Sprinklr (NYSE:CXM) Price Target Cut to $9.00 by Analysts at Citigroup

Sprinklr (NYSE:CXM) had its target price trimmed by Citigroup from $10.00 to $9.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages also recently commented on CXM. Barclays dropped their price objective on shares of Sprinklr from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 3rd. DA Davidson increased their target price on shares of Sprinklr from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, June 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $12.00 target price on shares of Sprinklr in a research report on Thursday, September 4th. Wall Street Zen upgraded shares of Sprinklr from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Morgan Stanley raised their target price on shares of Sprinklr from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.00.

Sprinklr Stock Performance

Shares of CXM stock opened at $7.93 on Tuesday. Sprinklr has a one year low of $6.75 and a one year high of $9.69. The firm’s 50 day moving average price is $8.58 and its 200-day moving average price is $8.32. The firm has a market cap of $2.05 billion, a P/E ratio of 17.61 and a beta of 0.81.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, September 3rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. The firm had revenue of $212.04 million for the quarter, compared to the consensus estimate of $205.39 million. During the same period in the prior year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. As a group, research analysts predict that Sprinklr will post 0.1 EPS for the current fiscal year.

Insider Activity at Sprinklr

In related news, insider Scott Michael Harvey sold 21,422 shares of the firm’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $9.00, for a total value of $192,798.00. Following the completion of the sale, the insider owned 681,910 shares in the company, valued at $6,137,190. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Manish Sarin sold 174,749 shares of the firm’s stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $9.07, for a total transaction of $1,584,973.43. Following the transaction, the chief financial officer owned 732,421 shares of the company’s stock, valued at $6,643,058.47. This trade represents a 19.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,561,373 shares of company stock worth $77,660,908 over the last three months. 60.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sprinklr

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock worth $31,000 after buying an additional 2,489 shares in the last quarter. Lavaca Capital LLC grew its holdings in shares of Sprinklr by 541.2% during the second quarter. Lavaca Capital LLC now owns 4,200 shares of the company’s stock worth $36,000 after buying an additional 3,545 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Sprinklr by 69.2% in the first quarter. PNC Financial Services Group Inc. now owns 6,524 shares of the company’s stock worth $54,000 after acquiring an additional 2,668 shares during the last quarter. Quarry LP boosted its position in shares of Sprinklr by 5,071.8% in the first quarter. Quarry LP now owns 7,706 shares of the company’s stock worth $64,000 after acquiring an additional 7,557 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Sprinklr by 2,480.2% in the second quarter. Lazard Asset Management LLC now owns 8,463 shares of the company’s stock worth $71,000 after acquiring an additional 8,135 shares during the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

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.