Sprinklr Inc (NYSE: CXM): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Sprinklr Appoints Scott Harvey as Chief Customer Officer and Reaffirms Financial Guidance for Q4 and Full Year FY 2024.

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Stocks Info

CXM belongs to the Technology sector of the NYSE while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $12.50 and fluctuated between $12.59 as its day high and $12.32 as its day low. The current market capitalization of Sprinklr Inc is $3.42B. A total of 1.07 million shares were traded on the day, compared to an average of 2.52M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CXM has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 20,000 shares. Over the last 12 months, there were 19 BUYs and 68 SELLs from insiders. Insiders purchased 13,643,796 shares during that period but sold 34,540,732.

In the most recent transaction, Thomas Ragy sold 1,314 shares of CXM for 12.96 per share on Jan 29. After the transaction, the Chief Executive Officer now owns 449,956 company shares. In a previous transaction on Jan 29, Adams Diane sold 356 shares at 12.96 per share. CXM shares that Chief Culture & Talent Officer owns now total 267,940.

Among the insiders who sold shares, Sarin Manish disposed of 60,651 shares on Jan 11 at a per-share price of $12.01. This resulted in the Chief Financial Officer holding 644,946 shares of CXM after the transaction. In another insider transaction, Battery Partners IX, LLC sold 50,000 shares at $12.01 per share on Jan 10. Company shares held by the 10% Owner now total 158,154.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CXM in the last 3 months, the mean price target is $15.80 with high estimates of $22.00 and low estimates of $12.00. In terms of 52-week highs and lows, CXM has a high of $17.14 and a low of $9.79.

As of this writing, CXM has an earnings estimate of $Qualtrics International Inc. per share for the current quarter. EPS was calculated based on a consensus of Salesforce, Inc. estimates, with a high estimate of $Chimera Investment Corporation per share and a lower estimate of $Cel-Sci Corporation.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CXM’s latest balance sheet shows that the firm has $532.41M in Cash & Short Term Investments as of fiscal 2022. There were $0.00 in debt and $395.05M in liabilities at the time. Its Book Value Per Share was $2.41, while its Total Shareholder’s Equity was $515.85M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CXM is Buy with a score of 4.00.

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