Sprinklr (NYSE:CXM) Stock Price Down 1.1% – What’s Next?

Sprinklr, Inc. (NYSE:CXM)’s share price was down 1.1% on Tuesday . The stock traded as low as $7.77 and last traded at $8.20. Approximately 763,203 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 2,239,862 shares. The stock had previously closed at $8.29.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CXM shares. KeyCorp cut their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald cut their price objective on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Citigroup cut their price objective on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Morgan Stanley cut their price objective on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Finally, Wells Fargo & Company lowered Sprinklr from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $6.00 in a research note on Tuesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9.80.

Sprinklr Price Performance

The stock has a 50 day simple moving average of $7.50 and a two-hundred day simple moving average of $9.14. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 43.17, a price-to-earnings-growth ratio of 2.45 and a beta of 0.76.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $197.21 million for 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%. As a group, research analysts forecast that Sprinklr, Inc. will post 0.11 EPS for the current year.

Insider Activity

In other 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 value of $351,441.72. Following the transaction, the insider now owns 739,799 shares of the company’s stock, valued at $5,792,626.17. This represents a 5.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the transaction, the insider now owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. This represents a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Roger H. Lee sold 44,884 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $7.83, for a total value of $351,441.72. Following the transaction, the insider now directly owns 739,799 shares in the company, valued at approximately $5,792,626.17. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 338,480 shares of company stock valued at $2,545,967 in the last quarter. Insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Several hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund Corp purchased a new stake in Sprinklr during the 1st quarter worth about $1,270,000. Swiss National Bank increased its holdings in Sprinklr by 11.1% during the 1st quarter. Swiss National Bank now owns 239,500 shares of the company’s stock worth $2,939,000 after purchasing an additional 23,900 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Sprinklr during the 1st quarter worth about $166,000. ProShare Advisors LLC increased its holdings in Sprinklr by 23.3% during the 1st quarter. ProShare Advisors LLC now owns 21,571 shares of the company’s stock worth $265,000 after purchasing an additional 4,080 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Sprinklr by 30.6% during the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after purchasing an additional 3,575,001 shares during the period. Institutional investors and hedge funds 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.