Sprinklr (NYSE:CXM) PT decreased to $9.00

VaselineSeptember 7, 2024

0 3 minutes read

Sprinklr (NYSE:CXM – Get a Free Report) The price target was dropped by research analysts at Cantor Fitzgerald from $10.00 to $9.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 16.73% from the stock’s previous close.

A number of other research firms have also commented on CXM. Wells Fargo & Company cut their price target on Sprinklr from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. Rosenblatt Securities decreased their price target on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday. Stifel Nicolaus decreased their price objective on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Barclays decreased their target price on shares of Sprinklr from $17.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Finally, JMP Securities reiterated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Monday, July 1st. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.30, based on data from MarketBeat.com.

Check out our latest report on CXM

Sprinklr Stock Down 1.0%

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Shares of NYSE CXM opened at $7.71 on Thursday. The company’s fifty day moving average is $9.19 and its 200 day moving average is $10.86. Sprinklr has a 52 week low of $7.61 and a 52 week high of $17.14. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 1.53 and a beta of 0.78.

Sprinklr (NYSE:CXM – Get Your Free Report ) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $195.96 million during the quarter, compared to the consensus estimate of $194.54 million. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. equities research analysts anticipate that Sprinklr will post 0.19 earnings per share for the current year.

Insider trading at Sprinklr

In related news, insider Diane Adams sold 13,717 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 owns 395,222 shares of the company’s stock, valued at approximately $3,636,042.40. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Insiders have sold a total of 15,962 shares of company stock worth $148,000 over the last ninety days. 30.12% of shares are currently owned by corporate insiders.

Institutional trading of Sprinklr

Several institutional investors have recently bought and sold shares of CXM. Mather Group LLC. purchased a new position in Sprinklr in the 1st quarter worth approximately $28,000. CWM LLC lifted its position in Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares during the last quarter. Quest Partners LLC purchased a new stake in Sprinklr in the 4th quarter valued at $115,000. CIBC Asset Management Inc boosted its holdings in shares of Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares during the last quarter. Finally, DA Davidson & CO. purchased a new position in shares of Sprinklr in the fourth quarter valued at $161,000. 40.19% of the shares are held by hedge funds and other institutional investors.

Sprinklr Company Profile

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Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates a Unified Customer Experience Management platform, software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels and use a full suite of capabilities to deliver customer experiences.