Sprinklr (NYSE:CXM) Stock Price Up 1.8% – Still a Buy?

Shares of Sprinklr, Inc. (NYSE:CXM) were up 1.8% during mid-day trading on Monday . The company traded as high as $8.52 and last traded at $8.45. Approximately 333,131 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 2,267,126 shares. The stock had previously closed at $8.30.

Wall Street Analyst Weigh In

CXM has been the topic of a number of recent research reports. Barclays downgraded Sprinklr from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $10.00 to $7.00 in a report on Monday, October 7th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a report on Thursday, September 5th. Wells Fargo & Company cut shares of Sprinklr from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. KeyCorp dropped their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, Citigroup reduced their price objective 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 analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.61.

Sprinklr Trading Up 0.4 %

The company has a 50 day simple moving average of $7.55 and a two-hundred day simple moving average of $8.85. The firm has a market capitalization of $2.08 billion, a P/E ratio of 45.61, a P/E/G ratio of 2.48 and a beta of 0.76.

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

Insider Transactions at Sprinklr

In other news, CMO Arun Pattabhiraman sold 10,291 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 $80,578.53. Following the sale, the chief marketing officer now directly owns 448,947 shares in the company, valued at approximately $3,515,255.01. This represents a 2.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $7.83, for a total value of $351,441.72. Following the completion of the transaction, the insider now owns 739,799 shares of the company’s stock, valued at approximately $5,792,626.17. This represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Sprinklr by 30.6% during the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after buying an additional 3,575,001 shares during the period. State Street Corp grew its position in shares of Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after buying an additional 322,318 shares in the last quarter. Solel Partners LP increased its stake in shares of Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after buying an additional 1,176,726 shares during the period. Geode Capital Management LLC raised its holdings in shares of Sprinklr by 11.9% in the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after acquiring an additional 295,638 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. lifted its stake in Sprinklr by 63.5% in the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after acquiring an additional 827,375 shares during the period. 40.19% of the stock is owned by institutional investors.

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.