Sprinklr (NYSE:CXM) Trading 3.3% Higher – Here’s Why

Sprinklr, Inc. (NYSE:CXM)’s share price traded up 3.3% on Tuesday . The company traded as high as $7.61 and last traded at $7.61. 155,246 shares changed hands during trading, a decline of 93% from the average session volume of 2,174,281 shares. The stock had previously closed at $7.37.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CXM. Rosenblatt Securities cut their target price on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Barclays cut shares of Sprinklr from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $10.00 to $7.00 in a report on Monday, October 7th. DA Davidson cut their target price 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 cut their price target on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research note on Thursday, September 5th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.00.

Sprinklr Stock Up 2.4 %

The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 36.24, a P/E/G ratio of 2.10 and a beta of 0.76. The company’s 50 day moving average is $7.79 and its 200 day moving average is $9.46.

Sprinklr (NYSE:CXM) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analyst estimates of $194.58 million. On average, analysts expect that Sprinklr, Inc. will post 0.11 EPS for the current year.

Insiders Place Their Bets

In other Sprinklr news, 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 transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction that occurred on 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 $3,794,068.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Diane Adams sold 12,915 shares of Sprinklr 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 sale, the insider now owns 376,942 shares of the company’s stock, valued at approximately $2,951,455.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 335,975 shares of company stock valued at $2,527,184 in the last three months. 30.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings 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 acquiring an additional 3,575,001 shares in the last quarter. Federated Hermes Inc. grew its position in Sprinklr by 107,818.1% during the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock valued at $16,320,000 after buying an additional 1,694,900 shares during the period. Solel Partners LP grew its position in shares of Sprinklr by 46.8% in the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after purchasing an additional 1,176,726 shares during the period. Letko Brosseau & Associates Inc. grew its position in shares of Sprinklr by 63.5% in the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after purchasing an additional 827,375 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Sprinklr by 212.6% during the first quarter. Principal Financial Group Inc. now owns 690,055 shares of the company’s stock worth $8,467,000 after acquiring an additional 469,305 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors.

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.