Sprinklr (NYSE:CXM) Price Target Lowered to $9.00 at Citigroup

Sprinklr (NYSE:CXM) had its price objective reduced by research analysts at Citigroup from $11.00 to $9.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would indicate a potential upside of 14.07% from the company’s current price.

Several other analysts also recently commented on CXM. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research note on Thursday. Stifel Nicolaus cut their price objective on Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Rosenblatt Securities decreased their price objective on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company dropped their target price on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, KeyCorp reduced their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.30.

Sprinklr Trading Down 8.1 %

Shares of NYSE:CXM traded down $0.70 during mid-day trading on Thursday, reaching $7.89. The stock had a trading volume of 2,066,341 shares, compared to its average volume of 2,255,155. The firm has a 50 day simple moving average of $9.26 and a two-hundred day simple moving average of $10.91. Sprinklr has a twelve month low of $7.73 and a twelve month high of $17.14. The firm has a market cap of $2.09 billion, a PE ratio of 37.48, a price-to-earnings-growth ratio of 1.53 and a beta of 0.79.

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

Insider Activity at Sprinklr

In related news, insider Diane Adams sold 13,717 shares of the company’s 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 sale, the insider now owns 395,222 shares in the company, valued at $3,636,042.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 15,962 shares of company stock valued at $148,000. Corporate insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in Sprinklr by 31.4% during the fourth quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock worth $167,000 after acquiring an additional 3,322 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Sprinklr by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock worth $10,905,000 after purchasing an additional 27,652 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Sprinklr in the 4th quarter valued at about $4,395,000. Jump Financial LLC lifted its stake in Sprinklr by 5.0% in the 4th quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock valued at $478,000 after purchasing an additional 1,875 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in Sprinklr during the fourth quarter worth about $161,000. 40.19% of the stock is 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.