DA Davidson Cuts Sprinklr (NYSE:CXM) Price Target to $8.00

Sprinklr (NYSE:CXM - Free Report) had its price target trimmed by DA Davidson from $11.00 to $8.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock. DA Davidson also issued estimates for Sprinklr's FY2026 earnings at $0.14 EPS and FY2027 earnings at $0.24 EPS.

Several other research analysts have also commented on the company. Rosenblatt Securities boosted their price target on Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, March 13th. JMP Securities reissued a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Friday, February 7th. William Blair downgraded shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Morgan Stanley lifted their target price on shares of Sprinklr from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 13th. Finally, Scotiabank lifted their price target on shares of Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.00.

Sprinklr Price Performance

Shares of NYSE CXM traded down $0.04 during midday trading on Monday, reaching $7.11. 1,177,021 shares of the stock traded hands, compared to its average volume of 2,037,197. Sprinklr has a one year low of $6.75 and a one year high of $12.86. The company's 50 day moving average is $8.36 and its 200 day moving average is $8.28. The stock has a market capitalization of $1.82 billion, a PE ratio of 44.41, a P/E/G ratio of 2.31 and a beta of 0.77.

Insider Buying and Selling at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the completion of the transaction, the director now owns 968,306 shares in the company, valued at $8,985,879.68. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 30.12% of the company's stock.

Institutional Trading of Sprinklr

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 2,489 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after acquiring an additional 1,928 shares during the last quarter. Ancora Advisors LLC bought a new stake in Sprinklr in the 4th quarter valued at $34,000. FNY Investment Advisers LLC acquired a new stake in Sprinklr during the 4th quarter valued at $42,000. Finally, SG Americas Securities LLC acquired a new position in shares of Sprinklr in the fourth quarter valued at $89,000. 40.19% of the stock is owned by 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.