Sprinklr, Inc. (NYSE:CXM) CMO Arun Pattabhiraman Sells 52,401 Shares

Sprinklr, Inc. (NYSE:CXM - Get Free Report) CMO Arun Pattabhiraman sold 52,401 shares of Sprinklr stock in a transaction on Friday, April 12th. The shares were sold at an average price of $11.66, for a total value of $610,995.66. Following the completion of the sale, the chief marketing officer now directly owns 491,862 shares of the company's stock, valued at $5,735,110.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Arun Pattabhiraman also recently made the following trade(s):

• On Monday, March 18th, Arun Pattabhiraman sold 27,859 shares of Sprinklr stock. The shares were sold at an average price of $13.03, for a total transaction of $363,002.77.

Sprinklr Stock Up 0.2 %

Shares of CXM stock traded up $0.02 during trading on Wednesday, reaching $11.36. The company's stock had a trading volume of 1,574,780 shares, compared to its average volume of 2,771,781. Sprinklr, Inc. has a one year low of $10.93 and a one year high of $17.14. The business has a fifty day moving average price of $12.74 and a 200-day moving average price of $13.11. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 63.11, a price-to-earnings-growth ratio of 2.18 and a beta of 0.87.

Institutional Investors Weigh In On Sprinklr

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in shares of Sprinklr by 228.3% in the third quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company's stock valued at $14,104,000 after acquiring an additional 708,655 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Sprinklr by 36.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 878,104 shares of the company's stock worth $12,153,000 after purchasing an additional 235,111 shares in the last quarter. Horrell Capital Management Inc. boosted its holdings in shares of Sprinklr by 63.1% in the 4th quarter. Horrell Capital Management Inc. now owns 336,000 shares of the company's stock valued at $4,045,000 after buying an additional 130,000 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Sprinklr in the third quarter valued at $87,000. Finally, Lisanti Capital Growth LLC acquired a new position in Sprinklr during the third quarter worth $2,672,000. 40.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $16.00 price target on shares of Sprinklr in a research note on Thursday, March 28th. Rosenblatt Securities increased their target price on shares of Sprinklr from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Oppenheimer reissued a "market perform" rating on shares of Sprinklr in a report on Thursday, March 28th. TheStreet downgraded Sprinklr from a "c-" rating to a "d+" rating in a research note on Thursday, December 28th. Finally, Wells Fargo & Company boosted their target price on Sprinklr from $12.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, March 28th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $16.90.

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.