Sprinklr, Inc. (NYSE:CXM) Major Shareholder R David Tabors Sells 319,405 Shares

Sprinklr, Inc. (NYSE:CXM - Get Free Report) major shareholder R David Tabors sold 319,405 shares of the business's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $12.10, for a total transaction of $3,864,800.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Sprinklr Trading Down 2.6 %

Shares of CXM traded down $0.31 during trading hours on Wednesday, reaching $11.84. 3,930,359 shares of the company traded hands, compared to its average volume of 2,830,071. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 67.50, a PEG ratio of 2.32 and a beta of 0.87. The stock's fifty day moving average price is $12.83 and its 200 day moving average price is $13.20. Sprinklr, Inc. has a 12-month low of $10.93 and a 12-month high of $17.14.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Oppenheimer reissued a "market perform" rating on shares of Sprinklr in a report on Thursday, March 28th. Cantor Fitzgerald restated an "overweight" rating and set a $16.00 target price on shares of Sprinklr in a report on Thursday, March 28th. TheStreet cut Sprinklr from a "c-" rating to a "d+" rating in a research report on Thursday, December 28th. Wells Fargo & Company upped their target price on shares of Sprinklr from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 28th. Finally, DA Davidson restated a "buy" rating and set a $16.00 price target on shares of Sprinklr in a report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $16.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Sprinklr in the 1st quarter valued at $28,000. Goldman Sachs Group Inc. lifted its position in shares of Sprinklr by 205.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,093,275 shares of the company's stock valued at $13,163,000 after buying an additional 735,699 shares during the last quarter. American International Group Inc. increased its holdings in Sprinklr by 2.0% in the 4th quarter. American International Group Inc. now owns 52,522 shares of the company's stock worth $632,000 after buying an additional 1,037 shares during the period. Virtu Financial LLC purchased a new position in Sprinklr during the 4th quarter worth approximately $173,000. Finally, Bullseye Asset Management LLC lifted its stake in Sprinklr by 21.9% during the 4th quarter. Bullseye Asset Management LLC now owns 55,654 shares of the company's stock valued at $670,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 40.19% of the company's stock.

About Sprinklr

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.

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