Sprinklr (NYSE:CXM) Trading Up 0.5% - What's Next?

Sprinklr, Inc. (NYSE:CXM - Get Free Report) shot up 0.5% on Thursday . The company traded as high as $7.44 and last traded at $7.41. 77,329 shares changed hands during trading, a decline of 96% from the average session volume of 2,179,141 shares. The stock had previously closed at $7.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. 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. Wells Fargo & Company dropped their target price on shares of Sprinklr from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Thursday, September 5th. Citigroup dropped their target price on shares of Sprinklr from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald dropped their target price on shares of Sprinklr from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Finally, JMP Securities restated a "market outperform" rating and issued a $17.00 target price on shares of Sprinklr in a report on Thursday, September 5th. One 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's stock. According to MarketBeat.com, Sprinklr currently has a consensus rating of "Hold" and an average price target of $10.00.

Sprinklr Trading Up 0.8 %

The company's 50 day moving average price is $7.70 and its two-hundred day moving average price is $9.40. The firm has a market cap of $1.88 billion, a PE ratio of 41.28, a PEG 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 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $197.21 million for the quarter, compared to the consensus estimate of $194.58 million. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. Equities research analysts expect that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Diane Adams sold 4,282 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $33,528.06. Following the sale, the insider now directly 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 Securities & Exchange Commission, which is available at this hyperlink. In other Sprinklr news, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr stock in a transaction 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 sale, the insider now directly owns 739,799 shares in the company, valued at approximately $5,792,626.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Diane Adams sold 4,282 shares of Sprinklr stock in a transaction on 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 approximately $3,061,060.20. 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 worth $2,545,967 in the last three months. Company insiders own 30.12% of the company's stock.

Institutional Trading of Sprinklr

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased 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 valued at $187,105,000 after acquiring an additional 3,575,001 shares during the last quarter. Solel Partners LP grew 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 worth $35,526,000 after buying an additional 1,176,726 shares in the last quarter. Letko Brosseau & Associates Inc. grew 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 worth $20,494,000 after buying an additional 827,375 shares in the last quarter. Federated Hermes Inc. grew 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 worth $16,320,000 after buying an additional 1,694,900 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew 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 worth $8,555,000 after buying an additional 178,437 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors.

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.