Insider Selling: Sprinklr, Inc. (NYSE:CXM) Major Shareholder Sells 84,010 Shares of Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) major shareholder R David Tabors sold 84,010 shares of Sprinklr stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Sprinklr Trading Down 1.8%

Shares of CXM stock traded down $0.15 during trading hours on Friday, reaching $7.96. 2,240,684 shares of the company's stock were exchanged, compared to its average volume of 1,986,919. 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 $2.04 billion, a PE ratio of 49.75, a PEG ratio of 2.31 and a beta of 0.81. The stock's fifty day moving average price is $7.94 and its two-hundred day moving average price is $8.45.

Sprinklr (NYSE:CXM - Get Free Report) last issued its 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 firm had revenue of $205.50 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. On average, equities analysts expect that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Sprinklr

A number of large investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Sprinklr by 4.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 260,769 shares of the company's stock valued at $2,177,000 after buying an additional 10,136 shares during the last quarter. S Squared Technology LLC boosted its position in Sprinklr by 78.0% in the 1st quarter. S Squared Technology LLC now owns 445,039 shares of the company's stock worth $3,716,000 after purchasing an additional 195,039 shares in the last quarter. Caxton Associates LLP purchased a new stake in Sprinklr in the 1st quarter worth approximately $287,000. PharVision Advisers LLC purchased a new stake in Sprinklr in the 1st quarter worth approximately $190,000. Finally, Millennium Management LLC boosted its position in Sprinklr by 4.6% in the 1st quarter. Millennium Management LLC now owns 581,361 shares of the company's stock worth $4,854,000 after purchasing an additional 25,609 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson boosted their target price on shares of Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Scotiabank boosted their target price on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. Morgan Stanley boosted their target price on shares of Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 target price on shares of Sprinklr in a report on Thursday, June 5th. Finally, Cantor Fitzgerald assumed coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.25.

About Sprinklr

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.