Sprinklr (NYSE:CXM) Trading Up 0.4% – Here’s What Happened

Sprinklr, Inc. (NYSE:CXM)’s stock price was up 0.4% on Tuesday . The company traded as high as $7.79 and last traded at $7.79. Approximately 105,301 shares traded hands during trading, a decline of 95% from the average daily volume of 2,259,847 shares. The stock had previously closed at $7.76.

Analyst Ratings Changes

A number of equities analysts have weighed in on CXM shares. Cantor Fitzgerald cut their price target on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Scotiabank started coverage on shares of Sprinklr in a research note on Tuesday. They issued a “sector perform” rating and a $7.70 target price on the stock. JMP Securities reissued a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research note on Thursday, September 5th. Barclays lowered shares of Sprinklr from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $10.00 to $7.00 in a report on Monday, October 7th. Finally, KeyCorp lowered their price target 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sprinklr currently has an average rating of “Hold” and a consensus target price of $9.61.

Sprinklr Stock Performance

The firm has a market cap of $1.97 billion, a P/E ratio of 43.28, a P/E/G ratio of 2.29 and a beta of 0.76. The firm’s fifty day moving average is $7.50 and its 200 day moving average is $9.04.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. As a group, equities research analysts forecast that Sprinklr, Inc. will post 0.11 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Roger H. Lee sold 44,884 shares of the company’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 completion of the sale, the insider now owns 739,799 shares in the company, valued at approximately $5,792,626.17. This represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Diane Adams sold 4,282 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $33,528.06. Following the transaction, the insider now directly owns 390,940 shares in the company, valued at $3,061,060.20. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 338,480 shares of company stock worth $2,545,967. 30.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprinklr

A number of hedge funds have recently made changes to their positions in CXM. Vanguard Group Inc. increased its stake 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 worth $187,105,000 after buying an additional 3,575,001 shares during the period. State Street Corp grew its holdings in shares of Sprinklr by 7.2% during the third quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after buying an additional 322,318 shares during the last quarter. Solel Partners LP boosted its position in shares of Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after buying an additional 1,176,726 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Sprinklr by 11.9% in the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after acquiring an additional 295,638 shares during the period. Finally, Letko Brosseau & Associates Inc. lifted its holdings in Sprinklr by 63.5% in the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after acquiring an additional 827,375 shares during the period. 40.19% of the stock is currently 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.