Sprinklr, Inc. (NYSE:CXM - Get Free Report) major shareholder R David Tabors sold 84,010 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $8.65, for a total value of $726,686.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Sprinklr Stock Down 3.1%
CXM traded down $0.28 during trading hours on Wednesday, hitting $8.56. The stock had a trading volume of 2,391,249 shares, compared to its average volume of 1,975,611. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $10.27. The stock has a market cap of $2.19 billion, a PE ratio of 53.47, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81. The company's fifty day simple moving average is $7.89 and its 200 day simple moving average is $8.45.
Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The firm had revenue of $205.50 million for 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%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. As a group, equities analysts expect that Sprinklr, Inc. will post 0.1 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. DA Davidson increased their price target on Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Cantor Fitzgerald assumed coverage on Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price target for the company. Wells Fargo & Company upped their price target on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. Rosenblatt Securities restated a "buy" rating and set a $12.00 price target on shares of Sprinklr in a research note on Thursday, June 5th. Finally, Scotiabank raised their price target on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Sprinklr has a consensus rating of "Hold" and a consensus price target of $10.25.
View Our Latest Analysis on Sprinklr
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Sprinklr by 209.5% in the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after buying an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Sprinklr by 100.0% during the 4th 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 during the last quarter. Ancora Advisors LLC acquired a new position in Sprinklr during the 4th quarter worth approximately $34,000. Quarry LP grew its holdings in shares of Sprinklr by 5,071.8% in the 1st quarter. Quarry LP now owns 7,706 shares of the company's stock worth $64,000 after acquiring an additional 7,557 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Sprinklr during the fourth quarter valued at $89,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.
About Sprinklr
(
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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.
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