 million for the quarter, compared to analyst estimates of $194.54 million. As a group, equities research analysts anticipate that Sprinklr will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Diane Adams sold 13,717 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.20, for a total transaction of $126,196.40. Following the completion of the transaction, the insider now directly owns 395,222 shares in the company, valued at $3,636,042.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 15,962 shares of company stock worth $148,000. 30.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. RK Capital Management LLC grew its stake in Sprinklr by 29.0% in the fourth quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock valued at $6,190,000 after purchasing an additional 115,600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Sprinklr by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock valued at $10,905,000 after purchasing an additional 27,652 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Sprinklr in the first quarter valued at approximately $883,000. Victory Capital Management Inc. grew its stake in Sprinklr by 31.4% in the fourth quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after purchasing an additional 3,322 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in Sprinklr in the fourth quarter valued at approximately $161,000. 40.19% of the stock is currently owned by institutional investors.

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.