Sprinklr (NYSE:CXM) Trading 3% Higher – What’s Next?

Shares of Sprinklr, Inc. (NYSE:CXM) traded up 3% during trading on Thursday . The stock traded as high as $7.85 and last traded at $7.84. 367,036 shares were traded during trading, a decline of 84% from the average session volume of 2,226,154 shares. The stock had previously closed at $7.61.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup cut their target price on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. KeyCorp cut their target price on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. DA Davidson reduced their price target on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Morgan Stanley reduced their price target on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald reduced their price target on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research 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 given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

Sprinklr Stock Performance

The company’s 50 day moving average price is $7.58 and its 200 day moving average price is $9.28. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 43.56, a price-to-earnings-growth ratio of 2.27 and a beta of 0.76.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $194.58 million. On average, equities research analysts forecast that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Insider Activity at Sprinklr

In related news, major shareholder Roger H. Lee sold 44,884 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Sprinklr news, major shareholder Roger H. Lee sold 44,884 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $7.83, for a total value of $351,441.72. Following the sale, the insider now directly owns 739,799 shares in the company, valued at $5,792,626.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Diane Adams sold 12,915 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was 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 owns 376,942 shares in the company, valued at $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. In the last three months, insiders have sold 338,480 shares of company stock worth $2,545,967. 30.12% of the stock is owned by insiders.

Institutional Trading of Sprinklr

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in shares of Sprinklr during the 1st quarter worth about $883,000. SG Americas Securities LLC bought a new position in shares of Sprinklr during the 2nd quarter worth about $553,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Sprinklr during the 1st quarter worth about $494,000. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 3,575,001 shares during the period. Finally, Bayesian Capital Management LP bought a new position in shares of Sprinklr during the 1st quarter worth about $1,012,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

About Sprinklr

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.