Sprinklr (NYSE:CXM) Given New $11.00 Price Target at Barclays

Sprinklr (NYSE:CXMFree Report) had its target price reduced by Barclays from $17.00 to $11.00 in a research note issued to investors on Thursday, Benzinga reports. Barclays currently has an overweight rating on the stock.

CXM has been the subject of a number of other reports. Rosenblatt Securities decreased their price target on Sprinklr from $18.00 to $14.00 and set a buy rating for the company in a report on Thursday. Oppenheimer reaffirmed a market perform rating on shares of Sprinklr in a report on Thursday, March 28th. KeyCorp initiated coverage on Sprinklr in a research report on Thursday, March 21st. They set an overweight rating and a $19.00 target price on the stock. DA Davidson cut Sprinklr from a buy rating to a neutral rating and cut their target price for the stock from $16.00 to $9.00 in a research report on Thursday. Finally, William Blair reiterated an outperform rating on shares of Sprinklr in a research report on Monday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of $12.90.

Check Out Our Latest Stock Report on Sprinklr

Sprinklr Trading Down 13.4 %

NYSE:CXM opened at $9.39 on Thursday. The firm has a market cap of $2.57 billion, a PE ratio of 52.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.84. The stock has a fifty day moving average price of $11.88 and a 200 day moving average price of $12.57. Sprinklr has a 12-month low of $8.33 and a 12-month high of $17.14.

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

Insider Activity at Sprinklr

In related news, General Counsel Jacob Scott sold 16,602 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 value of $216,324.06. Following the transaction, the general counsel now owns 197,994 shares in the company, valued at approximately $2,579,861.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sprinklr news, CFO Manish Sarin sold 49,234 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 595,712 shares in the company, valued at approximately $7,762,127.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Jacob Scott sold 16,602 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $216,324.06. Following the transaction, the general counsel now owns 197,994 shares in the company, valued at approximately $2,579,861.82. The disclosure for this sale can be found here. Insiders have sold 495,273 shares of company stock worth $6,083,127 in the last quarter. Company insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

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

Sprinklr Company Profile

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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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