Sprinklr (NYSE:CXM) Stock Rating Lowered by Cantor Fitzgerald

Sprinklr (NYSE:CXM) was downgraded by analysts at Cantor Fitzgerald from an “overweight” rating to a “neutral” rating in a report issued on Thursday, Marketbeat reports. They currently have a $10.00 price target on the stock, down from their prior price target of $16.00. Cantor Fitzgerald’s target price points to a potential upside of 12.17% from the stock’s current price.

A number of other analysts also recently commented on the company. DA Davidson downgraded Sprinklr from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $9.00 in a research report on Thursday. Oppenheimer reiterated a “market perform” rating on shares of Sprinklr in a research report on Thursday, March 28th. KeyCorp assumed coverage on Sprinklr in a research report on Thursday, March 21st. They set an “overweight” rating and a $19.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Sprinklr in a report on Monday, April 22nd. Finally, Wells Fargo & Company boosted their price target on Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.90.

Sprinklr Price Performance

Sprinklr stock opened at $8.92 on Thursday. The stock’s 50 day moving average price is $11.81 and its 200 day moving average price is $12.52. The company has a market cap of $2.44 billion, a PE ratio of 42.45, a price-to-earnings-growth ratio of 2.08 and a beta of 0.84. Sprinklr has a 1-year low of $8.33 and a 1-year high of $17.14.

Sprinklr (NYSE:CXM) last posted its earnings results on Wednesday, March 27th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $194.21 million for the quarter, compared to the consensus estimate of $188.50 million. Sprinklr had a return on equity of 9.12% and a net margin of 7.85%. On average, equities research analysts anticipate that Sprinklr will post 0.17 EPS for the current fiscal year.

Insider Activity at Sprinklr

In related news, General Counsel Jacob Scott sold 16,602 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $216,324.06. Following the completion of the transaction, the general counsel now directly owns 197,994 shares in the company, valued at $2,579,861.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $11.66, for a total transaction of $610,995.66. Following the completion of the sale, the chief marketing officer now directly owns 491,862 shares in the company, valued at $5,735,110.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Jacob Scott sold 16,602 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $216,324.06. Following the sale, the general counsel now owns 197,994 shares of the company’s stock, valued at $2,579,861.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 495,273 shares of company stock worth $6,083,127. 30.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sprinklr

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky acquired a new stake in Sprinklr during the first quarter worth about $494,000. Washington Harbour Partners LP acquired a new stake in Sprinklr during the first quarter worth about $1,227,000. Comerica Bank acquired a new stake in Sprinklr during the first quarter worth about $597,000. California State Teachers Retirement System increased its stake in Sprinklr by 4.3% during the first quarter. California State Teachers Retirement System now owns 119,751 shares of the company’s stock worth $1,469,000 after acquiring an additional 4,954 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in Sprinklr during the first quarter worth about $1,012,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Company Profile

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.