Sprinklr, Inc. (NYSE:CXM) CFO Manish Sarin Sells 35,744 Shares

Sprinklr, Inc. (NYSE:CXM - Get Free Report) CFO Manish Sarin sold 35,744 shares of Sprinklr stock in a transaction on Monday, June 16th. The shares were sold at an average price of $8.17, for a total transaction of $292,028.48. Following the completion of the sale, the chief financial officer now owns 932,238 shares in the company, valued at approximately $7,616,384.46. This trade represents a 3.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sprinklr Price Performance

Shares of CXM traded down $0.28 during midday trading on Wednesday, hitting $8.05. The stock had a trading volume of 1,762,398 shares, compared to its average volume of 1,990,317. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $10.27. The firm has a market cap of $2.08 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 1.81 and a beta of 0.81. The stock's 50 day moving average is $7.99 and its 200 day moving average is $8.45.

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 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 for the quarter, compared to the consensus estimate of $201.83 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The business's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts expect that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of Sprinklr by 209.5% in 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 last quarter. PNC Financial Services Group Inc. grew 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 worth $33,000 after purchasing an additional 1,928 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Sprinklr in the fourth quarter worth about $34,000. Quarry LP grew its holdings in Sprinklr by 5,071.8% during the 1st quarter. Quarry LP now owns 7,706 shares of the company's stock worth $64,000 after acquiring an additional 7,557 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in Sprinklr during the 4th quarter worth about $92,000. 40.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CXM shares. Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 price target on shares of Sprinklr in a report on Thursday, June 5th. Wells Fargo & Company boosted their target price on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. Cantor Fitzgerald began coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 target price on the stock. JMP Securities restated a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a report on Thursday, June 5th. Finally, DA Davidson boosted their target price on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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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