Stocks of Sprinklr Inc (NYSE:CXM) traded higher last session on Wall Street, down -9.31% to $7.79.
CXM stock price is now -15.76% away from the 50-day moving average and -32.57% away from the 200-day moving average. The market capitalization of the company currently stands at $2.07B.
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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, Thomas Ragy, CHIEF EXECUTIVE OFFICER sold 1,245 shares of the company’s stock on Jul 29 ’24. The stock was sold for $12,114 at an average price of $9.73. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 1,064,084 shares in the company, valued at $8.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 29 ’24, CHIEF CULTURE & TALENT OFFICER Adams Diane sold 1,000 shares of the business’s stock. A total of $9,688 was realized by selling the stock at an average price of $9.69. This leaves the insider owning 395,222 shares of the company worth $3.08 million. A total of 56.65% 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 0.11, a current ratio of 1.53, and a quick ratio of 1.53. According to the stock market information, the enterprise value for the company is $1719813504, which is based on a 43.28 price-to-earnings ratio, a 1.44 price-to-earnings-growth ratio, and a beta of 0.78. The fifty day moving average price for CXM is $9.2476 and a two-hundred day moving average price translates $11.552 for the stock.
The latest earnings results from Sprinklr Inc (NYSE: CXM) was released for 2024-04-30. The net profit margin was 6.54% and return on equity was 9.31% for CXM. The company reported revenue of $197.21 million for the quarter, compared to $178.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.5 percent.
