Sprinklr (NYSE:CXM) Trading 4.6% Higher – What’s Next?

Sprinklr, Inc. (NYSE:CXM) shot up 4.6% on Monday . The company traded as high as $7.97 and last traded at $7.91. 537,254 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 2,234,901 shares. The stock had previously closed at $7.56.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CXM shares. Wells Fargo & Company cut shares of Sprinklr from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $8.00 to $6.00 in a report on Tuesday. KeyCorp dropped their price objective on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Citigroup decreased their target price on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. JMP Securities restated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. Finally, Rosenblatt Securities decreased their price objective on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given 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 stock has a market cap of $2.05 billion, a price-to-earnings ratio of 44.67, a PEG ratio of 2.45 and a beta of 0.76. The company’s 50 day moving average is $7.51 and its 200 day moving average is $9.15.

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 the consensus estimate of $0.01. The business had revenue of $197.21 million for the quarter, compared to the consensus estimate of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. Sell-side analysts predict that Sprinklr, Inc. will post 0.11 earnings per share for the current year.

Insider Transactions at Sprinklr

In other Sprinklr news, CMO Arun Pattabhiraman sold 10,291 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 transaction of $80,578.53. Following the transaction, the chief marketing officer now owns 448,947 shares of the company’s stock, valued at $3,515,255.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Diane Adams sold 12,915 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total value of $101,124.45. Following the completion of the sale, the insider now directly owns 376,942 shares in the company, valued at approximately $2,951,455.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Arun Pattabhiraman sold 10,291 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the sale, the chief marketing officer now owns 448,947 shares of the company’s stock, valued at approximately $3,515,255.01. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 338,480 shares of company stock worth $2,545,967 over the last ninety days. 30.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds have recently made changes to their positions in CXM. CWM LLC boosted its position in shares of Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after buying an additional 1,904 shares during the period. CIBC Asset Management Inc lifted its position in Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after acquiring an additional 1,694 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Sprinklr in the 3rd quarter worth approximately $105,000. Susquehanna Fundamental Investments LLC purchased a new position in Sprinklr in the 1st quarter worth approximately $166,000. Finally, Simplicity Wealth LLC acquired a new stake in Sprinklr in the second quarter valued at approximately $148,000. 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.