Sprinklr, Inc. (NYSE:CXM – Get Rating) shares shot up 7.8% during trading on Monday after Morgan Stanley raised their price target on the stock from $12.00 to $14.00. Morgan Stanley currently has an equal weight rating on the stock. Sprinklr traded as high as $13.26 and last traded at $13.26. 48,521 shares were traded during trading, a decline of 93% from the average session volume of 653,755 shares. The stock had previously closed at $12.30.
Other research analysts have also issued reports about the stock. Citigroup dropped their price target on shares of Sprinklr from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, June 16th. Barclays increased their price objective on shares of Sprinklr from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 15th. JPMorgan Chase & Co. dropped their price objective on shares of Sprinklr from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, June 15th. Finally, Stifel Nicolaus dropped their price objective on shares of Sprinklr from $18.00 to $15.00 in a research report on Wednesday, June 15th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.
Insiders Place Their Bets
In other news, CFO Manish Sarin sold 3,760 shares of the firm’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $10.18, for a total transaction of $38,276.80. Following the completion of the transaction, the chief financial officer now owns 562,946 shares of the company’s stock, valued at $5,730,790.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Manish Sarin sold 3,760 shares of Sprinklr stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $10.18, for a total value of $38,276.80. Following the completion of the transaction, the chief financial officer now owns 562,946 shares in the company, valued at $5,730,790.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Pavitar Singh sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $11.52, for a total transaction of $288,000.00. Following the completion of the sale, the chief technology officer now owns 269,738 shares of the company’s stock, valued at $3,107,381.76. The disclosure for this sale can be found here. Insiders have sold a total of 170,850 shares of company stock worth $1,967,797 in the last quarter. Corporate insiders own 43.75% of the company’s stock.
Hedge Funds Weigh In On Sprinklr
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new stake in Sprinklr in the 4th quarter valued at $651,000. Northern Trust Corp grew its position in shares of Sprinklr by 61.5% in the fourth quarter. Northern Trust Corp now owns 49,437 shares of the company’s stock valued at $785,000 after purchasing an additional 18,833 shares during the period. Swiss National Bank purchased a new stake in shares of Sprinklr in the fourth quarter valued at $1,024,000. HighTower Advisors LLC purchased a new stake in shares of Sprinklr in the fourth quarter valued at $1,329,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Sprinklr in the fourth quarter worth about $289,000. Hedge funds and other institutional investors own 53.95% of the company’s stock.
Sprinklr Stock Up 7.6 %
The company has a 50 day simple moving average of $11.59 and a 200-day simple moving average of $11.87. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of -30.07 and a beta of 0.63.
Sprinklr (NYSE:CXM – Get Rating) last announced its quarterly earnings data on Thursday, September 8th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. Sprinklr had a negative return on equity of 20.08% and a negative net margin of 20.66%. The company had revenue of $150.60 million during the quarter, compared to the consensus estimate of $147.45 million. During the same quarter in the prior year, the firm earned ($0.20) EPS. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, equities research analysts expect that Sprinklr, Inc. will post -0.41 EPS for the current fiscal year.
Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.
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