Sprinklr, Inc. (NYSE:CXM - Get Free Report) CMO Arun Pattabhiraman sold 16,222 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $8.17, for a total transaction of $132,533.74. Following the completion of the transaction, the chief marketing officer now owns 551,206 shares in the company, valued at approximately $4,503,353.02. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Sprinklr Trading Down 0.3%
Shares of CXM stock traded down $0.03 during trading on Friday, reaching $8.03. 3,612,629 shares of the company's stock traded hands, compared to its average volume of 1,967,682. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $10.27. The company has a market capitalization of $2.08 billion, a P/E ratio of 19.57, a PEG ratio of 1.77 and a beta of 0.81. The firm's 50-day moving average is $8.01 and its 200 day moving average is $8.44.
Sprinklr (NYSE:CXM - Get Free Report) last posted its earnings results 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 net margin of 13.57% and a return on equity of 6.86%. The business had revenue of $205.50 million for the quarter, compared to analysts' expectations of $201.83 million. During the same period in the prior year, the company posted $0.09 EPS. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.
Institutional Trading of Sprinklr
Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Sprinklr by 4.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 260,769 shares of the company's stock worth $2,177,000 after purchasing an additional 10,136 shares in the last quarter. S Squared Technology LLC lifted its stake in Sprinklr by 78.0% in the 1st quarter. S Squared Technology LLC now owns 445,039 shares of the company's stock worth $3,716,000 after purchasing an additional 195,039 shares in the last quarter. Caxton Associates LLP purchased a new stake in Sprinklr in the 1st quarter worth approximately $287,000. PharVision Advisers LLC purchased a new stake in Sprinklr in the 1st quarter worth approximately $190,000. Finally, Millennium Management LLC lifted its stake in Sprinklr by 4.6% in the 1st quarter. Millennium Management LLC now owns 581,361 shares of the company's stock worth $4,854,000 after purchasing an additional 25,609 shares in the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on CXM shares. Morgan Stanley boosted their target price on shares of Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. Scotiabank boosted their target price on shares of Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research note on Thursday, March 13th. Cantor Fitzgerald started coverage on shares of Sprinklr in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 target price on shares of Sprinklr in a research note on Thursday, June 5th. Finally, Wells Fargo & Company upped their price target on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, June 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.25.
Read Our Latest Stock Report on CXM
About Sprinklr
(
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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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