Sprinklr (NYSE:CXM) Trading 3% Higher - What's Next?

Shares of Sprinklr, Inc. (NYSE:CXM - Get Free Report) traded up 3% during trading on Thursday . The stock traded as high as $7.85 and last traded at $7.84. 367,036 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 2,226,154 shares. The stock had previously closed at $7.61.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays cut shares of Sprinklr from an "overweight" rating to an "underweight" rating and lowered their target price for the stock from $10.00 to $7.00 in a research note on Monday, October 7th. Morgan Stanley lowered their target price on shares of Sprinklr from $12.00 to $10.00 and set an "equal weight" rating for the company in a research note on Thursday, September 5th. Rosenblatt Securities lowered 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. Cantor Fitzgerald lowered their price objective 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. Finally, Citigroup lowered their price objective on shares of Sprinklr from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. One investment 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $10.00.

Sprinklr Stock Performance

The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 43.56, a price-to-earnings-growth ratio of 2.27 and a beta of 0.76. The business's fifty day simple moving average is $7.58 and its 200 day simple moving average is $9.28.

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, hitting analysts' consensus estimates of $0.01. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The firm had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. As a group, analysts forecast that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ragy Thomas sold 12,902 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $8,230,755.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Roger H. Lee sold 44,884 shares of the company's stock in a transaction dated 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 owns 739,799 shares in the company, valued at approximately $5,792,626.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ragy Thomas sold 12,902 shares of the company'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 $101,022.66. Following the completion of the sale, the chief executive officer now owns 1,051,182 shares in the company, valued at approximately $8,230,755.06. This trade represents a 0.00 % decrease in their position. 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 quarter. 30.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprinklr

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC grew its position in Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company's stock worth $35,000 after purchasing an additional 1,904 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Sprinklr in the third quarter valued at approximately $105,000. CIBC Asset Management Inc boosted its holdings in shares of Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company's stock valued at $120,000 after acquiring an additional 1,694 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Sprinklr in the third quarter valued at approximately $129,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of Sprinklr in the third quarter valued at approximately $142,000. Institutional investors and hedge funds own 40.19% of the company's stock.

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.

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