Sprinklr (NYSE:CXM) Given New $9.00 Price Target at Barclays

Sprinklr (NYSE:CXM) had its target price boosted by equities researchers at Barclays from $7.00 to $9.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target indicates a potential upside of 2.33% from the stock’s current price.

Several other equities analysts also recently issued reports on the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a research report on Thursday. Citigroup reduced their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Wells Fargo & Company lowered Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. KeyCorp cut their price objective on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, Scotiabank assumed coverage on shares of Sprinklr in a research report on Tuesday, November 19th. They issued a “sector perform” rating and a $7.70 target price for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.05.

Sprinklr Stock Up 1.4 %

Shares of NYSE:CXM opened at $8.80 on Thursday. The company has a market cap of $2.23 billion, a PE ratio of 54.19, a P/E/G ratio of 2.46 and a beta of 0.81. Sprinklr has a fifty-two week low of $6.91 and a fifty-two week high of $14.31. The firm has a 50-day simple moving average of $7.64 and a 200 day simple moving average of $8.71.

Sprinklr (NYSE:CXM) last posted its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The company had revenue of $197.21 million for the quarter, compared to analysts’ expectations of $194.58 million. As a group, research analysts forecast that Sprinklr will post 0.11 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the transaction, the insider now directly owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Diane Adams sold 12,915 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total value of $101,124.45. Following the completion of the transaction, the insider now directly owns 376,942 shares in the company, valued at approximately $2,951,455.86. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock worth $2,545,967 over the last quarter. Corporate insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Several hedge funds have recently bought and sold shares of CXM. CWM LLC increased its holdings in shares of Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares during the last quarter. CIBC Asset Management Inc grew 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 during the last quarter. Everence Capital Management Inc. bought a new position in shares of Sprinklr in the third quarter valued at approximately $105,000. Simplicity Wealth LLC acquired a new stake in shares of Sprinklr in the second quarter worth $148,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Sprinklr during the 3rd quarter worth $129,000. 40.19% of the stock is owned by institutional investors and hedge funds.

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.