Amitabh Misra Sells 35,710 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) CTO Amitabh Misra sold 35,710 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $8.17, for a total value of $291,750.70. Following the transaction, the chief technology officer now owns 602,970 shares of the company's stock, valued at approximately $4,926,264.90. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sprinklr Price Performance

NYSE:CXM traded down $0.28 during trading hours on Wednesday, reaching $8.05. The company's stock had a trading volume of 1,762,398 shares, compared to its average volume of 1,990,317. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.81 and a beta of 0.81. Sprinklr, Inc. has a one year low of $6.75 and a one year high of $10.27. The business's 50-day moving average is $7.99 and its 200-day moving average is $8.45.

Sprinklr (NYSE:CXM - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Sprinklr had a net margin of 13.57% and a return on equity of 6.86%. The firm had revenue of $205.50 million during the quarter, compared to analysts' expectations of $201.83 million. During the same period in the prior year, the company posted $0.09 earnings per share. Sprinklr's revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts predict that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CXM. Wells Fargo & Company upped their price target on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a report on Thursday, June 5th. Morgan Stanley upped their price target on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Cantor Fitzgerald began coverage on Sprinklr in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price target on the stock. Finally, DA Davidson upped their price target on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Sprinklr has an average rating of "Hold" and an average price target of $10.25.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CXM. GAMMA Investing LLC lifted its stake in Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after purchasing an additional 2,489 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after buying an additional 1,928 shares during the period. Ancora Advisors LLC bought a new position in shares of Sprinklr during the 4th quarter worth approximately $34,000. Quarry LP grew its position in Sprinklr by 5,071.8% in the first quarter. Quarry LP now owns 7,706 shares of the company's stock valued at $64,000 after acquiring an additional 7,557 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Sprinklr during the fourth quarter worth $92,000. Institutional investors and hedge funds own 40.19% of the company's stock.

About Sprinklr

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.

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