Sprinklr (NYSE:CXM) PT Lowered to $10.00 at Morgan Stanley

Sprinklr (NYSE:CXM) had its target price cut by Morgan Stanley from $12.00 to $10.00 in a research note published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company decreased their price objective on shares of Sprinklr from $10.00 to $9.00 and set an equal weight rating on the stock in a research report on Friday, June 21st. Rosenblatt Securities reduced their price target on shares of Sprinklr from $14.00 to $11.00 and set a buy rating on the stock in a research report on Tuesday, September 3rd. Barclays reduced their price target on shares of Sprinklr from $17.00 to $11.00 and set an overweight rating on the stock in a research report on Thursday, June 6th. Stifel Nicolaus reduced their price target on shares of Sprinklr from $15.00 to $9.00 and set a hold rating on the stock in a research report on Thursday, June 6th. Finally, KeyCorp reduced their price target on shares of Sprinklr from $16.00 to $12.00 and set an overweight rating on the stock in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprinklr currently has a consensus rating of Hold and a consensus price target of $10.30.

Sprinklr Trading Down 1.0 %

CXM stock opened at $7.71 on Thursday. The firm’s 50-day moving average price is $9.19 and its two-hundred day moving average price is $10.84. Sprinklr has a 12-month low of $7.61 and a 12-month high of $17.14. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 1.53 and a beta of 0.78.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. The firm had revenue of $195.96 million for the quarter, compared to analysts’ expectations of $194.54 million. Equities analysts predict that Sprinklr will post 0.19 EPS for the current year.

Insiders Place Their Bets

In other Sprinklr news, insider Diane Adams sold 13,717 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $9.20, for a total value of $126,196.40. Following the sale, the insider now owns 395,222 shares in the company, valued at $3,636,042.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 15,962 shares of company stock worth $148,000. 30.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Sprinklr by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock worth $627,000 after buying an additional 1,117 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Sprinklr by 2.9% in the second quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after buying an additional 1,700 shares in the last quarter. Jump Financial LLC lifted its stake in shares of Sprinklr by 5.0% in the fourth quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock worth $478,000 after buying an additional 1,875 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after buying an additional 1,904 shares in the last quarter. Institutional investors own 40.19% of the company’s stock.

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.