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

Sprinklr, Inc. (NYSE:CXM - Get Free Report) CFO Manish Sarin sold 174,749 shares of the stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $9.07, for a total value of $1,584,973.43. Following the sale, the chief financial officer directly owned 732,421 shares in the company, valued at approximately $6,643,058.47. The trade was a 19.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value 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 value 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 value of $292,028.48.

Sprinklr Stock Up 1.2%

Shares of NYSE:CXM traded up $0.11 on Wednesday, hitting $9.11. 3,136,815 shares of the company traded hands, compared to its average volume of 2,036,164. The company has a market cap of $2.36 billion, a PE ratio of 22.22, a PEG ratio of 1.98 and a beta of 0.80. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $9.99. The stock has a 50 day simple moving average of $8.31 and a 200-day simple moving average of $8.39.

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. The business 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 6.86% and a net margin of 13.57%. The business's revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share. As a group, sell-side analysts anticipate that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On Sprinklr

Several institutional investors and hedge funds have recently made changes to their positions in CXM. GAMMA Investing LLC increased its stake in Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after purchasing an additional 2,489 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after purchasing an additional 1,928 shares during the period. Ancora Advisors LLC acquired a new position in Sprinklr during the fourth quarter worth $34,000. Quarry LP increased its position in shares of 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 buying an additional 7,557 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Sprinklr during the 4th quarter worth about $92,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CXM has been the topic of a number of research reports. Rosenblatt Securities restated a "buy" rating and issued a $12.00 price objective on shares of Sprinklr in a report on Thursday, June 5th. Cantor Fitzgerald began coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 target price for the company. Scotiabank lifted their price target on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research 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 research report on Thursday, June 5th. Finally, DA Davidson boosted their price target on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research note 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 MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $10.25.

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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