Sprinklr, Inc. (NYSE:CXM) Major Shareholder Sells $2,477,610.52 in Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) major shareholder Roger H. Lee sold 285,439 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $8.68, for a total transaction of $2,477,610.52. Following the transaction, the insider now owns 229,360 shares in the company, valued at approximately $1,990,844.80. This trade represents a 55.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Sprinklr Stock Performance

Shares of NYSE CXM traded down $0.15 during midday trading on Friday, reaching $7.96. The stock had a trading volume of 2,240,684 shares, compared to its average volume of 1,986,919. The stock has a 50-day moving average of $7.96 and a 200-day moving average of $8.44. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 49.75, 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.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on CXM shares. Cantor Fitzgerald started coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 target price for the company. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a report on Thursday, June 5th. DA Davidson upped their target price on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Wells Fargo & Company upped their target price on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. Finally, Scotiabank upped their target price on shares of Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday, March 13th. Two 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. According to data from MarketBeat.com, Sprinklr currently has an average rating of "Hold" and an average price target of $10.25.

Institutional Trading of Sprinklr

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake 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 acquiring an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Sprinklr by 100.0% during the fourth 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 in the last quarter. Ancora Advisors LLC purchased a new position in Sprinklr during the fourth quarter valued at $34,000. Quarry LP grew its stake in Sprinklr by 5,071.8% during the first quarter. Quarry LP now owns 7,706 shares of the company's stock valued at $64,000 after acquiring an additional 7,557 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Sprinklr during the fourth quarter valued at $89,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

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.