Sprinklr (NYSE:CXM) Reaches New 52-Week Low at $14.60

Shares of Sprinklr, Inc. (NYSE:CXM) reached a new 52-week low during trading on Tuesday . The stock traded as low as $14.60 and last traded at $14.80, with a volume of 13007 shares trading hands. The stock had previously closed at $15.46.

Several analysts recently commented on the stock. Barclays increased their target price on shares of Sprinklr from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, September 10th. Wells Fargo & Company cut their target price on shares of Sprinklr from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, September 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sprinklr has a consensus rating of “Buy” and an average price target of $23.97.

The company’s fifty day moving average is $17.63.

Sprinklr (NYSE:CXM) last released its quarterly earnings results on Thursday, September 9th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.01. The firm had revenue of $118.69 million for the quarter, compared to analyst estimates of $109.12 million. As a group, sell-side analysts expect that Sprinklr, Inc. will post -0.6 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in CXM. Cubist Systematic Strategies LLC acquired a new position in Sprinklr in the 2nd quarter valued at approximately $29,000. Royal Bank of Canada acquired a new position in Sprinklr in the 2nd quarter valued at approximately $31,000. Gemmer Asset Management LLC acquired a new position in Sprinklr in the 3rd quarter valued at approximately $37,000. PNC Financial Services Group Inc. acquired a new position in Sprinklr in the 2nd quarter valued at approximately $42,000. Finally, First Manhattan Co. acquired a new position in Sprinklr in the 3rd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 35.63% of the company’s stock.

About Sprinklr (NYSE:CXM)

Sprinklr, Inc develops and provides a cloud-based unified customer experience management platform for enterprises worldwide. It enables organizations to do marketing, advertising, research, care, sales, and engagement across modern channels, including social, messaging, chat, and text through its unified customer experience management software platform.

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