Sprinklr (NYSE:CXM) Stock Price Up 1.5% - Should You Buy?

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

Analysts Set New Price Targets

Several brokerages recently weighed in on CXM. Cantor Fitzgerald cut their price objective on shares of Sprinklr from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Barclays lowered shares of Sprinklr from an "overweight" rating to an "underweight" rating and reduced their price objective for the company from $10.00 to $7.00 in a research note on Monday, October 7th. JMP Securities reissued a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a research report on Thursday, September 5th. Rosenblatt Securities reduced their price target on Sprinklr from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Tuesday, September 3rd. Finally, Morgan Stanley lowered their price objective on Sprinklr from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $10.00.

Sprinklr Price Performance

The firm has a market cap of $1.96 billion, a P/E ratio of 35.12, a PEG ratio of 2.10 and a beta of 0.76. The company's 50 day moving average is $7.79 and its two-hundred day moving average is $9.46.

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

Insider Activity

In other news, major shareholder Roger H. Lee sold 44,884 shares of the company's 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 sale, the insider now directly owns 739,799 shares in the company, valued at approximately $5,792,626.17. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Diane Adams sold 4,282 shares of the stock in a transaction dated 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 in the company, valued at $3,061,060.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Roger H. Lee sold 44,884 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $7.83, for a total transaction of $351,441.72. Following the completion of the transaction, the insider now owns 739,799 shares in the company, valued at approximately $5,792,626.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 335,975 shares of company stock worth $2,527,184. Corporate insiders own 30.12% of the company's stock.

Institutional Trading of Sprinklr

Several hedge funds have recently modified their holdings of CXM. CWM LLC grew its position in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company's stock worth $35,000 after acquiring an additional 1,904 shares during the last quarter. 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 buying an additional 1,694 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Sprinklr during the 3rd quarter worth about $105,000. Susquehanna Fundamental Investments LLC acquired a new stake in Sprinklr in the 1st quarter valued at about $166,000. Finally, Simplicity Wealth LLC bought a new position in shares of Sprinklr in the second quarter worth about $148,000. Institutional investors and hedge funds 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.