Sprinklr (NYSE:CXM) Hits New 1-Year Low – Here’s What Happened

Shares of Sprinklr, Inc. (NYSE:CXM) reached a new 52-week low on Tuesday. The company traded as low as $4.72 and last traded at $4.7560, with a volume of 941938 shares trading hands. The stock had previously closed at $4.98.

Analysts Set New Price Targets

A number of brokerages have commented on CXM. Rosenblatt Securities reaffirmed a “buy” rating and issued a $8.50 price objective on shares of Sprinklr in a report on Thursday, September 3rd. Citizens Jmp reissued a “market outperform” rating and issued a $11.00 price objective on shares of Sprinklr in a research note on Monday, September 21st. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Sprinklr in a report on Thursday, September 3rd. DA Davidson increased their price objective on shares of Sprinklr from $6.00 to $6.50 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Finally, Wall Street Zen lowered shares of Sprinklr from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.21.

Sprinklr Stock Down 4.1%

The firm’s fifty day moving average price is $6.36 and its 200-day moving average price is $5.77. The stock has a market cap of $1.11 billion, a P/E ratio of 47.65 and a beta of 0.65.

Sprinklr (NYSE:CXM) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $213.74 million during the quarter, compared to analyst estimates of $214.45 million. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.Sprinklr’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 EPS. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. Sell-side analysts predict that Sprinklr, Inc. will post 0.23 earnings per share for the current year.

Insider Buying and Selling at Sprinklr

In other news, CEO Rory P. Read sold 145,865 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $809,550.75. Following the sale, the chief executive officer directly owned 3,273,325 shares in the company, valued at approximately $18,166,953.75. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanjay Macwan sold 6,936 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $38,494.80. Following the sale, the insider owned 545,997 shares in the company, valued at approximately $3,030,283.35. The trade was a 1.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 359,719 shares of company stock worth $2,105,291. Insiders own 25.18% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its stake in shares of Sprinklr by 44.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,151 shares of the company’s stock valued at $140,000 after purchasing an additional 8,322 shares during the period. Engineers Gate Manager LP acquired a new position in Sprinklr in the 2nd quarter worth about $645,000. Integrated Wealth Concepts LLC purchased a new position in Sprinklr during the second quarter worth approximately $31,000. Compass Financial Management LLC acquired a new stake in Sprinklr in the second quarter valued at approximately $52,000. Finally, Syon Capital LLC purchased a new stake in shares of Sprinklr in the second quarter valued at approximately $131,000. 40.19% of the stock is owned by institutional investors and hedge funds.

About Sprinklr

Sprinklr, Inc (NYSE:CXM) provides an enterprise software platform designed to help organizations manage customer experiences across digital and traditional channels. Its cloud-based Unified Customer Experience Management platform brings together customer-facing functions, data and workflows in a centralized environment.

The company’s products support customer service and contact-center operations, social media management, digital marketing, advertising, customer insights and social listening.