Check out these key findings about Sprinklr Inc. (CXM)

Sprinklr Inc. (NYSE: CXM) stock jumped 6.26% on Tuesday to $9.34 against a previous-day closing price of $8.79. With 0.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.53 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $9.39 whereas the lowest price it dropped to was $8.67. The 52-week range on CXM shows that it touched its highest point at $15.05 and its lowest point at $7.25 during that stretch. It currently has a 1-year price target of $10.88.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CXM was up-trending over the past week, with a rise of 9.88%, but this was up by 12.53% over a month. Three-month performance surged to 1.85% while six-month performance fell -16.53%. The stock lost -13.04% in the past year, while it has gained 14.32% so far this year. A look at the trailing 12-month EPS for CXM yields -0.37 with Next year EPS estimates of 0.10. For the next quarter, that number is 0.02. This implies an EPS growth rate of -179.50% for this year and 350.00% for next year.

Float and Shares Shorts:

At present, 260.29 million CXM shares are outstanding with a float of 123.00 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.78 million, which was 0.68% higher than short shares on Sep 14, 2022. In addition to Mr. Ragy Thomas as the firm’s Founder, Chairman & CEO, Mr. Pavitar Singh serves as its Chief Technology Officer.


Institutional Ownership:

Through their ownership of 75.40% of CXM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.50% of CXM, in contrast to 25.16% held by mutual funds. Shares owned by individuals account for 11.90%. As the largest shareholder in CXM with 7.32% of the stake, Cadian Capital Management LP holds 8,539,224 shares worth 8,539,224. A second-largest stockholder of CXM, The Vanguard Group, Inc., holds 7,282,887 shares, controlling over 6.24% of the firm’s shares. 12 West Capital Management LP is the third largest shareholder in CXM, holding 6,983,268 shares or 5.98% stake. With a 2.56% stake in CXM, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,987,601 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.13% of CXM stock, is the second-largest Mutual Fund holder. It holds 2,480,841 shares valued at 20.27 million. Vanguard Small Cap Growth Index F holds 1.22% of the stake in CXM, owning 1,428,514 shares worth 11.67 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CXM since 12 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CXM analysts setting a high price target of $16.00 and a low target of $8.00, the average target price over the next 12 months is $10.90. Based on these targets, CXM could surge 71.31% to reach the target high and fall by -14.35% to reach the target low. Reaching the average price target will result in a growth of 16.7% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CXM will report FY 2023 earnings on 04/06/2023. Analysts have provided yearly estimates in a range of -$0.03 being high and -$0.04 being low. For CXM, this leads to a yearly average estimate of -$0.04. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sprinklr Inc. surprised analysts by $0.03 when it reported $0.02 EPS against a consensus estimate of -$0.01. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.02 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.02.

Summary of Insider Activity:

Insiders traded CXM stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 356,643 shares were bought while 3,930 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 13,678,107 while 25,294,818 shares were sold.

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