Manish Sarin Sells 174,749 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) CFO Manish Sarin sold 174,749 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $9.07, for a total transaction of $1,584,973.43. Following the completion of the transaction, the chief financial officer directly owned 732,421 shares in the company, valued at $6,643,058.47. This trade represents a 19.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Manish Sarin also recently made the following trade(s):

• On Tuesday, July 8th, Manish Sarin sold 600 shares of Sprinklr stock. The shares were sold at an average price of $9.00, for a total transaction of $5,400.00.
• On Monday, July 7th, Manish Sarin sold 24,468 shares of Sprinklr stock. The shares were sold at an average price of $9.00, for a total transaction of $220,212.00.
• On Monday, June 16th, Manish Sarin sold 35,744 shares of Sprinklr stock. The shares were sold at an average price of $8.17, for a total transaction of $292,028.48.

Sprinklr Trading Down 5.4%

CXM traded down $0.49 during trading hours on Friday, hitting $8.55. 3,591,396 shares of the company's stock were exchanged, compared to its average volume of 2,050,484. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $9.93. The firm has a 50 day moving average of $8.38 and a 200 day moving average of $8.39. The firm has a market cap of $2.21 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, topping 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 business had revenue of $205.50 million during the quarter, compared to the consensus estimate of $201.83 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts expect that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CXM. GAMMA Investing LLC raised its position 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 purchasing an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after buying an additional 1,928 shares during the period. Ancora Advisors LLC acquired a new stake in Sprinklr in the fourth quarter valued at approximately $34,000. Quarry LP raised its holdings in Sprinklr by 5,071.8% in the first quarter. Quarry LP now owns 7,706 shares of the company's stock valued at $64,000 after acquiring an additional 7,557 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in Sprinklr in the fourth quarter worth approximately $92,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CXM has been the subject of a number of research analyst reports. DA Davidson increased their price target on Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a research note on Friday, June 27th. Wells Fargo & Company boosted their price target on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, June 5th. Rosenblatt Securities reaffirmed a "buy" rating and set a $12.00 price objective on shares of Sprinklr in a research report on Thursday, June 5th. Finally, Morgan Stanley lifted their target price 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. Two 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.