Sprinklr (NYSE:CXM) Stock Price Up 2.1% – Should You Buy?

Sprinklr, Inc. (NYSE:CXM)’s share price traded up 2.1% during mid-day trading on Monday . The company traded as high as $7.70 and last traded at $7.70. 162,440 shares traded hands during trading, a decline of 93% from the average session volume of 2,183,984 shares. The stock had previously closed at $7.54.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. DA Davidson reduced their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Wells Fargo & Company dropped their price objective on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. KeyCorp dropped their price objective on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald dropped their target price 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Sprinklr Stock Up 1.6 %

The stock has a market capitalization of $1.94 billion, a PE ratio of 42.78, a PEG ratio of 2.22 and a beta of 0.76. The firm’s fifty day moving average is $7.67 and its 200-day moving average is $9.35.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $197.21 million during the quarter, compared to the consensus estimate 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 EPS for the current year.

Insider Activity at Sprinklr

In other Sprinklr news, insider Diane Adams sold 4,282 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $33,528.06. Following the completion of the transaction, the insider now directly owns 390,940 shares of the company’s stock, valued at approximately $3,061,060.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Sprinklr news, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Diane Adams sold 4,282 shares of Sprinklr stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $33,528.06. Following the completion of the sale, the insider now directly owns 390,940 shares of the company’s stock, valued at $3,061,060.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 338,480 shares of company stock worth $2,545,967 over the last 90 days. Company insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in shares of Sprinklr during the 1st quarter valued at $883,000. SG Americas Securities LLC acquired a new position in shares of Sprinklr during the 2nd quarter valued at $553,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Sprinklr during the 1st quarter valued at $494,000. Vanguard Group Inc. lifted its holdings in shares of 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 in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of Sprinklr during the 1st quarter valued at $1,012,000. 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.