The price of Sprinklr Inc (NYSE:CXM) shares last traded on Wall Street fell -0.35% to $8.53.
CXM stock price is now -24.83% away from the 50-day moving average and -33.87% away from the 200-day moving average. The market capitalization of the company currently stands at $2.26B.
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With the price target reduced from $16 to $9, DA Davidson Downgraded its rating from Buy to Neutral for Sprinklr Inc (NYSE: CXM). On June 06, 2024, Cantor Fitzgerald Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $16 to quote $10, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Sarin Manish, CHIEF FINANCIAL OFFICER sold 27,938 shares of the company’s stock on Jun 17 ’24. The stock was sold for $247,810 at an average price of $8.87. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 771,656 shares in the company, valued at $6.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, CHIEF MARKETING OFFICER Pattabhiraman Arun sold 12,645 shares of the business’s stock. A total of $112,161 was realized by selling the stock at an average price of $8.87. This leaves the insider owning 479,217 shares of the company worth $4.09 million. A total of 56.47% of the company’s stock is owned by insiders.
During the past 12 months, Sprinklr Inc has had a low of $8.33 and a high of $17.14. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.83, and a quick ratio of 1.83. According to the stock market information, the enterprise value for the company is $1703899904, which is based on a 40.58 price-to-earnings ratio, a 1.35 price-to-earnings-growth ratio, and a beta of 0.75. The fifty day moving average price for CXM is $11.2748 and a two-hundred day moving average price translates $12.86525 for the stock.
The latest earnings results from Sprinklr Inc (NYSE: CXM) was released for 2024-04-30. The net profit margin was 7.85% and return on equity was 9.96% for CXM. The company reported revenue of $195.96 million for the quarter, compared to $173.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.03 percent.
