Sprinklr (NYSE:CXM) Trading Up 1.2% – Should You Buy?

Sprinklr, Inc. (NYSE:CXM)’s share price was up 1.2% on Thursday . The company traded as high as $7.93 and last traded at $7.91. Approximately 163,682 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 2,261,144 shares. The stock had previously closed at $7.82.

Analyst Ratings Changes

Several equities research analysts have commented on CXM shares. DA Davidson cut their price objective on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald reduced 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. Morgan Stanley lowered their target price 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. Citigroup dropped their target price on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, KeyCorp lowered their price target 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Sprinklr has an average rating of “Hold” and an average price target of $9.61.

Sprinklr Price Performance

The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 46.22, a PEG ratio of 2.32 and a beta of 0.76. The business has a fifty day moving average of $7.53 and a 200 day moving average of $8.96.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business 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%. On average, equities research analysts expect that Sprinklr, Inc. will post 0.11 EPS for the current year.

Insiders Place Their Bets

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the business’s stock in a transaction that occurred 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 owns 514,799 shares of the company’s stock, valued at $3,794,068.63. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ragy Thomas sold 12,902 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $101,022.66. Following the transaction, the chief executive officer now owns 1,051,182 shares in the company, valued at $8,230,755.06. This trade represents a 1.21 % 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 valued at $2,545,967 over the last 90 days. 30.12% of the stock is owned by company insiders.

Institutional Trading of Sprinklr

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Sprinklr during the 2nd quarter worth approximately $553,000. Teachers Retirement System of The State of Kentucky acquired a new position in Sprinklr during the 1st quarter worth $494,000. 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. Bayesian Capital Management LP acquired a new stake in Sprinklr in the 1st quarter valued at about $1,012,000. Finally, Horrell Capital Management Inc. boosted its stake in shares of Sprinklr by 31.7% in the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock valued at $5,295,000 after buying an additional 165,000 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.