Sprinklr (NYSE:CXM) Price Target Lowered to $17.00 at JMP Securities

Sprinklr (NYSE:CXMFree Report) had its price objective decreased by JMP Securities from $22.00 to $17.00 in a report published on Thursday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. William Blair reaffirmed an outperform rating on shares of Sprinklr in a research report on Monday, April 22nd. Cantor Fitzgerald cut shares of Sprinklr from an overweight rating to a neutral rating and lowered their price objective for the stock from $16.00 to $10.00 in a research report on Thursday. DA Davidson cut shares of Sprinklr from a buy rating to a neutral rating and lowered their price objective for the stock from $16.00 to $9.00 in a research report on Thursday. Oppenheimer reaffirmed a market perform rating on shares of Sprinklr in a research report on Thursday, March 28th. Finally, Rosenblatt Securities raised their price target on shares of Sprinklr from $16.00 to $18.00 and gave the company a buy rating in a research report on Thursday, March 28th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $12.90.

View Our Latest Research Report on CXM

Sprinklr Price Performance

Shares of NYSE CXM 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 company 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 1 year low of $8.33 and a 1 year 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 business had revenue of $194.21 million during the quarter, compared to the consensus estimate of $188.50 million. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. As a group, research analysts expect that Sprinklr will post 0.17 EPS for the current year.

Insider Activity

In related news, CEO Ragy Thomas sold 11,742 shares of Sprinklr stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $152,998.26. Following the sale, the chief executive officer now directly owns 438,214 shares in the company, valued at approximately $5,709,928.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder R David Tabors sold 319,405 shares of Sprinklr stock in a transaction on Monday, April 8th. The shares were sold at an average price of $12.10, for a total transaction of $3,864,800.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ragy Thomas sold 11,742 shares of Sprinklr stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $152,998.26. Following the sale, the chief executive officer now owns 438,214 shares in the company, valued at $5,709,928.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 495,273 shares of company stock worth $6,083,127. 30.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Formidable Asset Management LLC increased its stake in Sprinklr by 5.3% in the third quarter. Formidable Asset Management LLC now owns 17,935 shares of the company’s stock valued at $248,000 after purchasing an additional 900 shares during the period. Amalgamated Bank increased its stake in Sprinklr by 13.6% in the third quarter. Amalgamated Bank now owns 14,987 shares of the company’s stock valued at $207,000 after purchasing an additional 1,791 shares during the period. Jump Financial LLC increased its stake in Sprinklr by 5.0% in the fourth 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 period. Arizona State Retirement System increased its stake in Sprinklr by 7.3% in the fourth quarter. Arizona State Retirement System now owns 30,582 shares of the company’s stock valued at $368,000 after purchasing an additional 2,072 shares during the period. Finally, Trexquant Investment LP increased its stake in Sprinklr by 2.3% in the third quarter. Trexquant Investment LP now owns 93,793 shares of the company’s stock valued at $1,298,000 after purchasing an additional 2,147 shares during the period. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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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