Sprinklr (NYSE:CXM) Sets New 1-Year Low at $7.23

Sprinklr, Inc. (NYSE:CXM) shares reached a new 52-week low on Wednesday . The stock traded as low as $7.23 and last traded at $7.26, with a volume of 101741 shares traded. The stock had previously closed at $7.35.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CXM. Morgan Stanley reduced their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company decreased their price objective on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. KeyCorp cut their target price on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Thursday, September 5th. Finally, Barclays reduced their price objective on shares of Sprinklr from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.30.

Sprinklr Stock Performance

The business’s 50-day moving average is $8.54 and its 200-day moving average is $10.17. The company has a market capitalization of $1.92 billion, a PE ratio of 34.95, a PEG ratio of 2.25 and a beta of 0.78.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The business had revenue of $197.21 million during the quarter, compared to the consensus estimate of $194.58 million. Analysts expect that Sprinklr, Inc. will post 0.11 EPS for the current year.

Insider Buying and Selling at Sprinklr

In related news, major shareholder Roger H. Lee sold 225,000 shares of Sprinklr stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the sale, the insider now directly owns 514,799 shares in the company, valued at approximately $3,794,068.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Sprinklr news, major shareholder Roger H. Lee sold 44,884 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $7.83, for a total value of $351,441.72. Following the transaction, the insider now directly owns 739,799 shares of the company’s stock, valued at $5,792,626.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction dated 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. The disclosure for this sale can be found here. In the last ninety days, insiders sold 351,937 shares of company stock worth $2,675,185. 30.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its position in shares of Sprinklr by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after buying an additional 1,117 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Sprinklr by 15.6% during the second 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 in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Sprinklr by 2.9% in the second quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after purchasing an additional 1,700 shares during the period. CWM LLC increased its stake in shares of Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after purchasing an additional 1,904 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Sprinklr during the 1st quarter valued at $28,000. 40.19% of the stock is owned by 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.