Sprinklr (NYSE:CXM) Trading 3.3% Higher - Should You Buy?

Sprinklr, Inc. (NYSE:CXM - Get Free Report)'s share price shot up 3.3% during trading on Tuesday . The company traded as high as $7.61 and last traded at $7.61. 155,246 shares were traded during trading, a decline of 93% from the average session volume of 2,174,281 shares. The stock had previously closed at $7.37.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Citigroup decreased their price target on shares of Sprinklr from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Rosenblatt Securities decreased their target price on Sprinklr from $14.00 to $11.00 and set a "buy" rating for the company in a report on Tuesday, September 3rd. Cantor Fitzgerald cut their price target on Sprinklr from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. JMP Securities reiterated a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Thursday, September 5th. Finally, Barclays lowered shares of Sprinklr from an "overweight" rating to an "underweight" rating and cut their target price for the stock from $10.00 to $7.00 in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $10.00.

Sprinklr Price Performance

The stock has a 50-day moving average price of $7.76 and a 200-day moving average price of $9.43. The firm has a market capitalization of $2.00 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76.

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. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The company had revenue of $197.21 million during the quarter, compared to analyst estimates of $194.58 million. As a group, equities research analysts predict that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Roger H. Lee sold 225,000 shares of the company's stock in a transaction that occurred on 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 directly owns 514,799 shares of the company's stock, valued at approximately $3,794,068.63. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the sale, the insider now owns 514,799 shares of the company's stock, valued at $3,794,068.63. 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 accessible through the SEC website. Also, CEO Ragy Thomas sold 12,902 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 transaction of $101,022.66. Following the completion of the transaction, the chief executive officer now owns 1,051,182 shares of the company's stock, valued at approximately $8,230,755.06. 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 over the last quarter. 30.12% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sprinklr

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in shares of Sprinklr in the first quarter valued at approximately $883,000. SG Americas Securities LLC acquired a new position in shares of Sprinklr during the 2nd quarter valued at $553,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Sprinklr in the 1st quarter worth $494,000. Vanguard Group Inc. lifted its holdings 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 valued at $187,105,000 after buying an additional 3,575,001 shares during the period. Finally, Bayesian Capital Management LP bought a new position in Sprinklr during the first quarter valued at about $1,012,000. 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.