Sprinklr (NYSE:CXM) PT Lowered to $9.00 at Wells Fargo & Company

Sprinklr (NYSE:CXMFree Report) had its price target lowered by Wells Fargo & Company from $10.00 to $9.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other analysts have also issued research reports about the stock. Cantor Fitzgerald lowered shares of Sprinklr from an overweight rating to a neutral rating and cut their price objective for the stock from $16.00 to $10.00 in a research note on Thursday, June 6th. DA Davidson lowered shares of Sprinklr from a buy rating to a neutral rating and dropped their price target for the company from $16.00 to $9.00 in a research report on Thursday, June 6th. Rosenblatt Securities dropped their price target on shares of Sprinklr from $18.00 to $14.00 and set a buy rating on the stock in a research report on Thursday, June 6th. Barclays dropped their price target on shares of Sprinklr from $17.00 to $11.00 and set an overweight rating on the stock in a research report on Thursday, June 6th. Finally, Stifel Nicolaus dropped their price target 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. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $12.80.

Check Out Our Latest Stock Report on Sprinklr

Sprinklr Trading Up 4.0 %

NYSE CXM opened at $9.08 on Friday. The company has a fifty day simple moving average of $11.11 and a two-hundred day simple moving average of $11.97. The stock has a market cap of $2.41 billion, a P/E ratio of 43.24, a P/E/G ratio of 1.46 and a beta of 0.84. Sprinklr has a 12-month low of $8.33 and a 12-month high of $17.14.

Sprinklr (NYSE:CXMGet Free Report) last posted 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 analysts’ expectations of $188.50 million. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. As a group, sell-side analysts forecast that Sprinklr will post 0.19 earnings per share for the current year.

Insiders Place Their Bets

In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of Sprinklr stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $11.66, for a total transaction of $610,995.66. Following the transaction, the chief marketing officer now directly owns 491,862 shares of the company’s stock, valued at $5,735,110.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Sprinklr news, major shareholder R David Tabors sold 319,405 shares of Sprinklr stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Arun Pattabhiraman sold 52,401 shares of Sprinklr stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $11.66, for a total transaction of $610,995.66. Following the sale, the chief marketing officer now owns 491,862 shares of the company’s stock, valued at $5,735,110.92. The disclosure for this sale can be found here. Insiders have sold 373,236 shares of company stock valued at $4,492,985 over the last ninety days. Company insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Mather Group LLC. acquired a new position in Sprinklr during the 1st quarter worth approximately $28,000. DekaBank Deutsche Girozentrale acquired a new position in Sprinklr during the 3rd quarter worth approximately $87,000. Quest Partners LLC acquired a new position in Sprinklr during the 4th quarter worth approximately $115,000. D.A. Davidson & CO. purchased a new stake in shares of Sprinklr during the 4th quarter worth approximately $161,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Sprinklr during the 1st quarter worth approximately $166,000. 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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