Sprinklr (NYSE:CXM) Trading Up 1.8% – What’s Next?

Shares of Sprinklr, Inc. (NYSE:CXM) rose 1.8% during trading on Monday . The company traded as high as $8.52 and last traded at $8.45. Approximately 333,131 shares changed hands during trading, a decline of 85% from the average daily volume of 2,267,126 shares. The stock had previously closed at $8.30.

Analysts Set New Price Targets

CXM has been the subject of several analyst reports. DA Davidson cut their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. JMP Securities reiterated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research note on Thursday, September 5th. Rosenblatt Securities reduced their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Morgan Stanley cut 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 report on Thursday, September 5th. Finally, Barclays downgraded Sprinklr from an “overweight” rating to an “underweight” rating and lowered their price objective for the stock from $10.00 to $7.00 in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.61.

Sprinklr Stock Performance

The company’s 50-day moving average price is $7.55 and its 200 day moving average price is $8.85. The stock has a market capitalization of $2.08 billion, a PE ratio of 45.61, a PEG ratio of 2.48 and a beta of 0.76.

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

Insider Buying and Selling at Sprinklr

In other news, CEO Ragy Thomas sold 12,902 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 in the company, valued at $8,230,755.06. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares in the company, valued at approximately $3,794,068.63. The trade was a 30.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is currently owned by company insiders.

Institutional Trading of Sprinklr

Several institutional investors have recently added to or reduced their stakes in CXM. SG Americas Securities LLC bought a new position in shares of Sprinklr during the second quarter valued at $553,000. Teachers Retirement System of The State of Kentucky purchased a new position in Sprinklr in the 1st quarter worth about $494,000. Vanguard Group Inc. lifted its stake in Sprinklr by 30.6% during the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after acquiring an additional 3,575,001 shares during the period. Horrell Capital Management Inc. boosted its holdings in shares of Sprinklr by 31.7% during the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock valued at $5,295,000 after acquiring an additional 165,000 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after acquiring an additional 1,904 shares during the period. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Company Profile

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.