Sprinklr, Inc. (NYSE:CXM - Get Free Report) shot up 1.8% during trading on Monday . The stock traded as high as $8.52 and last traded at $8.45. 333,131 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 2,267,126 shares. The stock had previously closed at $8.30.
Analyst Ratings Changes
Several brokerages recently weighed in on CXM. Cantor Fitzgerald cut their price objective on shares of Sprinklr from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Rosenblatt Securities reduced their price objective 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. Scotiabank initiated coverage on shares of Sprinklr in a research report on Tuesday, November 19th. They set a "sector perform" rating and a $7.70 target price on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. Finally, Citigroup decreased their price target on Sprinklr from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $9.61.
Read Our Latest Research Report on Sprinklr
Sprinklr Stock Performance
The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 46.95, a price-to-earnings-growth ratio of 2.48 and a beta of 0.76. The stock has a fifty day simple moving average of $7.53 and a 200-day simple moving average of $8.91.
Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business 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%. Sell-side analysts forecast that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal year.
Insider Activity
In other Sprinklr news, CEO Ragy Thomas sold 12,902 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $101,022.66. Following the sale, the chief executive officer now owns 1,051,182 shares of the company's stock, valued at $8,230,755.06. The trade was a 1.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Diane Adams sold 12,915 shares of Sprinklr stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $7.83, for a total transaction of $101,124.45. Following the sale, the insider now owns 376,942 shares in the company, valued at approximately $2,951,455.86. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 338,480 shares of company stock valued at $2,545,967. Insiders own 30.12% of the company's stock.
Hedge Funds Weigh In On Sprinklr
A number of hedge funds have recently modified their holdings of CXM. CWM LLC boosted its stake in Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company's stock valued at $35,000 after buying an additional 1,904 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Sprinklr in the 3rd quarter valued at $105,000. CIBC Asset Management Inc grew its holdings in shares of Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company's stock worth $120,000 after purchasing an additional 1,694 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Sprinklr during the 3rd quarter worth about $129,000. Finally, GW Henssler & Associates Ltd. bought a new position in Sprinklr during the 3rd quarter valued at about $142,000. 40.19% of the stock is owned by institutional investors and hedge funds.
Sprinklr Company Profile
(
Get Free Report)
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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