Sprinklr Inc (NYSE: CXM) stock jumped 2.82% on Monday to $15.33 against a previous-day closing price of $14.91. With 1.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.3 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $15.53 whereas the lowest price it dropped to was $14.91. 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 $18.75. Beta for the stock currently stands at 0.96.
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 6.98%, but this was up by 15.61% over a month. Three-month performance surged to 5.43% while six-month performance rose 18.56%. The stock gained 84.03% in the past year, while it has gained 87.64% 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 2902.06% for this year and 26.04% for next year.
Float and Shares Shorts:
At present, 119.48 million CXM shares are outstanding with a float of 109.45 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.09 million, which was 1.14% higher than short shares on Sep 28, 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 44.42% of CXM, in contrast to 22.12% held by mutual funds. Shares owned by individuals account for 19.06%. As the largest shareholder in CXM with 8.33% of the stake, The Vanguard Group, Inc. holds 11,394,187 shares worth 11,394,187. A second-largest stockholder of CXM, Cadian Capital Management LP, holds 11,204,601 shares, controlling over 8.19% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CXM, holding 7,229,959 shares or 5.29% stake. With a 2.23% stake in CXM, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 3,052,209 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.76% of CXM stock, is the second-largest Mutual Fund holder. It holds 2,412,088 shares valued at 32.78 million. iShares Russell 2000 ETF holds 1.75% of the stake in CXM, owning 2,396,247 shares worth 32.56 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 56.56% to reach the target high and rise by 4.37% to reach the target low. Reaching the average price target will result in a growth of 22.31% from current levels.
Summary of Insider Activity:
Insiders traded CXM stock several times over the past three months with 2 Buys and 17 Sells. In these transactions, 1,818,336 shares were bought while 8,415,031 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 58 over the past year. The total number of shares bought during that period was 12,787,273 while 30,273,237 shares were sold.