Sprinklr (NYSE:CXM) Shares Down 4.7% - What's Next?

Sprinklr, Inc. (NYSE:CXM - Get Free Report) traded down 4.7% on Tuesday . The stock traded as low as $7.22 and last traded at $7.24. 1,109,767 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 2,191,873 shares. The stock had previously closed at $7.60.

Wall Street Analysts Forecast Growth

CXM has been the topic of several recent research reports. Morgan Stanley cut their target price on shares of Sprinklr from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 5th. Barclays cut 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. DA Davidson lowered their target price on Sprinklr from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Rosenblatt Securities reduced their price target on Sprinklr from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Tuesday, September 3rd. Finally, KeyCorp lowered their price objective on Sprinklr from $16.00 to $12.00 and set an "overweight" rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.00.

Sprinklr Price Performance

The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 39.67, a PEG ratio of 2.25 and a beta of 0.76. The stock has a 50-day moving average price of $7.64 and a 200 day moving average price of $9.32.

Sprinklr (NYSE:CXM - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The company had revenue of $197.21 million for 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 year.

Insiders Place Their Bets

In related news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr 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 transaction, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 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 $5,792,626.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Roger H. Lee sold 225,000 shares of the company's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the transaction, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sprinklr

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company's stock worth $187,105,000 after buying an additional 3,575,001 shares in the last quarter. Solel Partners LP boosted its stake in shares of Sprinklr by 46.8% during the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company's stock worth $35,526,000 after acquiring an additional 1,176,726 shares in the last quarter. Letko Brosseau & Associates Inc. boosted its stake in shares of Sprinklr by 63.5% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company's stock worth $20,494,000 after acquiring an additional 827,375 shares in the last quarter. Federated Hermes Inc. raised its holdings in Sprinklr by 107,818.1% during the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company's stock worth $16,320,000 after purchasing an additional 1,694,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Sprinklr by 25.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 889,269 shares of the company's stock worth $8,555,000 after purchasing an additional 178,437 shares in the last quarter. 40.19% of the stock is owned by institutional investors and hedge funds.

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.