Sprinklr (NYSE:CXM) Price Target Lowered to $8.00 at Citigroup

Sprinklr (NYSE:CXM) had its target price decreased by Citigroup from $9.00 to $8.00 in a research note issued to investors on Monday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on CXM. Wall Street Zen cut Sprinklr from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Rosenblatt Securities reiterated a “buy” rating and set a $12.00 price target on shares of Sprinklr in a research report on Tuesday, September 30th. Barclays cut their price objective on Sprinklr from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Sprinklr in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.91.

Sprinklr Trading Down 0.4%

Shares of NYSE:CXM opened at $7.09 on Monday. Sprinklr has a 12-month low of $6.75 and a 12-month high of $9.69. The business has a 50 day moving average of $7.59 and a two-hundred day moving average of $8.16. The company has a market capitalization of $1.73 billion, a PE ratio of 15.74 and a beta of 0.78.

Sprinklr (NYSE:CXM) last posted its earnings results on Wednesday, September 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. The firm had revenue of $212.04 million during the quarter, compared to analyst estimates of $205.39 million. During the same period in the previous year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. Equities research analysts predict that Sprinklr will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Neeraj Agrawal sold 150,000 shares of the stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $7.61, for a total value of $1,141,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Arun Pattabhiraman sold 16,795 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $7.75, for a total value of $130,161.25. Following the completion of the transaction, the chief marketing officer owned 534,411 shares in the company, valued at $4,141,685.25. This represents a 3.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 732,709 shares of company stock worth $5,557,979 over the last ninety days. 60.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds have recently modified their holdings of the business. Invesco Ltd. boosted its stake in Sprinklr by 9.0% during the first quarter. Invesco Ltd. now owns 495,076 shares of the company’s stock worth $4,134,000 after buying an additional 40,701 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Sprinklr by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company’s stock worth $121,065,000 after acquiring an additional 1,138,542 shares during the last quarter. Algert Global LLC acquired a new position in shares of Sprinklr in the 1st quarter worth approximately $708,000. Charles Schwab Investment Management Inc. boosted its position in shares of Sprinklr by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,097,526 shares of the company’s stock worth $9,164,000 after purchasing an additional 42,234 shares during the period. Finally, Nuveen LLC acquired a new stake in Sprinklr in the 1st quarter valued at approximately $4,341,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Company Profile

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.