Sprinklr (NYSE:CXM) Given New $10.00 Price Target at Morgan Stanley

Sprinklr (NYSE:CXM) had its target price reduced by equities research analysts at Morgan Stanley from $12.00 to $10.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 29.70% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. DA Davidson downgraded Sprinklr from a “buy” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $9.00 in a report on Thursday, June 6th. Stifel Nicolaus lowered their price target on Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, June 6th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Monday, July 1st. Wells Fargo & Company lowered their price target on Sprinklr from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. Finally, Barclays lowered their price target on Sprinklr from $17.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, June 6th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr has a consensus rating of “Hold” and an average price target of $10.30.

Sprinklr Stock Down 1.0 %

CXM stock opened at $7.71 on Thursday. Sprinklr has a 52-week low of $7.61 and a 52-week high of $17.14. The stock’s 50 day moving average is $9.19 and its two-hundred day moving average is $10.86. The company has a market capitalization of $2.04 billion, a PE ratio of 36.71, a P/E/G ratio of 1.53 and a beta of 0.78.

Sprinklr (NYSE:CXM) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Sprinklr had a return on equity of 9.26% and a net margin of 7.85%. The company had revenue of $195.96 million for the quarter, compared to the consensus estimate of $194.54 million. As a group, sell-side analysts anticipate that Sprinklr will post 0.19 EPS for the current year.

Insider Activity

In other Sprinklr news, insider Diane Adams sold 13,717 shares of Sprinklr stock in a transaction on Monday, July 15th. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40. Following the completion of the sale, the insider now owns 395,222 shares of the company’s stock, valued at approximately $3,636,042.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 15,962 shares of company stock valued at $148,000 over the last three months. 30.12% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprinklr

Several institutional investors have recently added to or reduced their stakes in CXM. Victory Capital Management Inc. lifted its position in Sprinklr by 31.4% in the 4th quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after acquiring an additional 3,322 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Sprinklr by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock valued at $10,905,000 after acquiring an additional 27,652 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Sprinklr in the 4th quarter valued at $4,395,000. Jump Financial LLC lifted 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 buying an additional 1,875 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new stake in Sprinklr during the 4th quarter worth about $161,000. 40.19% of the stock is owned by institutional investors.

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.