Sprinklr (NYSE:CXM) Shares Down 4.1% – Time to Sell?

Sprinklr, Inc. (NYSE:CXM)’s stock price traded down 4.1% on Monday . The stock traded as low as $8.80 and last traded at $8.77. 717,818 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 1,939,181 shares. The stock had previously closed at $9.14.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. William Blair lowered Sprinklr from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. Cantor Fitzgerald restated a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a research report on Thursday, December 5th. Stifel Nicolaus lifted their price target on Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. DA Davidson lifted their price target on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.00 price target on shares of Sprinklr in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.38.

Sprinklr Price Performance

The company has a market capitalization of $2.22 billion, a P/E ratio of 54.53, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. The firm’s 50-day moving average is $8.76 and its 200-day moving average is $8.27.

Hedge Funds Weigh In On Sprinklr

Large investors have recently added to or reduced their stakes in the company. Entropy Technologies LP lifted its holdings in shares of Sprinklr by 18.2% in the third quarter. Entropy Technologies LP now owns 46,088 shares of the company’s stock worth $356,000 after buying an additional 7,095 shares in the last quarter. GSA Capital Partners LLP bought a new position in Sprinklr during the third quarter valued at $129,000. Victory Capital Management Inc. grew its holdings in shares of Sprinklr by 17.0% in the third quarter. Victory Capital Management Inc. now owns 61,518 shares of the company’s stock worth $476,000 after purchasing an additional 8,928 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Sprinklr by 103.5% in the third quarter. Quest Partners LLC now owns 44,441 shares of the company’s stock worth $344,000 after purchasing an additional 22,601 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Sprinklr in the third quarter worth about $231,000. Hedge funds and other institutional investors 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.