Sprinklr, Inc. (NYSE:CXM - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $8.55, but opened at $9.00. Sprinklr shares last traded at $9.07, with a volume of 1,111,036 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 13th. Cantor Fitzgerald assumed coverage on shares of Sprinklr in a research report on Tuesday. They issued a "neutral" rating and a $8.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Thursday. DA Davidson increased their price objective on shares of Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Wells Fargo & Company increased their price objective on shares of Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $10.25.
Check Out Our Latest Research Report on CXM
Sprinklr Stock Down 2.5%
The stock has a market capitalization of $2.26 billion, a P/E ratio of 55.22, a P/E/G ratio of 2.31 and a beta of 0.81. The stock's 50 day moving average price is $7.86 and its 200-day moving average price is $8.42.
Sprinklr (NYSE:CXM - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Sprinklr had a net margin of 5.59% and a return on equity of 7.84%. The company had revenue of $205.50 million during the quarter, compared to the consensus estimate of $201.83 million. During the same period last year, the firm earned $0.09 earnings per share. Sprinklr's revenue was up 4.9% compared to the same quarter last year. Analysts anticipate that Sprinklr, Inc. will post 0.1 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Neeraj Agrawal sold 26,053 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the transaction, the director now directly owns 968,306 shares in the company, valued at $8,985,879.68. The trade was a 2.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 60.53% of the stock is owned by company insiders.
Institutional Investors Weigh In On Sprinklr
Several institutional investors and hedge funds have recently made changes to their positions in CXM. Barclays PLC lifted its stake in shares of Sprinklr by 283.7% during the third quarter. Barclays PLC now owns 242,990 shares of the company's stock worth $1,878,000 after buying an additional 179,661 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Sprinklr during the fourth quarter worth $89,000. Janney Montgomery Scott LLC acquired a new stake in shares of Sprinklr during the fourth quarter worth $989,000. Bank of New York Mellon Corp lifted its stake in shares of Sprinklr by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company's stock worth $12,627,000 after buying an additional 11,513 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Sprinklr by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company's stock worth $8,917,000 after buying an additional 18,021 shares during the period. 40.19% of the stock is currently owned by institutional investors and hedge funds.
Sprinklr Company Profile
(
Get Free Report)
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.
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