Sprinklr (NYSE:CXM) Hits New 1-Year Low at $9.36

Sprinklr, Inc. (NYSE:CXMGet Rating) shares hit a new 52-week low on Friday . The stock traded as low as $9.36 and last traded at $9.36, with a volume of 1245 shares traded. The stock had previously closed at $9.65.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CXM shares. Morgan Stanley boosted their price target on shares of Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Friday, September 9th. Barclays boosted their price target on shares of Sprinklr from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 15th. Citigroup boosted their price target on shares of Sprinklr from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, September 15th. JPMorgan Chase & Co. reduced their price target on shares of Sprinklr from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 15th. Finally, Stifel Nicolaus reduced their price target on shares of Sprinklr from $18.00 to $15.00 in a research report on Wednesday, June 15th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.13.

Sprinklr Price Performance

The firm has a market cap of $2.45 billion, a P/E ratio of -21.32 and a beta of 0.63. The stock’s 50-day simple moving average is $11.60 and its two-hundred day simple moving average is $11.80.

Sprinklr (NYSE:CXMGet Rating) last posted its quarterly earnings data on Thursday, September 8th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $150.60 million for the quarter, compared to analysts’ expectations of $147.45 million. Sprinklr had a negative net margin of 20.66% and a negative return on equity of 20.08%. The business’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.20) earnings per share. As a group, sell-side analysts expect that Sprinklr, Inc. will post -0.32 earnings per share for the current year.

Insider Transactions at Sprinklr

In other news, CFO Manish Sarin sold 3,931 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $10.21, for a total value of $40,135.51. Following the transaction, the chief financial officer now directly owns 559,015 shares in the company, valued at $5,707,543.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Manish Sarin sold 3,931 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $10.21, for a total value of $40,135.51. Following the completion of the sale, the chief financial officer now directly owns 559,015 shares of the company’s stock, valued at $5,707,543.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Pavitar Singh sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $12.50, for a total transaction of $31,250.00. Following the completion of the sale, the chief technology officer now directly owns 269,738 shares of the company’s stock, valued at $3,371,725. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,419 shares of company stock worth $1,511,120. Insiders own 43.75% of the company’s stock.

Institutional Trading of Sprinklr

A number of hedge funds have recently added to or reduced their stakes in CXM. 12 West Capital Management LP lifted its position in shares of Sprinklr by 152.8% during the fourth quarter. 12 West Capital Management LP now owns 5,820,639 shares of the company’s stock valued at $92,374,000 after buying an additional 3,517,844 shares during the last quarter. Cadian Capital Management LP raised its position in shares of Sprinklr by 185.6% in the 1st quarter. Cadian Capital Management LP now owns 4,564,486 shares of the company’s stock valued at $54,317,000 after purchasing an additional 2,966,155 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Sprinklr by 180.0% in the 1st quarter. Vanguard Group Inc. now owns 4,611,375 shares of the company’s stock valued at $54,875,000 after purchasing an additional 2,964,701 shares during the last quarter. EDBI Pte Ltd purchased a new position in shares of Sprinklr in the 4th quarter valued at approximately $17,628,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Sprinklr in the 1st quarter valued at approximately $11,368,000. 53.95% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Company Profile

(Get Rating)

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.

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