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 company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $8.74, for a total transaction of $1,058,064.40. Following the sale, the director now directly owns 200,244 shares of the company's stock, valued at approximately $1,750,132.56. This represents a 37.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 stock was sold at an average price of $8.76, for a total transaction 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 transaction of $241,771.84.

Sprinklr Stock Down 1.8%

Shares of Sprinklr stock traded down $0.15 during trading on Friday, reaching $7.96. The company's stock had a trading volume of 2,240,684 shares, compared to its average volume of 1,985,192. The business's 50-day moving average price is $7.96 and its 200-day moving average price is $8.45. The firm has a market cap of $2.06 billion, a PE ratio of 49.75, a P/E/G ratio of 2.31 and a beta of 0.81. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $10.27.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly 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. The business had revenue of $205.50 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.09 earnings per share. Equities analysts predict that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Several research firms recently commented on CXM. Morgan Stanley upped their target price on shares of Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" 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 note on Thursday, June 5th. Wells Fargo & Company increased their price objective 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. Cantor Fitzgerald assumed coverage on shares of Sprinklr in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price objective for the company. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Sprinklr presently has a consensus 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.