Arun Pattabhiraman Sells 16,222 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) CMO Arun Pattabhiraman sold 16,222 shares of the 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 sale, the chief marketing officer now owns 551,206 shares of the company's stock, valued at approximately $4,503,353.02. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Sprinklr Stock Down 3.3%

NYSE:CXM traded down $0.28 on Wednesday, reaching $8.05. 1,762,398 shares of the company's stock traded hands, compared to its average volume of 1,990,317. The stock has a 50-day simple moving average of $7.99 and a 200-day simple moving average of $8.45. The firm has a market cap of $2.08 billion, a PE ratio of 19.62, a P/E/G ratio of 1.81 and a beta of 0.81. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $10.27.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on CXM. Scotiabank raised their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. Cantor Fitzgerald initiated coverage on Sprinklr in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 target price for the company. Rosenblatt Securities reiterated a "buy" rating and set a $12.00 target price on shares of Sprinklr in a report on Thursday, June 5th. Wells Fargo & Company upped 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, JMP Securities reiterated a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $10.25.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after purchasing an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after purchasing an additional 1,928 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of Sprinklr during the fourth quarter valued at about $34,000. Quarry LP grew its position in shares of Sprinklr by 5,071.8% during the first quarter. Quarry LP now owns 7,706 shares of the company's stock valued at $64,000 after purchasing an additional 7,557 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Sprinklr during the fourth quarter valued at about $92,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.