Insider Selling: Sprinklr, Inc. (NYSE:CXM) Insider Sells 13,964 Shares of Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) insider Scott Michael Harvey sold 13,964 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $8.17, for a total transaction of $114,085.88. Following the completion of the transaction, the insider now owns 824,389 shares in the company, valued at approximately $6,735,258.13. This represents a 1.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sprinklr Trading Down 0.3%

CXM stock traded down $0.03 during midday 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 52-week low of $6.75 and a 52-week high of $10.27. The stock has a market cap of $2.08 billion, a P/E ratio of 19.57, a PEG ratio of 1.77 and a beta of 0.81. The stock's 50-day moving average is $8.01 and its 200 day moving average is $8.44.

Sprinklr (NYSE:CXM - Get Free Report) last announced its 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 net margin of 13.57% and a return on equity of 6.86%. The business had revenue of $205.50 million during the quarter, compared to analysts' expectations of $201.83 million. During the same period in the prior year, the company earned $0.09 earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. As a group, research analysts expect that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CXM. Wells Fargo & Company upped their target price on shares of Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a research note on Thursday, June 5th. DA Davidson increased their price objective on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Morgan Stanley increased their price objective on shares of Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a research report on Thursday, June 5th. Rosenblatt Securities restated a "buy" rating and set a $12.00 price objective on shares of Sprinklr in a research report on Thursday, June 5th. Finally, Cantor Fitzgerald began coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price objective on the stock. 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.25.

Institutional Trading of Sprinklr

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in 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 buying an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after purchasing an additional 1,928 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Sprinklr in the fourth quarter worth $34,000. Quarry LP increased its stake in shares of Sprinklr by 5,071.8% in the first quarter. Quarry LP now owns 7,706 shares of the company's stock worth $64,000 after purchasing an additional 7,557 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Sprinklr in the fourth quarter worth $92,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

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.