Sprinklr (NYSE:CXM) Stock Price Up 1.5% – Still a Buy?

Sprinklr, Inc. (NYSE:CXM) traded up 1.5% on Monday . The company traded as high as $7.45 and last traded at $7.43. 106,271 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 2,173,150 shares. The stock had previously closed at $7.32.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Cantor Fitzgerald decreased their target price on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. DA Davidson decreased their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Rosenblatt Securities decreased their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. JMP Securities restated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research note on Thursday, September 5th. Finally, Morgan Stanley decreased their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sprinklr currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Sprinklr Stock Performance

The firm has a 50-day moving average price of $7.82 and a 200 day moving average price of $9.49. The stock has a market capitalization of $1.96 billion, a P/E ratio of 35.24, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76.

Sprinklr (NYSE:CXM) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $194.58 million. On average, equities analysts anticipate that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Diane Adams sold 12,915 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total transaction of $101,124.45. Following the transaction, the insider now directly owns 376,942 shares in the company, valued at $2,951,455.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Sprinklr news, insider Diane Adams sold 12,915 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 owns 376,942 shares in the company, valued at approximately $2,951,455.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Roger H. Lee sold 44,884 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $7.83, for a total value of $351,441.72. Following the completion of the sale, the insider now owns 739,799 shares of the company’s stock, valued at approximately $5,792,626.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 335,975 shares of company stock worth $2,527,184 in the last ninety days. 30.12% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprinklr

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Sprinklr by 30.6% in the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after buying an additional 3,575,001 shares during the period. Solel Partners LP lifted its stake 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 purchasing an additional 1,176,726 shares during the period. Letko Brosseau & Associates Inc. lifted 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 during the period. Federated Hermes Inc. lifted its stake in shares of Sprinklr by 107,818.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock valued at $16,320,000 after purchasing an additional 1,694,900 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Sprinklr by 25.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 889,269 shares of the company’s stock valued at $8,555,000 after purchasing an additional 178,437 shares during the period. Hedge funds and other 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.