Sprinklr, Inc. (NYSE:CXM) Stock Has Consensus Target Price of $8.21 According to Analysts

Shares of Sprinklr, Inc. (NYSE:CXM – Get Free Report) have received an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $8.21.

A number of research analysts have weighed in on the company. Rosenblatt Securities reissued a “buy” rating and issued a $8.50 target price on shares of Sprinklr in a report on Thursday, September 3rd. Citigroup restated a “market outperform” rating on shares of Sprinklr in a research note on Monday, September 14th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Sprinklr in a research report on Thursday, September 3rd. Morgan Stanley increased their price objective on shares of Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings raised shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th.

Read Our Latest Analysis on Sprinklr

Sprinklr Trading Up 1.7%

Shares of CXM opened at $5.51 on Thursday. The firm has a market cap of $1.28 billion, a PE ratio of 55.15 and a beta of 0.77. The firm has a fifty day simple moving average of $6.21 and a two-hundred day simple moving average of $5.73. Sprinklr has a 1-year low of $4.72 and a 1-year high of $8.27.

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

Insider Buying and Selling at Sprinklr

In other news, CEO Rory P. Read sold 203,666 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $5.17, for a total transaction of $1,052,953.22. Following the completion of the sale, the chief executive officer owned 3,069,659 shares of the company’s stock, valued at $15,870,137.03. The trade was a 6.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sanjay Macwan sold 6,936 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total transaction of $38,494.80. Following the sale, the insider directly owned 545,997 shares of the company’s stock, valued at approximately $3,030,283.35. The trade was a 1.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 563,385 shares of company stock valued at $3,158,244 in the last quarter. Insiders own 25.18% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC grew its holdings in Sprinklr by 84.9% during the first quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock valued at $50,265,000 after purchasing an additional 3,846,652 shares during the period. Dimensional Fund Advisors LP raised 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 worth $15,891,000 after buying an additional 438,083 shares during the period. Private Management Group Inc. lifted its position in shares of Sprinklr by 1,249.3% during the 4th 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. Bank of America Corp DE lifted its position in shares of Sprinklr by 3.9% during the 1st quarter. Bank of America Corp DE now owns 1,680,846 shares of the company’s stock valued at $10,085,000 after buying an additional 62,604 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Sprinklr by 8.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,329,921 shares of the company’s stock valued at $7,980,000 after buying an additional 108,340 shares in the last quarter. 40.19% of the stock is owned by institutional investors.

About Sprinklr

(Get Free Report)

Sprinklr, Inc is a software company that provides a unified customer experience management (CXM) platform for enterprises and government organizations. Its cloud-based solutions help organizations manage customer interactions across digital channels, social media, contact centers and other communication touchpoints from a common platform.

The company’s offerings include customer service and contact-center tools, social media management, digital engagement, marketing and advertising capabilities, customer feedback, and artificial intelligence-powered analytics and insights.

Further Reading

Analyst Recommendations for Sprinklr (NYSE:CXM)

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