Sprinklr, Inc. (NYSE:CXM – Get Free Report) shares gapped down prior to trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $14.00 to $10.00. The stock had previously closed at $10.84, but opened at $8.41. Wells Fargo & Company currently has an equal weight rating on the stock. Sprinklr shares last traded at $9.25, with a volume of 2,218,498 shares trading hands.
Several other analysts have also issued reports on CXM. William Blair reissued an “outperform” rating on shares of Sprinklr in a research report on Monday, April 22nd. JMP Securities lowered their price target on shares of Sprinklr from $22.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday. DA Davidson lowered shares of Sprinklr from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $9.00 in a report on Thursday. Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a report on Thursday, March 28th. Finally, KeyCorp initiated coverage on shares of Sprinklr in a report on Thursday, March 21st. They set an “overweight” rating and a $19.00 target price on the stock. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.90.
Insiders Place Their Bets
In other Sprinklr news, CMO Arun Pattabhiraman sold 52,401 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the transaction, the chief marketing officer now owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CMO Arun Pattabhiraman sold 52,401 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the sale, the chief marketing officer now owns 491,862 shares of the company’s stock, valued at approximately $5,735,110.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jacob Scott sold 16,602 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $216,324.06. Following the completion of the sale, the general counsel now directly owns 197,994 shares of the company’s stock, valued at approximately $2,579,861.82. The disclosure for this sale can be found here. Insiders sold a total of 495,273 shares of company stock valued at $6,083,127 in the last quarter. Corporate insiders own 30.12% of the company’s stock.
Institutional Investors Weigh In On Sprinklr
Institutional investors have recently made changes to their positions in the business. RK Capital Management LLC boosted its stake in shares of Sprinklr by 29.0% in the 4th quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock valued at $6,190,000 after purchasing an additional 115,600 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Sprinklr by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock valued at $10,905,000 after buying an additional 27,652 shares during the period. Horrell Capital Management Inc. boosted its position in Sprinklr by 63.1% during the 4th quarter. Horrell Capital Management Inc. now owns 336,000 shares of the company’s stock valued at $4,045,000 after buying an additional 130,000 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Sprinklr during the 3rd quarter valued at $87,000. Finally, Federated Hermes Inc. boosted its position in Sprinklr by 234.5% during the 3rd quarter. Federated Hermes Inc. now owns 775,374 shares of the company’s stock valued at $10,731,000 after buying an additional 543,588 shares during the period. Hedge funds and other institutional investors own 40.19% of the company’s stock.
Sprinklr Stock Performance
The firm has a market cap of $2.57 billion, a PE ratio of 52.17, a PEG ratio of 2.06 and a beta of 0.84. The company’s 50-day simple moving average is $11.88 and its two-hundred day simple moving average is $12.57.
Sprinklr (NYSE:CXM – Get Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. The business had revenue of $194.21 million during the quarter, compared to analyst estimates of $188.50 million. On average, analysts expect that Sprinklr, Inc. will post 0.17 EPS for the current year.
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.