Sprinklr (NYSE:CXM) Price Target Raised to $9.00 at DA Davidson

Sprinklr (NYSE:CXM - Get Free Report) had its target price increased by equities research analysts at DA Davidson from $8.00 to $9.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. DA Davidson's price objective indicates a potential upside of 1.87% from the stock's current price.

Several other brokerages have also issued reports on CXM. Morgan Stanley dropped their price target on Sprinklr from $11.00 to $8.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Cantor Fitzgerald began coverage on Sprinklr in a research note on Tuesday. They set a "neutral" rating and a $8.00 price target for the company. Scotiabank lifted their price target on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 13th. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research note on Thursday. Finally, William Blair downgraded Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.25.

Sprinklr Price Performance

Shares of Sprinklr stock traded down $0.23 during trading hours on Thursday, reaching $8.84. The company had a trading volume of 2,058,618 shares, compared to its average volume of 2,012,014. Sprinklr has a one year low of $6.75 and a one year high of $10.27. The business has a fifty day simple moving average of $7.86 and a 200 day simple moving average of $8.43. The firm has a market cap of $2.26 billion, a PE ratio of 55.22, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $205.50 million during the quarter, compared to analyst estimates of $201.83 million. Sprinklr had a return on equity of 7.84% and a net margin of 5.59%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. On average, research analysts forecast that Sprinklr will post 0.1 EPS for the current year.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 26,053 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the transaction, the director now owns 968,306 shares in the company, valued at approximately $8,985,879.68. This represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 60.53% of the stock is owned by company insiders.

Institutional Trading of Sprinklr

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC bought a new stake in shares of Sprinklr in the 4th quarter worth approximately $989,000. Bank of America Corp DE boosted its position in shares of Sprinklr by 34.2% in the 4th quarter. Bank of America Corp DE now owns 883,398 shares of the company's stock worth $7,465,000 after purchasing an additional 224,886 shares in the last quarter. Ceera Investments LLC boosted its position in shares of Sprinklr by 61.4% in the 4th quarter. Ceera Investments LLC now owns 182,105 shares of the company's stock worth $1,539,000 after purchasing an additional 69,290 shares in the last quarter. Northern Trust Corp boosted its position in shares of Sprinklr by 3.3% in the 4th quarter. Northern Trust Corp now owns 1,232,711 shares of the company's stock worth $10,416,000 after purchasing an additional 38,895 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Sprinklr by 283.7% in the 3rd quarter. Barclays PLC now owns 242,990 shares of the company's stock worth $1,878,000 after purchasing an additional 179,661 shares in the last quarter. 40.19% of the stock is owned by 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.