Sprinklr (NYSE:CXM) Trading Down 1.6% – What’s Next?

Sprinklr, Inc. (NYSE:CXM) traded down 1.6% on Friday . The company traded as low as $7.60 and last traded at $7.62. 303,271 shares were traded during mid-day trading, a decline of 87% from the average session volume of 2,258,686 shares. The stock had previously closed at $7.74.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JMP Securities reissued a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research note on Thursday, September 5th. Rosenblatt Securities lowered their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. DA Davidson cut their price target on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Barclays lowered Sprinklr from an “overweight” rating to an “underweight” rating and lowered their price objective for the stock from $10.00 to $7.00 in a research report on Monday, October 7th. Finally, Citigroup cut their target price on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.80.

Sprinklr Stock Down 0.9 %

The business has a fifty day moving average of $7.50 and a 200 day moving average of $9.09. The firm has a market cap of $1.94 billion, a P/E ratio of 42.61, a PEG ratio of 2.41 and a beta of 0.76.

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

Insider Transactions at Sprinklr

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the 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 transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. This represents a 30.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Diane Adams sold 4,282 shares of Sprinklr stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $33,528.06. Following the completion of the sale, the insider now owns 390,940 shares of the company’s stock, valued at approximately $3,061,060.20. The trade was a 1.08 % 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 quarter. Company insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position 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 worth $187,105,000 after purchasing an additional 3,575,001 shares during the period. State Street Corp increased its holdings in Sprinklr by 7.2% in the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after buying an additional 322,318 shares during the period. Solel Partners LP raised its position in shares of Sprinklr by 46.8% in the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after buying an additional 1,176,726 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after acquiring an additional 295,638 shares during the period. Finally, Letko Brosseau & Associates Inc. boosted its position in shares of Sprinklr by 63.5% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after acquiring an additional 827,375 shares in the last quarter. Institutional investors own 40.19% of the company’s stock.

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.