Sprinklr (NYSE:CXM) Stock Price Down 0.5% – Should You Sell?

Sprinklr, Inc. (NYSE:CXM)’s stock price was down 0.5% on Wednesday . The company traded as low as $8.12 and last traded at $8.14. Approximately 845,960 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 2,275,451 shares. The stock had previously closed at $8.18.

Analysts Set New Price Targets

CXM has been the subject of a number of recent research reports. Scotiabank began coverage on shares of Sprinklr in a research report on Tuesday, November 19th. They set a “sector perform” rating and a $7.70 price target for the company. DA Davidson decreased their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company cut Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. Rosenblatt Securities cut their price target on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Finally, Citigroup lowered 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.61.

Sprinklr Trading Up 0.4 %

The firm has a fifty day moving average of $7.56 and a 200 day moving average of $8.85. The company 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 quarterly earnings data on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The company had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. Sell-side analysts anticipate that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Insider Buying and Selling at Sprinklr

In related news, CFO Manish Sarin sold 22,738 shares of the business’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 $178,038.54. Following the transaction, the chief financial officer now directly owns 748,918 shares of the company’s stock, valued at approximately $5,864,027.94. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. This trade represents a 30.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 338,480 shares of company stock valued at $2,545,967. Company insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Sprinklr by 30.6% in the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after acquiring an additional 3,575,001 shares during the last quarter. State Street Corp increased its holdings in shares of Sprinklr by 7.2% in 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 last quarter. Solel Partners LP boosted its stake in 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 last quarter. Geode Capital Management LLC boosted 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 valued at $21,560,000 after buying an additional 295,638 shares during the last quarter. Finally, Letko Brosseau & Associates Inc. increased its stake in Sprinklr by 63.5% in the 2nd 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 last quarter. Institutional investors 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.