Brokerages Set Sprinklr, Inc. (NYSE:CXM) Target Price at $8.21

Sprinklr, Inc. (NYSE:CXM) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $8.2143.

Several equities analysts have recently weighed in on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Sprinklr in a research note on Monday. Weiss Ratings raised shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Morgan Stanley increased their target price on shares of Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Sprinklr in a research report on Thursday, September 3rd. Finally, Wall Street Zen lowered shares of Sprinklr from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th.

Insider Buying and Selling at Sprinklr

In other news, General Counsel Jacob Scott sold 71,585 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $6.97, for a total value of $498,947.45. Following the completion of the transaction, the general counsel owned 576,827 shares in the company, valued at $4,020,484.19. This trade represents a 11.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 25.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its position in shares of Sprinklr by 84.9% during the 1st quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock worth $50,265,000 after purchasing an additional 3,846,652 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in shares of Sprinklr by 19.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,590,002 shares of the company’s stock valued at $43,490,000 after buying an additional 908,002 shares during the last quarter. Private Management Group Inc. grew its stake in shares of Sprinklr by 1,249.3% in the fourth quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock valued at $18,768,000 after buying an additional 2,233,542 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sprinklr by 19.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock valued at $15,891,000 after buying an additional 438,083 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Sprinklr by 3.9% during the first quarter. Bank of America Corp DE now owns 1,680,846 shares of the company’s stock worth $10,085,000 after buying an additional 62,604 shares during the last quarter. 40.19% of the stock is owned by institutional investors and hedge funds.

Sprinklr Trading Down 2.3%

Shares of NYSE CXM opened at $5.66 on Friday. The company has a fifty day moving average price of $6.42 and a 200 day moving average price of $5.81. Sprinklr has a 1-year low of $4.72 and a 1-year high of $8.27. The firm has a market cap of $1.31 billion, a PE ratio of 56.56 and a beta of 0.65.

Sprinklr (NYSE:CXM) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 earnings per share. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. Equities research analysts forecast that Sprinklr will post 0.23 EPS for the current year.

About Sprinklr

Sprinklr, Inc (NYSE:CXM) provides an enterprise software platform designed to help organizations manage customer experiences across digital and traditional channels. Its cloud-based Unified Customer Experience Management platform brings together customer-facing functions, data and workflows in a centralized environment.

The company’s products support customer service and contact-center operations, social media management, digital marketing, advertising, customer insights and social listening.