Sprinklr (NYSE:CXM) Price Target Raised to $10.00 at Morgan Stanley

Sprinklr (NYSE:CXM - Get Free Report) had its price objective increased by stock analysts at Morgan Stanley from $8.00 to $10.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target points to a potential upside of 14.29% from the stock's previous close.

Other analysts have also recently issued research reports about the company. Rosenblatt Securities restated a "buy" rating and set a $12.00 price objective on shares of Sprinklr in a research note on Thursday. William Blair cut Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Wells Fargo & Company upped their price objective on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday. JMP Securities reiterated a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research report on Thursday. Finally, DA Davidson increased their price target on Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three 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 $10.25.

Sprinklr Trading Down 1.1%

NYSE CXM traded down $0.10 on Thursday, hitting $8.75. 2,989,819 shares of the stock traded hands, compared to its average volume of 1,986,777. The stock has a 50-day moving average of $7.86 and a 200 day moving average of $8.43. Sprinklr has a twelve month low of $6.75 and a twelve month high of $10.27. The company has a market capitalization of $2.24 billion, a P/E ratio of 54.69, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last announced 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. Sprinklr had a return on equity of 7.84% and a net margin of 5.59%. The firm had revenue of $205.50 million for the quarter, compared to analysts' expectations of $201.83 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Sprinklr's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts expect that Sprinklr will post 0.1 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the completion of the transaction, the director now directly owns 968,306 shares of the company's stock, valued at $8,985,879.68. This represents a 2.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 60.53% of the company's stock.

Hedge Funds Weigh In On Sprinklr

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Sprinklr by 209.5% during the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after purchasing an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after purchasing an additional 1,928 shares in the last quarter. Ancora Advisors LLC bought a new position in Sprinklr during the 4th quarter valued at $34,000. Quarry LP boosted its stake in Sprinklr by 5,071.8% during the 1st quarter. Quarry LP now owns 7,706 shares of the company's stock valued at $64,000 after purchasing an additional 7,557 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Sprinklr during the 4th quarter valued at $89,000. 40.19% of the stock is owned by institutional investors.

About Sprinklr

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.