Sprinklr (NYSE:CXM) Trading Up 1.2% – Should You Buy?

Shares of Sprinklr, Inc. (NYSE:CXM) were up 1.2% during trading on Thursday . The company traded as high as $7.93 and last traded at $7.91. Approximately 163,682 shares changed hands during trading, a decline of 93% from the average daily volume of 2,261,144 shares. The stock had previously closed at $7.82.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CXM. Scotiabank assumed coverage on shares of Sprinklr in a research report on Tuesday. They issued a “sector perform” rating and a $7.70 price objective on the stock. KeyCorp cut their price objective 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. Wells Fargo & Company lowered Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $8.00 to $6.00 in a research note on Tuesday, November 12th. Barclays downgraded Sprinklr from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $10.00 to $7.00 in a research note on Monday, October 7th. Finally, JMP Securities restated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research note on Thursday, September 5th. Two research analysts have 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 MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.61.

Sprinklr Stock Performance

The business has a fifty day moving average price of $7.52 and a 200 day moving average price of $9.00. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 43.95, a PEG ratio of 2.32 and a beta of 0.76.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. As a group, equities analysts anticipate that Sprinklr, Inc. will post 0.11 EPS 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 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 $3,794,068.63. The trade was a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Diane Adams sold 4,282 shares of the firm’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 transaction of $33,528.06. Following the transaction, the insider now owns 390,940 shares of the company’s stock, valued at approximately $3,061,060.20. The trade was a 1.08 % 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 90 days. Insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC increased its position in shares of Sprinklr by 111.0% during the second quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after acquiring an additional 1,904 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Sprinklr during the third quarter valued at about $105,000. CIBC Asset Management Inc boosted its stake 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 buying an additional 1,694 shares during the last quarter. GSA Capital Partners LLP bought a new position in Sprinklr in the 3rd quarter valued at $129,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in Sprinklr during the third quarter worth about $142,000. 40.19% of the stock is owned by institutional investors and hedge funds.

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.