Sprinklr (NYSE:CXM) Stock Price Down 1.1% – What’s Next?

Sprinklr, Inc. (NYSE:CXM) shares fell 1.1% during trading on Tuesday . The company traded as low as $7.77 and last traded at $8.20. 763,203 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 2,239,862 shares. The stock had previously closed at $8.29.

Analyst Ratings Changes

Several analysts recently issued reports on CXM shares. Rosenblatt Securities cut their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Citigroup cut their target price on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. DA Davidson cut their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and cut their target price for the stock from $10.00 to $7.00 in a research report on Monday, October 7th. Finally, KeyCorp cut their target price on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.80.

Sprinklr Trading Down 4.1 %

The firm has a market capitalization of $1.96 billion, a P/E ratio of 43.17, a price-to-earnings-growth ratio of 2.45 and a beta of 0.76. The firm has a 50 day moving average price of $7.50 and a 200-day moving average price of $9.14.

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

Insider Buying and Selling

In other Sprinklr news, CMO Arun Pattabhiraman sold 10,291 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 $80,578.53. Following the transaction, the chief marketing officer now directly owns 448,947 shares in the company, valued at $3,515,255.01. This trade represents a 2.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Sprinklr news, CMO Arun Pattabhiraman sold 10,291 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 $80,578.53. Following the transaction, the chief marketing officer now directly owns 448,947 shares in the company, valued at $3,515,255.01. This trade represents a 2.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction on 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 completion of the transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. This represents a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 338,480 shares of company stock valued at $2,545,967. Insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Sprinklr by 30.6% in the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after buying an additional 3,575,001 shares during the period. Solel Partners LP increased its stake in shares of Sprinklr by 46.8% in the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after purchasing an additional 1,176,726 shares in the last quarter. Letko Brosseau & Associates Inc. increased its stake in shares of Sprinklr by 63.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after purchasing an additional 827,375 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Sprinklr by 107,818.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock valued at $16,320,000 after purchasing an additional 1,694,900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Sprinklr by 10.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,037,271 shares of the company’s stock valued at $8,018,000 after purchasing an additional 97,066 shares in the last quarter. 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.