Sprinklr (NYSE:CXM) Trading Up 1.2% – Still a Buy?

Sprinklr, Inc. (NYSE:CXM) shares traded up 1.2% on Thursday . The stock traded as high as $7.93 and last traded at $7.91. 163,682 shares traded hands during trading, a decline of 93% from the average session volume of 2,261,144 shares. The stock had previously closed at $7.82.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wells Fargo & Company cut shares of Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $8.00 to $6.00 in a research report on Tuesday, November 12th. Cantor Fitzgerald dropped their target price on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Rosenblatt Securities dropped their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. DA Davidson lowered their price target on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Scotiabank initiated coverage on Sprinklr in a report on Tuesday. They issued a “sector perform” rating and a $7.70 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.61.

Sprinklr Stock Up 4.0 %

The firm has a 50 day moving average of $7.52 and a 200-day moving average of $9.00. The company has a market cap of $2.06 billion, a P/E ratio of 43.95, a PEG ratio of 2.32 and a beta of 0.76.

Sprinklr (NYSE:CXM) last issued its 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 net margin of 6.54% and a return on equity of 8.40%. The company had revenue of $197.21 million for the quarter, compared to analysts’ expectations of $194.58 million. On average, research analysts predict that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Insider Transactions at Sprinklr

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares in the company, valued at approximately $3,794,068.63. This trade represents a 30.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Manish Sarin sold 22,738 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $178,038.54. Following the completion of the sale, the chief financial officer now owns 748,918 shares in the company, valued at $5,864,027.94. The trade was a 2.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock valued at $2,545,967 in the last quarter. 30.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

Several large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Sprinklr by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after purchasing an additional 1,117 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Sprinklr by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock valued at $580,000 after purchasing an additional 1,700 shares during the period. CWM LLC lifted its stake in shares of Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after purchasing an additional 1,904 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Sprinklr by 12.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock valued at $220,000 after purchasing an additional 2,450 shares during the period. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.