Sprinklr (NYSE:CXM) Trading Up 0.4% – Still a Buy?

Sprinklr, Inc. (NYSE:CXM)’s stock price was up 0.4% on Tuesday . The stock traded as high as $7.79 and last traded at $7.79. Approximately 105,301 shares were traded during trading, a decline of 95% from the average daily volume of 2,259,847 shares. The stock had previously closed at $7.76.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CXM. Wells Fargo & Company lowered shares of 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. Rosenblatt Securities decreased their target price on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research note on Thursday, September 5th. Morgan Stanley reduced their price objective on 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, DA Davidson dropped their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.61.

Sprinklr Stock Up 0.4 %

The company’s fifty day moving average price is $7.52 and its two-hundred day moving average price is $9.00. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 2.32 and a beta of 0.76.

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

Insider Buying and Selling

In other news, CEO Ragy Thomas sold 12,902 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $101,022.66. Following the sale, the chief executive officer now owns 1,051,182 shares in the company, valued at $8,230,755.06. This represents a 1.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Roger H. Lee sold 225,000 shares of the company’s 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 30.41 % 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 in the last 90 days. 30.12% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprinklr

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Sprinklr by 30.6% in the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after buying an additional 3,575,001 shares in the last quarter. Federated Hermes Inc. grew its position in Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock valued at $16,320,000 after acquiring an additional 1,694,900 shares during the last quarter. Solel Partners LP raised its stake in Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after acquiring an additional 1,176,726 shares in the last quarter. Letko Brosseau & Associates Inc. boosted its stake in shares of Sprinklr by 63.5% in the 2nd 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 in the last quarter. Finally, State Street Corp increased its position in Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after purchasing an additional 322,318 shares in the last quarter. 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.