Sprinklr (NYSE:CXM) Stock Price Up 0.9% – Should You Buy?

Shares of Sprinklr, Inc. (NYSE:CXM) shot up 0.9% during mid-day trading on Monday . The stock traded as high as $7.84 and last traded at $7.74. Approximately 159,087 shares changed hands during trading, a decline of 93% from the average session volume of 2,264,317 shares. The stock had previously closed at $7.67.

Analyst Ratings Changes

CXM has been the topic of a number of analyst reports. Cantor Fitzgerald decreased their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock 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 for the company in a research note on Thursday, September 5th. DA Davidson lowered their price objective on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research note on Thursday, September 5th. Finally, Rosenblatt Securities dropped their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.80.

Sprinklr Price Performance

The firm’s fifty day moving average price is $7.50 and its 200-day moving average price is $9.07. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 2.29 and a beta of 0.76.

Sprinklr (NYSE:CXM) last released its earnings results 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 business had revenue of $197.21 million for the quarter, compared to the consensus estimate of $194.58 million. As a group, equities analysts forecast that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 completion of the transaction, the insider now directly owns 514,799 shares in the company, valued at approximately $3,794,068.63. The trade was a 30.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Diane Adams sold 4,282 shares of Sprinklr 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 completion of the transaction, the insider now directly owns 390,940 shares of the company’s stock, valued at approximately $3,061,060.20. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 338,480 shares of company stock worth $2,545,967 over the last 90 days. Corporate insiders own 30.12% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Several large investors have recently added to or reduced their stakes in CXM. SG Americas Securities LLC acquired a new position in Sprinklr during the 2nd quarter valued at about $553,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Sprinklr during the first quarter valued at about $494,000. Vanguard Group Inc. raised its position in shares of Sprinklr by 30.6% in the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after purchasing an additional 3,575,001 shares during the period. Bayesian Capital Management LP bought a new position in shares of Sprinklr in the first quarter worth $1,012,000. Finally, Horrell Capital Management Inc. increased its position in shares of Sprinklr by 31.7% during the third 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.

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.