Sprinklr Inc. (NYSE: CXM) stock fell -0.40% on Monday to $14.86 against a previous-day closing price of $14.92. With 1.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.74 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $15.08 whereas the lowest price it dropped to was $14.81. The 52-week range on CXM shows that it touched its highest point at $16.68 and its lowest point at $7.25 during that stretch. It currently has a 1-year price target of $18.61. Beta for the stock currently stands at 0.90.
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 down-trending over the past week, with a drop of -6.60%, but this was up by 8.55% over a month. Three-month performance surged to 1.92% while six-month performance rose 41.66%. The stock gained 38.75% in the past year, while it has gained 81.88% so far this year. A look at the trailing 12-month EPS for CXM yields 0.02 with Next year EPS estimates of 0.38. For the next quarter, that number is 0.07. This implies an EPS growth rate of 50.60% for this year and 25.58% for next year.
Float and Shares Shorts:
At present, 268.90 million CXM shares are outstanding with a float of 136.17 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.73 million, which was 1.38% higher than short shares on Jul 30, 2023. In addition to Mr. Ragy Thomas as the firm’s Founder, Chairman & CEO, Mr. Manish Sarin serves as its Chief Financial Officer.
Through their ownership of 65.39% of CXM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.98% of CXM, in contrast to 25.21% held by mutual funds. Shares owned by individuals account for 19.32%. As the largest shareholder in CXM with 7.53% of the stake, The Vanguard Group, Inc. holds 10,055,554 shares worth 10,055,554. A second-largest stockholder of CXM, Cadian Capital Management LP, holds 9,769,694 shares, controlling over 7.32% of the firm’s shares. Sixth Street Advisers LLC is the third largest shareholder in CXM, holding 6,867,647 shares or 5.14% stake. With a 2.27% stake in CXM, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 3,032,669 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.82% of CXM stock, is the second-largest Mutual Fund holder. It holds 2,431,768 shares valued at 36.79 million. Vanguard Information Technology I holds 1.55% of the stake in CXM, owning 2,075,310 shares worth 31.4 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CXM since 0 analysts follow the stock currently. 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 $24.00 and a low target of $16.00, the average target price over the next 12 months is $18.75. Based on these targets, CXM could surge 61.51% to reach the target high and rise by 7.67% to reach the target low. Reaching the average price target will result in a growth of 26.18% 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.
Summary of Insider Activity:
Insiders traded CXM stock several times over the past three months with 3 Buys and 18 Sells. In these transactions, 3,543,000 shares were bought while 8,432,582 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 44 over the past year. The total number of shares bought during that period was 10,968,937 while 22,191,219 shares were sold.