Sprinklr (NYSE:CXM) Stock Price Up 1.2% - Still a Buy?

Sprinklr, Inc. (NYSE:CXM - Get Free Report) shot up 1.2% on Wednesday . The company traded as high as $7.64 and last traded at $7.63. 98,054 shares were traded during trading, a decline of 95% from the average session volume of 2,176,094 shares. The stock had previously closed at $7.54.

Wall Street Analyst Weigh In

CXM has been the subject of several recent research reports. Rosenblatt Securities lowered their price target on shares of Sprinklr from $14.00 to $11.00 and set a "buy" rating for the company in a research note on Tuesday, September 3rd. Morgan Stanley cut their price target on shares of Sprinklr from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald decreased their price target on shares of Sprinklr from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Citigroup dropped their price target on Sprinklr from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Finally, DA Davidson lowered their price objective on Sprinklr from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.00.

Sprinklr Stock Down 2.2 %

The stock has a market cap of $1.87 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76. The firm has a 50 day moving average price of $7.73 and a 200 day moving average price of $9.41.

Sprinklr (NYSE:CXM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 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 firm had revenue of $197.21 million during the quarter, compared to analyst estimates of $194.58 million. Equities analysts forecast that Sprinklr, Inc. will post 0.11 earnings per share for the current year.

Insider Activity

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 $3,794,068.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $7.83, for a total value of $351,441.72. Following the completion of the transaction, the insider now owns 739,799 shares in the company, valued at $5,792,626.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Roger H. Lee sold 225,000 shares of the firm's stock in a transaction on 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 completion of the sale, the insider now owns 514,799 shares in the company, valued at approximately $3,794,068.63. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 338,480 shares of company stock valued at $2,545,967 in the last ninety days. Insiders own 30.12% of the company's stock.

Institutional Investors Weigh In On Sprinklr

Several institutional investors have recently modified their holdings of the company. Horrell Capital Management Inc. raised its position in shares of Sprinklr by 31.7% in the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company's stock worth $5,295,000 after buying an additional 165,000 shares during the period. GW Henssler & Associates Ltd. acquired a new position in shares of Sprinklr during the third quarter worth approximately $142,000. LB Partners LLC bought a new position in Sprinklr in the 3rd quarter valued at about $304,000. Everence Capital Management Inc. acquired a new position in shares of Sprinklr during the 3rd quarter valued at $105,000. Finally, Handelsbanken Fonder AB grew its stake in shares of Sprinklr by 41.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company's stock worth $209,000 after purchasing an additional 8,000 shares during the last quarter. 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.