Sprinklr (NYSE:CXM) Stock Price Up 1.9% – Still a Buy?

Sprinklr, Inc. (NYSE:CXM)’s share price was up 1.9% during trading on Friday . The company traded as high as $7.57 and last traded at $7.57. Approximately 72,702 shares were traded during trading, a decline of 97% from the average daily volume of 2,182,454 shares. The stock had previously closed at $7.43.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CXM shares. Morgan Stanley cut their target price 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. JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research report on Thursday, September 5th. KeyCorp decreased their target price on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald cut their price target on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Wells Fargo & Company decreased their price objective on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.00.

Sprinklr Stock Up 1.5 %

The firm has a 50-day moving average price of $7.67 and a 200 day moving average price of $9.36. The firm has a market capitalization of $1.91 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 2.20 and a beta of 0.76.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $197.21 million during the quarter, compared to the consensus estimate of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. Equities research analysts expect that Sprinklr, Inc. will post 0.11 earnings per share for the current year.

Insiders Place Their Bets

In other Sprinklr news, insider Diane Adams sold 12,915 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total value of $101,124.45. Following the completion of the transaction, the insider now owns 376,942 shares in the company, valued at $2,951,455.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Ragy Thomas sold 12,902 shares of Sprinklr 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Diane Adams sold 12,915 shares of the 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 sale, the insider now directly owns 376,942 shares in the company, valued at approximately $2,951,455.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 338,480 shares of company stock worth $2,545,967 in the last ninety days. 30.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

Large investors have recently bought and sold shares of the business. CWM LLC lifted its holdings in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after buying an additional 1,904 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Sprinklr during the third quarter worth approximately $105,000. CIBC Asset Management Inc boosted its holdings in Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares in the last quarter. GW Henssler & Associates Ltd. purchased a new position in Sprinklr in the third quarter valued at approximately $142,000. Finally, Simplicity Wealth LLC acquired a new stake in Sprinklr during the second quarter worth approximately $148,000. Hedge funds and other 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.