Sprinklr (NYSE:CXM) Trading 1.7% Higher – Should You Buy?

Sprinklr, Inc. (NYSE:CXM)’s stock price traded up 1.7% during trading on Wednesday . The company traded as high as $7.93 and last traded at $7.91. 118,357 shares were traded during mid-day trading, a decline of 95% from the average session volume of 2,261,059 shares. The stock had previously closed at $7.78.

Analysts Set New Price Targets

A number of research firms recently weighed in on CXM. DA Davidson lowered 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. Morgan Stanley lowered their price objective on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Barclays lowered Sprinklr from an “overweight” rating to an “underweight” rating and decreased their price objective for the company from $10.00 to $7.00 in a research note on Monday, October 7th. JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald reduced their price objective on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.61.

Sprinklr Stock Performance

The firm has a 50-day moving average price of $7.51 and a two-hundred day moving average price of $9.01. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 43.94, 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, meeting the consensus estimate of $0.01. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The business had revenue of $197.21 million during the quarter, compared to analysts’ expectations 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 at Sprinklr

In related news, insider Diane Adams sold 12,915 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the transaction, the insider now owns 376,942 shares of the company’s stock, valued at approximately $2,951,455.86. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr 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 transaction, the insider now directly owns 739,799 shares in the company, valued at $5,792,626.17. This represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is owned by company insiders.

Institutional Trading of Sprinklr

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after buying an additional 295,638 shares during the period. Barclays PLC grew its holdings in Sprinklr by 283.7% during the 3rd quarter. Barclays PLC now owns 242,990 shares of the company’s stock worth $1,878,000 after acquiring an additional 179,661 shares in the last quarter. Weiss Asset Management LP bought a new stake in Sprinklr in the third quarter valued at about $806,000. State Street Corp raised its position in shares of Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after acquiring an additional 322,318 shares in the last quarter. Finally, Petrus Trust Company LTA lifted its stake in Sprinklr by 109.5% during the third quarter. Petrus Trust Company LTA now owns 88,178 shares of the company’s stock worth $682,000 after purchasing an additional 46,093 shares during 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.