Sprinklr (NYSE:CXM) Shares Up 2.2% – What’s Next?

Sprinklr, Inc. (NYSE:CXM) shot up 2.2% on Friday . The company traded as high as $8.27 and last traded at $8.22. 154,811 shares were traded during trading, a decline of 93% from the average session volume of 2,265,101 shares. The stock had previously closed at $8.04.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CXM. Cantor Fitzgerald cut their target price 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 decreased 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 report on Thursday, September 5th. Barclays lowered shares of Sprinklr from an “overweight” rating to an “underweight” rating and cut their price target for the company from $10.00 to $7.00 in a research report on Monday, October 7th. Citigroup decreased their price objective on Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Wells Fargo & Company lowered Sprinklr from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9.61.

Sprinklr Stock Performance

The firm has a market capitalization of $2.10 billion, a P/E ratio of 46.11, a PEG ratio of 2.40 and a beta of 0.76. The company has a 50-day simple moving average of $7.53 and a two-hundred day simple moving average of $8.94.

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

Insider Buying and Selling

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares in the company, valued at approximately $3,794,068.63. The trade was a 30.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Manish Sarin sold 22,738 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $178,038.54. Following the completion of the sale, the chief financial officer now directly owns 748,918 shares in the company, valued at approximately $5,864,027.94. This represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 338,480 shares of company stock valued at $2,545,967 over the last quarter. Corporate insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CWM LLC increased its position in shares of Sprinklr by 111.0% during the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Sprinklr in the 3rd quarter worth $105,000. CIBC Asset Management Inc increased its holdings in shares of Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after purchasing an additional 1,694 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Sprinklr in the third quarter worth $129,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of Sprinklr during the third quarter valued at $142,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

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.