Sprinklr (NYSE:CXM) Shares Up 4.6% – Time to Buy?

Sprinklr, Inc. (NYSE:CXM) shares rose 4.6% during trading on Monday . The stock traded as high as $7.97 and last traded at $7.91. Approximately 537,254 shares were traded during trading, a decline of 76% from the average daily volume of 2,234,901 shares. The stock had previously closed at $7.56.

Analysts Set New Price Targets

Several research analysts recently issued reports on CXM shares. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Thursday, September 5th. Cantor Fitzgerald cut their price target on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company lowered shares of Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $8.00 to $6.00 in a report on Tuesday. DA Davidson reduced their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, Morgan Stanley cut their price objective on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.80.

Sprinklr Stock Down 1.7 %

The company has a market cap of $2.05 billion, a PE ratio of 44.67, a P/E/G ratio of 2.45 and a beta of 0.76. The business has a 50-day simple moving average of $7.51 and a 200-day simple moving average of $9.15.

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

Insider Buying and Selling

In related news, CEO Ragy Thomas sold 12,902 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $101,022.66. Following the completion of the sale, the chief executive officer now owns 1,051,182 shares of the company’s stock, valued at approximately $8,230,755.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Ragy Thomas sold 12,902 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $101,022.66. Following the completion of the transaction, the chief executive officer now directly owns 1,051,182 shares in the company, valued at approximately $8,230,755.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Roger H. Lee sold 44,884 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $7.83, for a total value of $351,441.72. Following the sale, the insider now directly owns 739,799 shares of the company’s stock, valued at approximately $5,792,626.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 338,480 shares of company stock worth $2,545,967. 30.12% of the stock is owned by corporate insiders.

Institutional Trading of Sprinklr

Hedge funds have recently made changes to their positions in the business. CWM LLC grew its stake in shares of Sprinklr by 111.0% during the second quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after purchasing an additional 1,904 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after acquiring an additional 1,694 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Sprinklr during the third quarter worth approximately $105,000. Susquehanna Fundamental Investments LLC acquired a new position in Sprinklr in the first quarter valued at approximately $166,000. Finally, Simplicity Wealth LLC purchased a new position in Sprinklr in the second quarter valued at approximately $148,000. Institutional investors and hedge funds 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.