Sprinklr (NYSE:CXM) Shares Up 1.5% – Here’s What Happened

Sprinklr, Inc. (NYSE:CXM) shares rose 1.5% on Monday . The stock traded as high as $7.45 and last traded at $7.43. Approximately 106,271 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 2,173,150 shares. The stock had previously closed at $7.32.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Rosenblatt Securities decreased their price target on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Citigroup cut their price target on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald dropped their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. DA Davidson reduced their target price 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. Finally, JMP Securities reissued a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Thursday, September 5th. One investment analyst has 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.00.

Sprinklr Stock Performance

The stock has a fifty day simple moving average of $7.76 and a two-hundred day simple moving average of $9.43. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 2.10 and a beta of 0.76.

Sprinklr (NYSE:CXM) last released its 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 return on equity of 8.40% and a net margin of 6.54%. Equities analysts expect that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Transactions at Sprinklr

In related news, major shareholder Roger H. Lee sold 44,884 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $7.83, for a total transaction of $351,441.72. Following the sale, the insider now owns 739,799 shares in the company, valued at $5,792,626.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Sprinklr news, CMO Arun Pattabhiraman sold 10,291 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $80,578.53. Following the sale, the chief marketing officer now directly owns 448,947 shares of the company’s stock, valued at $3,515,255.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Roger H. Lee sold 44,884 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $7.83, for a total value of $351,441.72. Following the completion of the sale, the insider now directly owns 739,799 shares of the company’s stock, valued at approximately $5,792,626.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 335,975 shares of company stock worth $2,527,184. Corporate insiders own 30.12% of the company’s stock.

Institutional Trading of Sprinklr

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CXM. Vanguard Group Inc. boosted its stake 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 purchasing an additional 3,575,001 shares during the last quarter. Federated Hermes Inc. grew its holdings in Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after purchasing an additional 1,694,900 shares during the period. Solel Partners LP increased its stake in Sprinklr by 46.8% in the second 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. raised its holdings in shares of Sprinklr by 63.5% during the second 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 during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Sprinklr by 212.6% in the 1st quarter. Principal Financial Group Inc. now owns 690,055 shares of the company’s stock valued at $8,467,000 after buying an additional 469,305 shares during the period. 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.