Sprinklr (NYSE:CXM) Shares Up 0.9% – Still a Buy?

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

Analysts Set New Price Targets

Several research firms recently issued reports on CXM. Rosenblatt Securities cut their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note 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 on the stock in a research note on Thursday, September 5th. JMP Securities reiterated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a report on Thursday, September 5th. Citigroup lowered their target price on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Wells Fargo & Company downgraded Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $8.00 to $6.00 in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.80.

Sprinklr Price Performance

The business has a fifty day moving average of $7.50 and a 200 day moving average of $9.07. The stock has a market cap of $1.94 billion, a PE ratio of 42.56, a P/E/G ratio of 2.29 and a beta of 0.76.

Sprinklr (NYSE:CXM) last issued 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 analyst estimates of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. On average, equities research analysts expect that Sprinklr, Inc. will post 0.11 EPS for the current year.

Insider Transactions at Sprinklr

In related news, CEO Ragy Thomas sold 12,902 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 value of $101,022.66. Following the completion of the transaction, the chief executive officer now owns 1,051,182 shares in the company, valued at $8,230,755.06. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock valued at $2,545,967 over the last three months. 30.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

Several hedge funds have recently modified their holdings of CXM. CWM LLC lifted its position in shares of Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Sprinklr by 15.6% during the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after acquiring an additional 1,694 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Sprinklr during the 3rd quarter valued at about $105,000. Simplicity Wealth LLC bought a new stake in shares of Sprinklr in the 2nd quarter worth $148,000. Finally, GSA Capital Partners LLP bought a new stake in Sprinklr during the third quarter worth $129,000. Institutional investors own 40.19% of the company’s stock.

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.