Sprinklr (NYSE:CXM) Sets New 52-Week Low – Time to Sell?

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on CXM. Cantor Fitzgerald reissued a “neutral” rating on shares of Sprinklr in a research report on Thursday, September 3rd. Morgan Stanley upped their price objective on Sprinklr from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Wall Street Zen lowered Sprinklr from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Citigroup reiterated a “market outperform” rating on shares of Sprinklr in a research report on Monday, September 14th. Finally, UBS Group set a $7.50 price target on shares of Sprinklr in a research note on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.21.

Sprinklr Stock Up 3.1%

The stock’s 50 day simple moving average is $6.32 and its two-hundred day simple moving average is $5.76. The company has a market cap of $1.18 billion, a PE ratio of 50.68 and a beta of 0.65.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $213.74 million for 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%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last 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. Analysts forecast that Sprinklr, Inc. will post 0.23 EPS for the current year.

Insider Activity

In related news, General Counsel Jacob Scott sold 71,585 shares of Sprinklr stock in a transaction on Monday, August 10th. The shares were sold at an average price of $6.97, for a total transaction of $498,947.45. Following the transaction, the general counsel owned 576,827 shares in the company, valued at approximately $4,020,484.19. The trade was a 11.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joy Corso sold 34,153 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $189,549.15. Following the completion of the sale, the insider owned 1,141,463 shares of the company’s stock, valued at approximately $6,335,119.65. This represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 359,719 shares of company stock valued at $2,105,291 over the last quarter. 25.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Globeflex Capital L P purchased a new position in shares of Sprinklr in the second quarter valued at $1,310,000. Dimensional Fund Advisors LP increased its position in shares of Sprinklr by 19.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock worth $15,891,000 after acquiring an additional 438,083 shares during the last quarter. Private Management Group Inc. boosted its holdings in Sprinklr by 1,249.3% in the fourth quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock valued at $18,768,000 after purchasing an additional 2,233,542 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Sprinklr by 84.9% during the first quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock worth $50,265,000 after buying an additional 3,846,652 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Sprinklr by 966.8% in the first quarter. Quantinno Capital Management LP now owns 248,193 shares of the company’s stock valued at $1,489,000 after acquiring an additional 224,928 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

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.