DA Davidson Issues Positive Forecast for Sprinklr (NYSE:CXM) Stock Price

Sprinklr (NYSE:CXM) had its price target hoisted by equities researchers at DA Davidson from $8.00 to $9.50 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s target price indicates a potential upside of 11.50% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Morgan Stanley dropped their price objective on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Scotiabank started coverage on Sprinklr in a research note on Tuesday, November 19th. They set a “sector perform” rating and a $7.70 price target for the company. Cantor Fitzgerald reissued a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a research note on Thursday. Barclays increased their price target on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Citigroup dropped their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Sprinklr presently has a consensus rating of “Hold” and an average target price of $9.97.

Sprinklr Price Performance

Shares of NYSE CXM traded down $0.12 during mid-day trading on Thursday, reaching $8.52. The company’s stock had a trading volume of 3,847,599 shares, compared to its average volume of 2,321,897. The firm has a market capitalization of $2.16 billion, a PE ratio of 47.34, a P/E/G ratio of 2.46 and a beta of 0.81. The stock has a fifty day moving average of $7.62 and a two-hundred day moving average of $8.71. Sprinklr has a 52 week low of $6.91 and a 52 week high of $17.14.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $197.21 million during the quarter, compared to analyst estimates of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. Analysts anticipate that Sprinklr will post 0.11 EPS for the current fiscal year.

Insider Transactions at Sprinklr

In other Sprinklr news, CMO Arun Pattabhiraman sold 10,291 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $80,578.53. Following the transaction, the chief marketing officer now directly owns 448,947 shares in the company, valued at $3,515,255.01. This trade represents a 2.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Diane Adams sold 4,282 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $33,528.06. Following the sale, the insider now directly owns 390,940 shares in the company, valued at $3,061,060.20. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 338,480 shares of company stock worth $2,545,967. 30.12% of the stock is currently owned by company insiders.

Institutional Trading of Sprinklr

Several hedge funds and other institutional investors have recently bought and sold shares of CXM. SG Americas Securities LLC acquired a new stake in shares of Sprinklr in the 2nd quarter worth $553,000. Cerity Partners LLC boosted its position in shares of Sprinklr by 33.0% in the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock worth $7,664,000 after purchasing an additional 246,095 shares in the last quarter. Horrell Capital Management Inc. boosted its position in shares of Sprinklr by 31.7% in the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock worth $5,295,000 after purchasing an additional 165,000 shares in the last quarter. CWM LLC boosted its position in shares of Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after purchasing an additional 1,904 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new position in Sprinklr in the 2nd quarter worth $148,000. 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.