Sprinklr (NYSE:CXM) Price Target Cut to $9.00 by Analysts at Citigroup

Key Points

• Citigroup has reduced its price target for Sprinklr (NYSE:CXM) from $10.00 to $9.00, maintaining a "neutral" rating.
• Sprinklr shares experienced a decrease of 0.3%, trading at $7.89, with a market capitalization of $2.04 billion.
• The company reported a quarterly earnings per share (EPS) of $0.13, surpassing estimates, along with a revenue of $212.04 million.

Sprinklr (NYSE:CXM - Get Free Report) had its price objective dropped by stock analysts at Citigroup from $10.00 to $9.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price objective points to a potential upside of 14.14% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley upped their target price on shares of Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. DA Davidson upped their target price on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Wells Fargo & Company upped their target price on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. Cantor Fitzgerald assumed coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price target on the stock. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $12.00 price target on shares of Sprinklr in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $10.00.

Sprinklr Stock Down 0.3%

Shares of CXM stock traded down $0.03 on Tuesday, reaching $7.89. The stock had a trading volume of 233,182 shares, compared to its average volume of 1,995,890. The firm's 50-day moving average is $8.63 and its two-hundred day moving average is $8.33. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 17.52 and a beta of 0.81. Sprinklr has a 12 month low of $6.75 and a 12 month high of $9.69.

Sprinklr (NYSE:CXM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. The company had revenue of $212.04 million for the quarter, compared to analysts' expectations of $205.39 million. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. Sprinklr's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. On average, sell-side analysts forecast that Sprinklr will post 0.1 earnings per share for the current fiscal year.

Insider Transactions at Sprinklr

In other news, General Counsel Jacob Scott sold 62,422 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $7.99, for a total transaction of $498,751.78. Following the transaction, the general counsel directly owned 441,664 shares of the company's stock, valued at approximately $3,528,895.36. This trade represents a 12.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Battery Partners Ix, Llc sold 81,869 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $8.55, for a total transaction of $699,979.95. Following the transaction, the insider directly owned 82,500 shares in the company, valued at $705,375. This represents a 49.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,643,242 shares of company stock worth $78,360,888. 60.53% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CXM. Price T Rowe Associates Inc. MD increased its holdings in shares of Sprinklr by 7.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 56,970 shares of the company's stock worth $482,000 after purchasing an additional 4,194 shares during the period. Northern Trust Corp increased its holdings in shares of Sprinklr by 3.3% during the fourth 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 during the period. BNP Paribas Financial Markets bought a new position in shares of Sprinklr during the fourth quarter worth approximately $424,000. Bank of America Corp DE boosted its position in shares of Sprinklr by 34.2% during the 4th quarter. Bank of America Corp DE now owns 883,398 shares of the company's stock worth $7,465,000 after acquiring an additional 224,886 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Sprinklr during the 4th quarter worth approximately $105,000. 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.

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