Sprinklr (NYSE:CXM) Shares Up 4% - Here's Why

Sprinklr, Inc. (NYSE:CXM - Get Free Report) shares were up 4% during trading on Tuesday . The stock traded as high as $8.50 and last traded at $8.54. Approximately 997,156 shares were traded during trading, a decline of 50% from the average daily volume of 1,984,655 shares. The stock had previously closed at $8.21.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Scotiabank increased their price target on 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 began coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price objective for the company. Morgan Stanley boosted their price objective on Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Wells Fargo & Company raised their price target on shares of Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday, June 5th. Finally, JMP Securities reissued a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research report on Thursday, June 5th. Two 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, the company has a consensus rating of "Hold" and a consensus price target of $10.25.

Sprinklr Trading Up 2.6%

The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 52.66, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81. The stock has a 50-day moving average of $7.98 and a 200-day moving average of $8.45.

Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $205.50 million during the quarter, compared to analyst estimates of $201.83 million. Sprinklr had a return on equity of 7.84% and a net margin of 5.59%. Sprinklr's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. As a group, research analysts expect that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Insider Activity at Sprinklr

In related news, major shareholder Roger H. Lee sold 285,439 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $8.68, for a total value of $2,477,610.52. Following the completion of the transaction, the insider now owns 229,360 shares in the company, valued at $1,990,844.80. This trade represents a 55.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Battery Partners Ix, Llc sold 81,869 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $8.55, for a total transaction of $699,979.95. Following the sale, the insider now directly owns 82,500 shares in the company, valued at $705,375. This trade represents a 49.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 952,824 shares of company stock worth $8,293,482 over the last 90 days. Insiders own 60.53% of the company's stock.

Institutional Trading of Sprinklr

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Sprinklr by 4.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 260,769 shares of the company's stock valued at $2,177,000 after acquiring an additional 10,136 shares during the period. S Squared Technology LLC increased its holdings in Sprinklr by 78.0% during the first quarter. S Squared Technology LLC now owns 445,039 shares of the company's stock valued at $3,716,000 after buying an additional 195,039 shares during the last quarter. Caxton Associates LLP bought a new stake in Sprinklr during the 1st quarter worth approximately $287,000. PharVision Advisers LLC bought a new position in shares of Sprinklr in the first quarter worth about $190,000. Finally, Millennium Management LLC lifted its stake in Sprinklr by 4.6% in the 1st quarter. Millennium Management LLC now owns 581,361 shares of the company's stock worth $4,854,000 after purchasing an additional 25,609 shares in the last quarter. Institutional investors own 40.19% of the company's stock.

Sprinklr Company Profile

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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