Sprinklr (NYSE:CXM) Given New $9.00 Price Target 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 target reduced by research analysts at Citigroup from $10.00 to $9.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price target indicates a potential upside of 16.43% from the company's previous close.

A number of other brokerages have also issued reports on CXM. JMP Securities reissued a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research note on Friday, June 27th. Wells Fargo & Company lifted their target price on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, June 5th. Cantor Fitzgerald initiated coverage on Sprinklr in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 target price for the company. Barclays decreased their target price 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, Morgan Stanley lifted their target price on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $10.00.

Sprinklr Trading Down 2.2%

Shares of CXM stock traded down $0.17 on Tuesday, reaching $7.73. 2,183,599 shares of the company's stock were exchanged, compared to its average volume of 2,264,913. Sprinklr has a 52 week low of $6.75 and a 52 week high of $9.69. The stock has a market capitalization of $2.00 billion, a PE ratio of 17.18 and a beta of 0.81. The company's fifty day simple moving average is $8.56 and its 200 day simple moving average is $8.31.

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

Insiders Place Their Bets

In other news, Director Ragy Thomas sold 3,000,000 shares of Sprinklr stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $7.94, for a total value of $23,820,000.00. Following the transaction, the director directly owned 974,286 shares in the company, valued at approximately $7,735,830.84. This trade represents a 75.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Jacob Scott sold 62,422 shares of Sprinklr stock in a transaction on Friday, June 20th. The shares were sold at an average price of $7.99, for a total value of $498,751.78. Following the completion of the transaction, the general counsel owned 441,664 shares in the company, valued at $3,528,895.36. This represents a 12.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,561,373 shares of company stock worth $77,660,908. Insiders own 60.53% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased 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 valued at $121,065,000 after acquiring an additional 1,138,542 shares during the period. Jefferies Financial Group Inc. increased its holdings in shares of Sprinklr by 31.6% in the 2nd quarter. Jefferies Financial Group Inc. now owns 4,682,000 shares of the company's stock valued at $39,610,000 after acquiring an additional 1,125,000 shares during the period. Deutsche Bank AG increased its holdings in shares of Sprinklr by 2.7% in the 4th quarter. Deutsche Bank AG now owns 2,792,583 shares of the company's stock valued at $23,597,000 after acquiring an additional 73,405 shares during the period. Sea Cliff Partners Management LP increased its holdings in shares of Sprinklr by 1,174.6% in the 2nd quarter. Sea Cliff Partners Management LP now owns 2,166,792 shares of the company's stock valued at $18,331,000 after acquiring an additional 1,996,792 shares during the period. Finally, Letko Brosseau & Associates Inc. grew its stake in Sprinklr by 0.7% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 1,760,500 shares of the company's stock worth $14,894,000 after buying an additional 11,625 shares during the last quarter. 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.