Insider Selling: Sprinklr, Inc. (NYSE:CXM) CTO Sells 35,710 Shares of Stock

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

Sprinklr Stock Down 0.3%

NYSE:CXM traded down $0.03 during trading hours on Friday, hitting $8.03. 3,612,629 shares of the stock were exchanged, compared to its average volume of 1,967,682. The company's 50 day moving average is $8.01 and its two-hundred day moving average is $8.44. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $10.27. The company has a market capitalization of $2.08 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CXM. Cantor Fitzgerald began coverage on Sprinklr in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 target price on the stock. Morgan Stanley boosted their target price on Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Scotiabank boosted their target price on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. Wells Fargo & Company boosted their target price on Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday, June 5th. Finally, DA Davidson boosted their target price on Sprinklr from $8.00 to $9.00 and gave the stock 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 given a buy rating to the company. Based on data from MarketBeat.com, Sprinklr presently has an average rating of "Hold" and a consensus price target of $10.25.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CXM. Jefferies Financial Group Inc. lifted its stake in shares of Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock valued at $49,073,000 after purchasing an additional 2,851,106 shares during the period. Norges Bank acquired a new position in shares of Sprinklr in the 4th quarter valued at $16,477,000. Vanguard Group Inc. lifted its stake in shares of Sprinklr by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company's stock valued at $121,065,000 after purchasing an additional 1,138,542 shares during the period. Nuveen LLC acquired a new position in shares of Sprinklr in the 1st quarter valued at $4,341,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Sprinklr in the 4th quarter valued at $3,786,000. 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.