Sprinklr (NYSE:CXM) Shares Gap Down – Here’s Why

Sprinklr, Inc. (NYSE:CXM) gapped down prior to trading on Wednesday . The stock had previously closed at $5.62, but opened at $5.15. Sprinklr shares last traded at $5.47, with a volume of 732,441 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 30th. Citigroup reduced their price objective on shares of Sprinklr from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Citizens Jmp lowered their target price on shares of Sprinklr from $17.00 to $11.00 and set a “market outperform” rating for the company in a report on Thursday, March 12th. DA Davidson dropped their target price on shares of Sprinklr from $6.50 to $6.25 and set a “neutral” rating for the company in a research report on Friday, April 17th. Finally, Morgan Stanley cut their price target on Sprinklr from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, March 16th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $8.28.

Sprinklr Trading Down 2.7%

The company has a market capitalization of $1.36 billion, a P/E ratio of 60.78 and a beta of 0.59. The business has a 50 day moving average price of $5.46 and a 200 day moving average price of $6.31.

Sprinklr (NYSE:CXM) last posted its earnings results on Wednesday, June 3rd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $219.48 million for the quarter, compared to analyst estimates of $215.89 million. Sprinklr had a net margin of 2.67% and a return on equity of 7.86%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. On average, analysts forecast that Sprinklr, Inc. will post 0.22 EPS for the current fiscal year.

Insider Activity at Sprinklr

In other news, CTO Amitabh Misra sold 34,189 shares of Sprinklr stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $5.85, for a total transaction of $200,005.65. Following the transaction, the chief technology officer owned 970,753 shares in the company, valued at $5,678,905.05. The trade was a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 25.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CXM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Sprinklr by 2.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company’s stock valued at $988,000 after purchasing an additional 2,478 shares in the last quarter. Millennium Management LLC raised its position in Sprinklr by 4.6% in the 1st quarter. Millennium Management LLC now owns 581,361 shares of the company’s stock valued at $4,854,000 after buying an additional 25,609 shares during the last quarter. Caxton Associates LLP bought a new stake in Sprinklr in the 1st quarter valued at approximately $287,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Sprinklr by 4.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 260,769 shares of the company’s stock valued at $2,177,000 after acquiring an additional 10,136 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Sprinklr by 166.9% during the 2nd quarter. American Century Companies Inc. now owns 171,746 shares of the company’s stock worth $1,453,000 after acquiring an additional 107,394 shares during the last quarter. Institutional investors own 40.19% of the company’s stock.

About Sprinklr

Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.