Sprinklr (NYSE:CXM) Trading Up 4.6% - What's Next?

Sprinklr, Inc. (NYSE:CXM - Get Free Report)'s share price shot up 4.6% on Monday . The company traded as high as $7.97 and last traded at $7.91. 537,254 shares traded hands during trading, a decline of 76% from the average session volume of 2,234,901 shares. The stock had previously closed at $7.56.

Wall Street Analysts Forecast Growth

CXM has been the subject of a number of analyst reports. Citigroup reduced their price objective on Sprinklr from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Cantor Fitzgerald lowered their price target on shares of Sprinklr from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a report on Thursday, September 5th. Rosenblatt Securities reduced their target price 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. Finally, Morgan Stanley decreased 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 report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $10.00.

Sprinklr Stock Up 8.9 %

The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 43.95, a price-to-earnings-growth ratio of 2.26 and a beta of 0.76. The firm's 50 day moving average is $7.53 and its 200 day moving average is $9.20.

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. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The business had revenue of $197.21 million during the quarter, compared to analyst estimates of $194.58 million. On average, sell-side analysts predict that Sprinklr, Inc. will post 0.11 earnings per share for the current year.

Insider Buying and Selling

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 completion of the sale, the insider now owns 514,799 shares of the company's stock, valued at approximately $3,794,068.63. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Roger H. Lee sold 225,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,794,068.63. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ragy Thomas sold 12,902 shares of the company'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 value of $101,022.66. Following the sale, the chief executive officer now directly owns 1,051,182 shares of the company's stock, valued at $8,230,755.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 338,480 shares of company stock worth $2,545,967. Insiders own 30.12% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its stake in shares of Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company's stock valued at $35,000 after buying an additional 1,904 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Sprinklr during the 3rd quarter worth approximately $105,000. CIBC Asset Management Inc increased its position in shares of Sprinklr by 15.6% during the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company's stock valued at $120,000 after purchasing an additional 1,694 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Sprinklr in the third quarter valued at $129,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in Sprinklr during the third quarter worth $142,000. 40.19% of the stock is 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.

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