Cantor Fitzgerald Trims Sprinklr (NYSE:CXM) Target Price to $9.00

Sprinklr (NYSE:CXM) had its target price cut by Cantor Fitzgerald from $10.00 to $9.00 in a research note published on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

CXM has been the topic of a number of other research reports. Wells Fargo & Company cut their price target on shares of Sprinklr from $10.00 to $9.00 and set an equal weight rating on the stock in a research note on Friday, June 21st. DA Davidson lowered shares of Sprinklr from a buy rating to a neutral rating and cut their price target for the company from $16.00 to $9.00 in a research note on Thursday, June 6th. Barclays cut their price target on shares of Sprinklr from $17.00 to $11.00 and set an overweight rating on the stock in a research note on Thursday, June 6th. Morgan Stanley dropped their price objective on shares of Sprinklr from $12.00 to $10.00 and set an equal weight rating on the stock in a report on Thursday. Finally, JMP Securities reaffirmed a market outperform rating and issued a $17.00 price objective on shares of Sprinklr in a report on Monday, July 1st. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $10.30.

Sprinklr Trading Down 1.0 %

Shares of Sprinklr stock opened at $7.71 on Thursday. Sprinklr has a 12-month low of $7.61 and a 12-month high of $17.14. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 1.53 and a beta of 0.78. The firm’s 50 day simple moving average is $9.19 and its two-hundred day simple moving average is $10.84.

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

Insider Buying and Selling

In related news, insider Diane Adams sold 13,717 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40. Following the sale, the insider now directly owns 395,222 shares of the company’s stock, valued at $3,636,042.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have 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 added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in Sprinklr during the first quarter valued at $28,000. CWM LLC lifted its holdings in Sprinklr by 111.0% during the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares in the last quarter. Quest Partners LLC purchased a new position in Sprinklr during the fourth quarter valued at $115,000. CIBC Asset Management Inc lifted its holdings in Sprinklr by 15.6% during the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new position in Sprinklr during the fourth quarter valued at $161,000. 40.19% of the stock is 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.