Sprinklr (NYSE:CXM) Stock Price Down 2.5% - Here's Why

Sprinklr, Inc. (NYSE:CXM - Get Free Report)'s stock price traded down 2.5% during trading on Friday . The company traded as low as $7.47 and last traded at $7.53. 149,269 shares changed hands during trading, a decline of 93% from the average session volume of 2,230,458 shares. The stock had previously closed at $7.72.

Wall Street Analysts Forecast Growth

CXM has been the subject of several research reports. DA Davidson decreased their price objective on shares of Sprinklr from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Thursday, September 5th. Rosenblatt Securities decreased their price objective on shares of Sprinklr from $14.00 to $11.00 and set a "buy" rating for the company in a report on Tuesday, September 3rd. Barclays lowered shares of Sprinklr from an "overweight" rating to an "underweight" rating and decreased their price objective for the stock from $10.00 to $7.00 in a report on Monday, October 7th. Morgan Stanley decreased their price objective on shares of Sprinklr from $12.00 to $10.00 and set an "equal weight" rating for the company in a report on Thursday, September 5th. Finally, JMP Securities restated a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr 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 issued a buy rating to the company. According to data from MarketBeat, Sprinklr has an average rating of "Hold" and an average target price of $10.00.

Sprinklr Stock Performance

The company's 50-day moving average is $7.56 and its 200 day moving average is $9.27. The company has a market capitalization of $1.92 billion, a PE ratio of 41.84, a P/E/G ratio of 2.27 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. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The company had revenue of $197.21 million for the quarter, compared to the consensus estimate of $194.58 million. On average, analysts forecast that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Insider Activity at Sprinklr

In other news, insider Diane Adams sold 4,282 shares of the firm's 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 sale, the insider now owns 390,940 shares of the company's stock, valued at $3,061,060.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Roger H. Lee sold 225,000 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Diane Adams sold 4,282 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $33,528.06. Following the completion of the transaction, the insider now directly owns 390,940 shares in the company, valued at approximately $3,061,060.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC raised its stake 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 period. Everence Capital Management Inc. bought a new stake in Sprinklr during the 3rd quarter worth approximately $105,000. CIBC Asset Management Inc raised its stake 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 acquiring an additional 1,694 shares during the period. GSA Capital Partners LLP bought a new stake in Sprinklr during the 3rd quarter worth approximately $129,000. Finally, GW Henssler & Associates Ltd. bought a new stake in Sprinklr during the 3rd quarter worth approximately $142,000. 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.

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