Sprinklr (NYSE:CXM) Trading Up 4.8% - Time to Buy?

Sprinklr, Inc. (NYSE:CXM - Get Free Report) shares shot up 4.8% on Wednesday . The stock traded as high as $7.51 and last traded at $7.48. 544,503 shares were traded during trading, a decline of 75% from the average session volume of 2,214,669 shares. The stock had previously closed at $7.14.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CXM shares. Wells Fargo & Company lowered their price objective on shares of Sprinklr from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 5th. Rosenblatt Securities cut their price objective on Sprinklr from $14.00 to $11.00 and set a "buy" rating for the company in a report on Tuesday, September 3rd. Cantor Fitzgerald reduced their price objective on Sprinklr from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Morgan Stanley dropped their target price on Sprinklr from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 5th. Finally, KeyCorp reduced their price target on shares of 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 assigned a buy rating to the stock. According to data from MarketBeat, Sprinklr presently has a consensus rating of "Hold" and a consensus price target of $10.00.

Sprinklr Stock Up 6.6 %

The stock's 50 day moving average price is $7.61 and its 200-day moving average price is $9.29. The stock has a market capitalization of $1.93 billion, a PE ratio of 41.06, a PEG ratio of 2.25 and a beta of 0.76.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $197.21 million for the quarter, compared to analysts' expectations of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. On average, analysts forecast that Sprinklr, Inc. will post 0.11 earnings per share for the current year.

Insider Activity

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the business's stock in a transaction on 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 transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the business'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 transaction of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Arun Pattabhiraman sold 10,291 shares of the 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 $80,578.53. Following the completion of the sale, the chief marketing officer now owns 448,947 shares in the company, valued at approximately $3,515,255.01. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock valued at $2,545,967 in the last ninety days. Insiders own 30.12% of the company's stock.

Institutional Trading of Sprinklr

Several institutional investors and hedge funds have recently modified their holdings of CXM. The Manufacturers Life Insurance Company increased its stake in shares of Sprinklr by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company's stock valued at $627,000 after buying an additional 1,117 shares during the period. CIBC Asset Management Inc increased its position in Sprinklr by 15.6% during the 2nd 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. Louisiana State Employees Retirement System raised its holdings in shares of Sprinklr by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company's stock valued at $580,000 after purchasing an additional 1,700 shares in the last quarter. CWM LLC lifted its position in shares of 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 period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Sprinklr by 12.0% during the second quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company's stock valued at $220,000 after purchasing an additional 2,450 shares in the last quarter. 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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