Sprinklr (NYSE:CXM) Shares Up 1.7% – Should You Buy?

Shares of Sprinklr, Inc. (NYSE:CXM) rose 1.7% during mid-day trading on Wednesday . The company traded as high as $7.93 and last traded at $7.91. Approximately 118,357 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 2,261,059 shares. The stock had previously closed at $7.78.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CXM shares. Morgan Stanley dropped their price target on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. DA Davidson cut their price objective on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research note on Thursday, September 5th. Wells Fargo & Company cut shares of Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. Finally, Rosenblatt Securities reduced their price objective on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Sprinklr currently has a consensus rating of “Hold” and a consensus target price of $9.61.

Sprinklr Price Performance

The firm has a 50 day moving average price of $7.51 and a 200-day moving average price of $9.01. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 43.94, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The firm 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, sell-side analysts expect that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Insider Buying and Selling at Sprinklr

In related news, 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 transaction of $351,441.72. Following the completion of the transaction, the insider now owns 739,799 shares in the company, valued at approximately $5,792,626.17. This trade represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Diane Adams sold 4,282 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $33,528.06. Following the completion of the transaction, the insider now directly owns 390,940 shares in the company, valued at $3,061,060.20. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CXM. Geode Capital Management LLC grew its stake in Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after buying an additional 295,638 shares in the last quarter. Barclays PLC boosted its holdings in shares of Sprinklr by 283.7% during the 3rd quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after acquiring an additional 179,661 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Sprinklr during the 3rd quarter worth approximately $806,000. State Street Corp lifted its holdings in shares of Sprinklr by 7.2% during the third quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after purchasing an additional 322,318 shares during the period. Finally, Petrus Trust Company LTA lifted its holdings in Sprinklr by 109.5% during the 3rd quarter. Petrus Trust Company LTA now owns 88,178 shares of the company’s stock worth $682,000 after buying an additional 46,093 shares during the period. 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.