Insider Selling: Sprinklr, Inc. (NYSE:CXM) Insider Sells 14,354 Shares of Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) insider Joy Corso sold 14,354 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $8.17, for a total value of $117,272.18. Following the completion of the sale, the insider now owns 803,394 shares of the company's stock, valued at $6,563,728.98. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sprinklr Trading Down 3.3%

Shares of CXM traded down $0.28 during mid-day trading on Wednesday, reaching $8.05. The company's stock had a trading volume of 1,762,398 shares, compared to its average volume of 1,990,317. Sprinklr, Inc. has a 1-year low of $6.75 and a 1-year high of $10.27. The stock has a market cap of $2.08 billion, a P/E ratio of 19.62, a PEG ratio of 1.81 and a beta of 0.81. The business has a 50-day simple moving average of $7.99 and a two-hundred day simple moving average of $8.45.

Sprinklr (NYSE:CXM - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $205.50 million during 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 revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share. Research analysts anticipate that Sprinklr, Inc. will post 0.1 EPS for the current year.

Hedge Funds Weigh In On Sprinklr

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Sprinklr by 8.5% during the first quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company's stock worth $121,065,000 after purchasing an additional 1,138,542 shares during the period. Jefferies Financial Group Inc. increased its stake in shares of Sprinklr by 96.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after purchasing an additional 2,851,106 shares during the period. Deutsche Bank AG increased its stake in shares of Sprinklr by 2.7% during the fourth quarter. Deutsche Bank AG now owns 2,792,583 shares of the company's stock worth $23,597,000 after purchasing an additional 73,405 shares during the period. Norges Bank bought a new position in shares of Sprinklr during the fourth quarter worth approximately $16,477,000. Finally, Letko Brosseau & Associates Inc. increased its stake in shares of Sprinklr by 1.0% during the first quarter. Letko Brosseau & Associates Inc. now owns 1,748,875 shares of the company's stock worth $14,603,000 after purchasing an additional 17,275 shares during the period. Institutional investors own 40.19% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CXM shares. DA Davidson increased their price target on Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Wells Fargo & Company increased their price objective on Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday, June 5th. Rosenblatt Securities reissued a "buy" rating and set a $12.00 price target on shares of Sprinklr in a research report on Thursday, June 5th. Scotiabank increased their price target on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research report on Thursday, March 13th. Finally, JMP Securities reissued a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a research report on Thursday, June 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Sprinklr presently has an average rating of "Hold" and a consensus price target of $10.25.

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.

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