Sprinklr (NYSE:CXM) Sets New 1-Year Low – Time to Sell?

Sprinklr, Inc. (NYSE:CXM)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $6.75 and last traded at $6.82, with a volume of 99979 shares trading hands. The stock had previously closed at $7.20.

Analyst Ratings Changes

A number of analysts have recently commented on CXM shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.00 price target on shares of Sprinklr in a research note on Wednesday, December 11th. Rosenblatt Securities boosted their target price on shares of Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research note on Friday, February 7th. William Blair lowered shares of Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Finally, Scotiabank increased their price objective on Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sprinklr has a consensus rating of “Hold” and a consensus target price of $10.38.

Sprinklr Stock Performance

The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 44.41, a P/E/G ratio of 2.31 and a beta of 0.77. The stock has a fifty day simple moving average of $8.63 and a two-hundred day simple moving average of $8.31.

Insiders Place Their Bets

In related news, Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the transaction, the director now directly owns 968,306 shares of the company’s stock, valued at $8,985,879.68. This represents a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 30.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

Several institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after buying an additional 1,928 shares in the last quarter. EPIQ Capital Group LLC increased its holdings in shares of Sprinklr by 26.2% during the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock valued at $109,000 after acquiring an additional 2,664 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Sprinklr by 10.6% during the fourth quarter. NewEdge Advisors LLC now owns 28,212 shares of the company’s stock valued at $238,000 after acquiring an additional 2,700 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Sprinklr during the fourth quarter worth approximately $34,000. Finally, Price T Rowe Associates Inc. MD grew its position in Sprinklr by 7.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,970 shares of the company’s stock valued at $482,000 after purchasing an additional 4,194 shares during the period. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.