Sprinklr (NYSE:CXM) Shares Gap Down to $12.49

Sprinklr, Inc. (NYSE:CXMGet Rating) shares gapped down before the market opened on Wednesday . The stock had previously closed at $12.49, but opened at $12.11. Sprinklr shares last traded at $11.17, with a volume of 9,814 shares traded.

Wall Street Analysts Forecast Growth

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

Sprinklr Price Performance

The company has a market capitalization of $2.76 billion, a PE ratio of -24.34 and a beta of 0.63. The company’s 50 day simple moving average is $11.66 and its 200 day simple moving average is $11.87.

Sprinklr (NYSE:CXMGet Rating) last announced its quarterly earnings results on Thursday, September 8th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $150.60 million for the quarter, compared to analyst estimates of $147.45 million. Sprinklr had a negative net margin of 20.66% and a negative return on equity of 20.08%. The firm’s revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.20) earnings per share. On average, equities analysts forecast that Sprinklr, Inc. will post -0.33 EPS for the current year.

Insider Buying and Selling at Sprinklr

In other news, CMO Arun Pattabhiraman sold 17,812 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $10.18, for a total transaction of $181,326.16. Following the transaction, the chief marketing officer now directly owns 352,863 shares in the company, valued at $3,592,145.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Manish Sarin sold 3,760 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $10.18, for a total transaction of $38,276.80. Following the transaction, the chief financial officer now directly owns 562,946 shares in the company, valued at $5,730,790.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Arun Pattabhiraman sold 17,812 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $10.18, for a total transaction of $181,326.16. Following the transaction, the chief marketing officer now owns 352,863 shares in the company, valued at $3,592,145.34. The disclosure for this sale can be found here. Insiders have sold 172,988 shares of company stock worth $1,998,214 over the last three months. Insiders own 43.75% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. purchased a new position in Sprinklr in the 4th quarter valued at $651,000. Northern Trust Corp grew its position in Sprinklr by 61.5% in the 4th quarter. Northern Trust Corp now owns 49,437 shares of the company’s stock valued at $785,000 after buying an additional 18,833 shares during the last quarter. HighTower Advisors LLC purchased a new position in Sprinklr in the 4th quarter valued at $1,329,000. Qube Research & Technologies Ltd purchased a new position in Sprinklr in the 4th quarter valued at $777,000. Finally, Optimus Prime Fund Management Co. Ltd. grew its position in Sprinklr by 8.3% in the 4th quarter. Optimus Prime Fund Management Co. Ltd. now owns 130,000 shares of the company’s stock valued at $2,063,000 after buying an additional 10,000 shares during the last quarter. 53.95% of the stock is currently 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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