Ragy Thomas Sells 1,435 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Key Points

• Ragy Thomas, Director of Sprinklr, sold 1,435 shares of the company at an average price of $9.36, resulting in a total transaction of approximately $13,431.60.
• Following the recent stock sale, Thomas's ownership in Sprinklr decreased by 0.19%, leaving him with 766,217 shares valued at around $7.17 million.
• Sprinklr's stock experienced a 0.9% decline, trading at $8.99, with a market capitalization of $2.33 billion and a recent P/E ratio of 21.92.

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Ragy Thomas sold 1,435 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $9.36, for a total transaction of $13,431.60. Following the transaction, the director directly owned 766,217 shares in the company, valued at approximately $7,171,791.12. This represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ragy Thomas also recently made the following trade(s):

• On Wednesday, July 2nd, Ragy Thomas sold 3,000,000 shares of Sprinklr stock. The stock was sold at an average price of $8.37, for a total value of $25,110,000.00.
• On Friday, June 27th, Ragy Thomas sold 3,000,000 shares of Sprinklr stock. The stock was sold at an average price of $7.98, for a total value of $23,940,000.00.
• On Wednesday, June 18th, Ragy Thomas sold 3,000,000 shares of Sprinklr stock. The shares were sold at an average price of $7.94, for a total transaction of $23,820,000.00.
• On Monday, June 16th, Ragy Thomas sold 32,768 shares of Sprinklr stock. The shares were sold at an average price of $8.17, for a total transaction of $267,714.56.

Sprinklr Stock Down 0.9%

Shares of NYSE:CXM traded down $0.09 during midday trading on Thursday, reaching $8.99. The company's stock had a trading volume of 1,649,242 shares, compared to its average volume of 1,968,775. The firm has a 50 day moving average of $8.61 and a 200-day moving average of $8.43. The firm has a market capitalization of $2.33 billion, a P/E ratio of 21.92, a PEG ratio of 2.06 and a beta of 0.80. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $9.93.

Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Sprinklr had a net margin of 13.57% and a return on equity of 6.86%. The company had revenue of $205.50 million for the quarter, compared to the consensus estimate of $201.83 million. During the same period in the prior year, the firm posted $0.09 EPS. Sprinklr's revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts predict that Sprinklr, Inc. will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

CXM has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. 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 reiterated a "buy" rating and set a $12.00 price target on shares of Sprinklr in a report on Thursday, June 5th. Cantor Fitzgerald initiated coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price objective on the stock. Finally, DA Davidson boosted their price objective on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sprinklr has a consensus rating of "Hold" and an average target price of $10.25.

Institutional Trading of Sprinklr

Several institutional investors have recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in Sprinklr during the 4th quarter valued at about $188,000. Norges Bank bought a new position in Sprinklr during the 4th quarter valued at about $16,477,000. Trexquant Investment LP bought a new position in Sprinklr during the 4th quarter valued at about $566,000. ExodusPoint Capital Management LP bought a new position in Sprinklr during the 4th quarter valued at about $1,686,000. Finally, Wells Fargo & Company MN lifted its stake in Sprinklr by 28.0% during the 4th quarter. Wells Fargo & Company MN now owns 59,965 shares of the company's stock valued at $507,000 after acquiring an additional 13,110 shares during the period. 40.19% of the stock is owned by hedge funds and other institutional investors.

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.

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