Sprinklr (NYSE:CXM) Trading Down 4.7% – Should You Sell?

Sprinklr, Inc. (NYSE:CXM) shares fell 4.7% during trading on Tuesday . The stock traded as low as $7.22 and last traded at $7.24. 1,109,767 shares traded hands during trading, a decline of 49% from the average session volume of 2,191,873 shares. The stock had previously closed at $7.60.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CXM. Morgan Stanley lowered their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Barclays downgraded shares of Sprinklr from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $10.00 to $7.00 in a research note on Monday, October 7th. Wells Fargo & Company dropped their price objective on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Citigroup decreased their price objective on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, DA Davidson dropped their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.00.

Sprinklr Stock Down 6.1 %

The stock has a fifty day moving average price of $7.64 and a 200-day moving average price of $9.32. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 39.67, a price-to-earnings-growth ratio of 2.25 and a beta of 0.76.

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

Insider Buying and Selling at Sprinklr

In other Sprinklr news, insider Diane Adams sold 4,282 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $33,528.06. Following the transaction, the insider now directly owns 390,940 shares in the company, valued at approximately $3,061,060.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Diane Adams sold 4,282 shares of Sprinklr stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $33,528.06. Following the completion of the transaction, the insider now owns 390,940 shares of the company’s stock, valued at $3,061,060.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the sale, the insider now directly owns 514,799 shares in the company, valued at approximately $3,794,068.63. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CXM. CWM LLC grew its holdings in Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of Sprinklr in the 3rd quarter worth $105,000. Susquehanna Fundamental Investments LLC acquired a new position in Sprinklr in the first quarter valued at $166,000. Finally, Simplicity Wealth LLC purchased a new position in shares of Sprinklr in the 2nd quarter worth about $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.