Sprinklr (NYSE:CXM) Trading Up 4.8% – Here’s What Happened

Sprinklr, Inc. (NYSE:CXM)’s stock price was up 4.8% during mid-day trading on Wednesday . The company traded as high as $7.51 and last traded at $7.48. Approximately 544,503 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 2,214,669 shares. The stock had previously closed at $7.14.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Citigroup decreased their price objective on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Rosenblatt Securities decreased their price target on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. JMP Securities restated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Thursday, September 5th. Morgan Stanley reduced their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Finally, Barclays cut shares of Sprinklr from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $10.00 to $7.00 in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Sprinklr Stock Performance

The stock’s 50 day simple moving average is $7.61 and its 200-day simple moving average is $9.29. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 41.06, a price-to-earnings-growth ratio of 2.25 and a beta of 0.76.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. On average, analysts expect that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Insider Activity

In other Sprinklr news, CEO Ragy Thomas sold 12,902 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $101,022.66. Following the completion of the transaction, the chief executive officer now directly owns 1,051,182 shares of the company’s stock, valued at approximately $8,230,755.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Sprinklr news, CEO Ragy Thomas sold 12,902 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $101,022.66. Following the sale, the chief executive officer now directly owns 1,051,182 shares of the company’s stock, valued at approximately $8,230,755.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the transaction, the insider now owns 514,799 shares of the company’s stock, valued at $3,794,068.63. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 338,480 shares of company stock valued at $2,545,967. Company insiders own 30.12% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new stake in shares of Sprinklr during the 1st quarter worth about $883,000. Texas Permanent School Fund Corp acquired a new stake in Sprinklr in the first quarter valued at approximately $1,270,000. Swiss National Bank increased its position in shares of Sprinklr by 11.1% in the first quarter. Swiss National Bank now owns 239,500 shares of the company’s stock valued at $2,939,000 after buying an additional 23,900 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Sprinklr during the 1st quarter worth approximately $166,000. Finally, ProShare Advisors LLC lifted its position in shares of Sprinklr by 23.3% during the 1st quarter. ProShare Advisors LLC now owns 21,571 shares of the company’s stock valued at $265,000 after buying an additional 4,080 shares in 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.