Sprinklr, Inc. (NYSE:CXM) Director Sells $1,058,064.40 in Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Neeraj Agrawal sold 121,060 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $8.74, for a total value of $1,058,064.40. Following the completion of the sale, the director now directly owns 200,244 shares of the company's stock, valued at $1,750,132.56. The trade was a 37.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Neeraj Agrawal also recently made the following trade(s):

• On Monday, June 9th, Neeraj Agrawal sold 378,940 shares of Sprinklr stock. The shares were sold at an average price of $8.76, for a total value of $3,319,514.40.
• On Friday, March 14th, Neeraj Agrawal sold 26,053 shares of Sprinklr stock. The shares were sold at an average price of $9.28, for a total value of $241,771.84.

Sprinklr Trading Down 5.4%

Shares of CXM stock traded down $0.46 during trading hours on Thursday, reaching $8.11. The stock had a trading volume of 5,798,096 shares, compared to its average volume of 1,990,840. The stock's fifty day simple moving average is $7.92 and its 200 day simple moving average is $8.45. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $10.27. The firm has a market capitalization of $2.08 billion, a PE ratio of 50.69, a PEG ratio of 2.31 and a beta of 0.81.

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

Hedge Funds Weigh In On Sprinklr

A number of large investors have recently bought and sold shares of CXM. GAMMA Investing LLC increased its stake in Sprinklr by 209.5% in the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after purchasing an additional 2,489 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of 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 buying an additional 1,928 shares during the period. Ancora Advisors LLC purchased a new position in shares of Sprinklr during the fourth quarter valued at approximately $34,000. Quarry LP increased its stake in shares of 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 buying an additional 7,557 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Sprinklr during the fourth quarter valued at approximately $89,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CXM has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, June 5th. Morgan Stanley upped their price objective on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Thursday, June 5th. JMP Securities restated a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Thursday, June 5th. Rosenblatt Securities restated a "buy" rating and issued a $12.00 price objective on shares of Sprinklr in a research note on Thursday, June 5th. Finally, Scotiabank increased their price target on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 13th. Two equities 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's stock. According to data from MarketBeat, the stock 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.