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

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

Sprinklr Price Performance

Sprinklr stock traded up $0.24 during midday trading on Monday, reaching $8.19. The company's stock had a trading volume of 2,737,933 shares, compared to its average volume of 1,988,203. The stock's 50-day simple moving average is $7.98 and its 200-day simple moving average is $8.45. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $10.27. The stock has a market capitalization of $2.12 billion, a P/E ratio of 51.16, a PEG ratio of 2.31 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last released 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. Sprinklr had a return on equity of 7.84% and a net margin of 5.59%. The company had revenue of $205.50 million during the quarter, compared to analysts' expectations of $201.83 million. During the same period last year, the business posted $0.09 earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts expect that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sprinklr

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Sprinklr by 34.2% in the fourth quarter. Bank of America Corp DE now owns 883,398 shares of the company's stock valued at $7,465,000 after buying an additional 224,886 shares during the last quarter. Ceera Investments LLC lifted its holdings in shares of Sprinklr by 61.4% during the fourth quarter. Ceera Investments LLC now owns 182,105 shares of the company's stock worth $1,539,000 after purchasing an additional 69,290 shares during the period. Northern Trust Corp lifted its holdings in shares of Sprinklr by 3.3% during the fourth quarter. Northern Trust Corp now owns 1,232,711 shares of the company's stock worth $10,416,000 after purchasing an additional 38,895 shares during the period. Barclays PLC lifted its holdings in shares of Sprinklr by 283.7% during the third quarter. Barclays PLC now owns 242,990 shares of the company's stock worth $1,878,000 after purchasing an additional 179,661 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Sprinklr during the fourth quarter worth about $424,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CXM. DA Davidson increased their price target on Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Morgan Stanley increased their price target on Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Scotiabank increased their price target on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 13th. 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. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $17.00 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 assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Sprinklr currently has an average rating of "Hold" and an average 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.