Sprinklr, Inc. (NYSE:CXM - Get Free Report) major shareholder Roger H. Lee sold 285,439 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $8.68, for a total transaction of $2,477,610.52. Following the transaction, the insider now directly owns 229,360 shares in the company, valued at $1,990,844.80. This represents a 55.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Sprinklr Price Performance
Sprinklr stock traded down $0.28 during mid-day trading on Wednesday, hitting $8.56. The company's stock had a trading volume of 2,391,249 shares, compared to its average volume of 1,975,611. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 53.47, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $10.27. The business has a 50 day moving average price of $7.92 and a 200-day moving average price of $8.45.
Sprinklr (NYSE:CXM - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Sprinklr had a return on equity of 7.84% and a net margin of 5.59%. The firm had revenue of $205.50 million for the quarter, compared to analysts' expectations of $201.83 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The business's revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
CXM has been the subject of a number of research analyst reports. JMP Securities reissued a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a report on Thursday, June 5th. Morgan Stanley lifted their target price on 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 reissued a "buy" rating and issued a $12.00 target price on shares of Sprinklr in a report on Thursday, June 5th. Wells Fargo & Company raised their price target on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, June 5th. Finally, DA Davidson upped their price objective on shares of Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a research 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $10.25.
Read Our Latest Stock Analysis on Sprinklr
Institutional Investors Weigh In On Sprinklr
Several large investors have recently bought and sold shares of CXM. GAMMA Investing LLC boosted its stake in shares of Sprinklr by 209.5% during the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after acquiring an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after acquiring an additional 1,928 shares during the last quarter. Ancora Advisors LLC bought a new position in Sprinklr during the fourth quarter valued at approximately $34,000. Quarry LP grew its holdings in shares of Sprinklr by 5,071.8% in 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, SG Americas Securities LLC purchased a new stake in shares of Sprinklr during the 4th quarter valued at about $89,000. 40.19% of the stock is currently owned by institutional investors.
About Sprinklr
(
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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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