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

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on CXM shares. Cantor Fitzgerald lowered their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Rosenblatt Securities lowered their price objective 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. Morgan Stanley decreased their price target 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. Barclays cut shares of Sprinklr from an “overweight” rating to an “underweight” rating and decreased their price target for the company from $10.00 to $7.00 in a research report on Monday, October 7th. Finally, Citigroup decreased their price target on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr has an average rating of “Hold” and a consensus target price of $9.61.

Sprinklr Stock Performance

The stock’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 issued its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the firm’s 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 transaction, the insider now directly owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. This trade represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Manish Sarin sold 22,738 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $178,038.54. Following the completion of the transaction, the chief financial officer now directly owns 748,918 shares in the company, valued at $5,864,027.94. This trade represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 338,480 shares of company stock valued at $2,545,967 over the last ninety days. 30.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in shares of Sprinklr in the second quarter valued at about $553,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Sprinklr in the first quarter valued at about $494,000. Vanguard Group Inc. raised its holdings in shares of Sprinklr by 30.6% in the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after purchasing an additional 3,575,001 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Sprinklr in the first quarter valued at about $1,012,000. Finally, Horrell Capital Management Inc. raised its holdings in shares of Sprinklr by 31.7% in the third quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock valued at $5,295,000 after purchasing an additional 165,000 shares during the last quarter. 40.19% of the stock is owned by 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.