Sprinklr (NYSE:CXM) Stock Price Down 1.1% – Here’s What Happened

Sprinklr, Inc. (NYSE:CXM) shares traded down 1.1% during trading on Tuesday . The company traded as low as $7.77 and last traded at $8.20. 763,203 shares were traded during trading, a decline of 66% from the average session volume of 2,239,862 shares. The stock had previously closed at $8.29.

Analyst Ratings Changes

A number of analysts recently issued reports on CXM shares. KeyCorp lowered their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Wells Fargo & Company downgraded Sprinklr from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $8.00 to $6.00 in a research report on Tuesday. 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 report on Tuesday, September 3rd. Morgan Stanley cut their price target on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.80.

Sprinklr Stock Performance

The stock’s 50 day moving average is $7.52 and its two-hundred day moving average is $9.18. The stock has a market capitalization of $2.08 billion, a PE ratio of 45.56, a price-to-earnings-growth ratio of 2.26 and a beta of 0.76.

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

Insider Transactions at Sprinklr

In other news, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the sale, the insider now owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Sprinklr news, major shareholder Roger H. Lee sold 44,884 shares of the company’s stock in a transaction on Monday, September 9th. The shares were 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 in the company, valued at $5,792,626.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Roger H. Lee sold 225,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the sale, the insider now owns 514,799 shares of the company’s stock, valued at $3,794,068.63. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after buying an additional 1,904 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Sprinklr in the 3rd quarter valued at $105,000. CIBC Asset Management Inc boosted its holdings 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 valued at $120,000 after purchasing an additional 1,694 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Sprinklr in the 3rd quarter valued at $129,000. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of Sprinklr in the 3rd quarter valued at $142,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

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.