Sprinklr, Inc. (NYSE:CXM – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $5.62, but opened at $5.15. Sprinklr shares last traded at $5.47, with a volume of 732,441 shares.
Analysts Set New Price Targets
CXM has been the topic of a number of recent research reports. Weiss Ratings downgraded Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 30th. Morgan Stanley decreased their price target on Sprinklr from $10.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, March 16th. Citizens Jmp lowered their price target on Sprinklr from $17.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Thursday, March 12th. DA Davidson dropped their price objective on Sprinklr from $6.50 to $6.25 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Finally, Wall Street Zen raised Sprinklr from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $8.28.
Sprinklr Stock Performance
Sprinklr (NYSE:CXM – Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $219.48 million during the quarter, compared to analysts’ expectations of $215.89 million. Sprinklr had a return on equity of 7.86% and a net margin of 2.67%.Sprinklr’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. On average, research analysts predict that Sprinklr, Inc. will post 0.22 EPS for the current fiscal year.
Insider Activity at Sprinklr
In other news, CTO Amitabh Misra sold 34,189 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $5.85, for a total value of $200,005.65. Following the transaction, the chief technology officer directly owned 970,753 shares of the company’s stock, valued at $5,678,905.05. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 25.18% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Sprinklr
Several institutional investors and hedge funds have recently made changes to their positions in CXM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sprinklr by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company’s stock worth $988,000 after buying an additional 2,478 shares during the period. Millennium Management LLC increased its holdings 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. Caxton Associates LLP bought a new stake in Sprinklr during the 1st quarter worth approximately $287,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 worth $2,177,000 after buying an additional 10,136 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Sprinklr by 166.9% in the second quarter. American Century Companies Inc. now owns 171,746 shares of the company’s stock valued at $1,453,000 after acquiring an additional 107,394 shares during the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.
About Sprinklr
Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.
Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.
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