Sprinklr (NYSE:CXM) Trading Up 0.9% – Here’s Why

Shares of Sprinklr, Inc. (NYSE:CXM) shot up 0.9% during trading on Monday . The stock traded as high as $7.84 and last traded at $7.74. 159,087 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 2,264,317 shares. The stock had previously closed at $7.67.

Analysts Set New Price Targets

CXM has been the subject of a number of research analyst reports. Cantor Fitzgerald decreased their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Barclays downgraded shares of Sprinklr from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $10.00 to $7.00 in a report on Monday, October 7th. KeyCorp decreased their price objective on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Citigroup decreased their price objective on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Morgan Stanley decreased their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Sprinklr has a consensus rating of “Hold” and a consensus price target of $9.61.

Sprinklr Stock Up 0.3 %

The business’s 50-day moving average price is $7.51 and its 200 day moving average price is $9.01. The company has a market capitalization of $1.97 billion, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76.

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

Insider Activity

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the sale, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Diane Adams sold 12,915 shares of Sprinklr stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the sale, the insider now owns 376,942 shares of the company’s stock, valued at approximately $2,951,455.86. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 338,480 shares of company stock worth $2,545,967. 30.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in shares of Sprinklr during the second quarter worth approximately $553,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Sprinklr during the first quarter worth approximately $494,000. Vanguard Group Inc. raised its stake in shares of Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after acquiring an additional 3,575,001 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Sprinklr during the first quarter worth approximately $1,012,000. Finally, Horrell Capital Management Inc. raised its stake in shares of Sprinklr by 31.7% during the third quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock worth $5,295,000 after acquiring an additional 165,000 shares in the last quarter. 40.19% of the stock is currently 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.