Sprinklr, Inc. (NYSE:CXM) CFO Sells $1,584,973.43 in Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) CFO Manish Sarin sold 174,749 shares of Sprinklr stock in a transaction that occurred on Wednesday, July 9th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 Price Performance

Sprinklr stock traded up $0.01 during trading hours on Thursday, reaching $9.13. The stock had a trading volume of 795,784 shares, compared to its average volume of 2,031,909. The stock has a market cap of $2.36 billion, a PE ratio of 22.26, 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 $9.93. The company has a fifty day simple moving average of $8.34 and a 200-day simple moving average of $8.40.

Sprinklr (NYSE:CXM - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share 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 net margin of 13.57% and a return on equity of 6.86%. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. Research analysts predict that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. 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 research report on Thursday, March 13th. Cantor Fitzgerald started 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. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a report on Friday, June 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 target price on shares of Sprinklr in a research note on Thursday, June 5th. Finally, DA Davidson raised 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 analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Sprinklr has an average rating of "Hold" and an average target price of $10.25.

Institutional Investors Weigh In On Sprinklr

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake 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 worth $33,000 after buying an additional 1,928 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sprinklr by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company's stock valued at $988,000 after buying an additional 2,478 shares during the last quarter. GAMMA Investing LLC increased its holdings in Sprinklr by 209.5% during the first 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 during the last quarter. NewEdge Advisors LLC increased its stake in shares of Sprinklr by 10.6% in the fourth quarter. NewEdge Advisors LLC now owns 28,212 shares of the company's stock worth $238,000 after purchasing an additional 2,700 shares in the last quarter. Finally, AlphaQuest LLC increased its stake in shares of Sprinklr by 12.8% in the first quarter. AlphaQuest LLC now owns 34,118 shares of the company's stock worth $285,000 after purchasing an additional 3,882 shares in the last quarter. Institutional investors own 40.19% of the company's stock.

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.