Citigroup Trims Sprinklr (NYSE:CXM) Target Price to $9.00

Sprinklr (NYSE:CXM) had its price target trimmed by Citigroup from $11.00 to $9.00 in a report published on Thursday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also weighed in on CXM. DA Davidson cut their price objective on Sprinklr from $9.00 to $8.00 and set a neutral rating on the stock in a research report on Thursday. JMP Securities restated a market outperform rating and set a $17.00 price target on shares of Sprinklr in a report on Thursday. Stifel Nicolaus decreased their price objective on Sprinklr from $15.00 to $9.00 and set a hold rating for the company in a research note on Thursday, June 6th. KeyCorp cut their target price on shares of Sprinklr from $16.00 to $12.00 and set an overweight rating on the stock in a research note on Thursday. Finally, Barclays reduced their target price on shares of Sprinklr from $11.00 to $10.00 and set an overweight rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $10.30.

Sprinklr Price Performance

Shares of Sprinklr stock opened at $7.71 on Thursday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.78. The business has a 50-day moving average of $9.19 and a 200 day moving average of $10.83. Sprinklr has a 12 month low of $7.61 and a 12 month high of $17.14.

Insider Activity at Sprinklr

In other Sprinklr news, insider Diane Adams sold 13,717 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $9.20, for a total value of $126,196.40. Following the completion of the transaction, the insider now owns 395,222 shares in the company, valued at $3,636,042.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 15,962 shares of company stock valued at $148,000 over the last ninety days. Insiders own 30.12% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of Sprinklr by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock worth $627,000 after acquiring an additional 1,117 shares during the last quarter. CIBC Asset Management Inc raised its position in Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Sprinklr by 2.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after purchasing an additional 1,700 shares during the period. Jump Financial LLC grew its position in Sprinklr by 5.0% during the 4th quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock worth $478,000 after purchasing an additional 1,875 shares during the last quarter. Finally, CWM LLC grew its position in Sprinklr by 111.0% during 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 during the last quarter. Hedge funds and other 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.