Sprinklr (NYSE:CXM) Given New $8.50 Price Target at Rosenblatt Securities

by · The Markets Daily

Sprinklr (NYSE:CXMGet Free Report) had its target price cut by research analysts at Rosenblatt Securities from $12.00 to $8.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 54.69% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Citigroup lowered their price objective on shares of Sprinklr from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Wall Street Zen upgraded shares of Sprinklr from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings cut shares of Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 30th. DA Davidson dropped their price target on Sprinklr from $6.50 to $6.25 and set a “neutral” rating for the company in a research report on Friday, April 17th. Finally, Morgan Stanley reduced their price objective on Sprinklr from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Sprinklr currently has an average rating of “Reduce” and an average price target of $7.84.

Get Our Latest Report on Sprinklr

Sprinklr Stock Up 0.8%

NYSE CXM traded up $0.05 during trading on Thursday, hitting $5.50. 428,560 shares of the stock traded hands, compared to its average volume of 3,354,895. Sprinklr has a 12-month low of $4.72 and a 12-month high of $9.40. The firm has a 50-day simple moving average of $5.44 and a 200-day simple moving average of $6.28. The company has a market capitalization of $1.37 billion, a P/E ratio of 61.06 and a beta of 0.59.

Sprinklr (NYSE:CXMGet Free Report) last posted its earnings results on Wednesday, June 3rd. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Sprinklr had a return on equity of 7.86% and a net margin of 2.67%.The firm had revenue of $219.48 million during the quarter, compared to the consensus estimate of $215.89 million. During the same period in the prior year, the company earned $0.12 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Sprinklr has set its FY 2027 guidance at 0.480-0.490 EPS and its Q2 2027 guidance at 0.100-0.100 EPS. As a group, research analysts predict that Sprinklr will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Amitabh Misra sold 34,189 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $5.85, for a total value of $200,005.65. Following the sale, the chief technology officer owned 970,753 shares of the company’s stock, valued at approximately $5,678,905.05. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 25.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sprinklr

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in Sprinklr by 11,204.2% in the 4th quarter. SG Americas Securities LLC now owns 4,530,827 shares of the company’s stock worth $35,250,000 after purchasing an additional 4,490,746 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Sprinklr by 41.8% during the third quarter. First Eagle Investment Management LLC now owns 1,071,681 shares of the company’s stock valued at $8,273,000 after buying an additional 315,953 shares during the period. Vanguard Group Inc. grew its stake in shares of Sprinklr by 20.3% during the third quarter. Vanguard Group Inc. now owns 17,571,641 shares of the company’s stock valued at $135,653,000 after buying an additional 2,966,556 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Sprinklr during the third quarter valued at approximately $6,997,000. Finally, Bullseye Asset Management LLC raised its holdings in shares of Sprinklr by 142.5% in the third quarter. Bullseye Asset Management LLC now owns 481,701 shares of the company’s stock worth $3,719,000 after buying an additional 283,031 shares during the period. 40.19% of the stock is currently owned by institutional investors.

Sprinklr News Summary

Here are the key news stories impacting Sprinklr this week:

Sprinklr Company Profile

(Get Free Report)

Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.

Featured Stories