Battery Partners Ix, Llc Sells 81,869 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) major shareholder Battery Partners Ix, Llc sold 81,869 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $8.55, for a total value of $699,979.95. Following the completion of the sale, the insider now owns 82,500 shares of the company's stock, valued at $705,375. This trade represents a 49.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Sprinklr Stock Performance

Shares of NYSE:CXM traded down $0.15 during trading hours on Friday, reaching $7.96. The stock had a trading volume of 2,240,684 shares, compared to its average volume of 1,987,958. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $10.27. The firm's 50 day moving average is $7.94 and its 200-day moving average is $8.45. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 49.75, a P/E/G ratio of 2.31 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Sprinklr had a net margin of 5.59% and a return on equity of 7.84%. The firm had revenue of $205.50 million during the quarter, compared to the consensus estimate of $201.83 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company's revenue was up 4.9% compared to the same quarter last year. Analysts forecast that Sprinklr, Inc. will post 0.1 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CXM. PNC Financial Services Group Inc. raised 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 acquiring an additional 1,928 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Sprinklr by 2.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company's stock valued at $988,000 after purchasing an additional 2,478 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 in the last quarter. EPIQ Capital Group LLC lifted its position in shares of Sprinklr by 26.2% during the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock worth $109,000 after buying an additional 2,664 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Sprinklr by 10.6% in the 4th quarter. NewEdge Advisors LLC now owns 28,212 shares of the company's stock valued at $238,000 after buying an additional 2,700 shares in the last quarter. 40.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CXM shares. Wells Fargo & Company raised their price objective on shares of Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a research report on Thursday, June 5th. Scotiabank boosted their price objective on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday, March 13th. Morgan Stanley increased their target price on shares of Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. JMP Securities reissued a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a research report on Thursday, June 5th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $12.00 price objective on shares of Sprinklr in a research 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $10.25.

Sprinklr Company Profile

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.