Sprinklr, Inc. (NYSE:CXM) CFO Sells $220,212.00 in Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) CFO Manish Sarin sold 24,468 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $9.00, for a total transaction of $220,212.00. Following the sale, the chief financial officer directly owned 907,770 shares of the company's stock, valued at $8,169,930. This trade represents a 2.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, July 9th, Manish Sarin sold 174,749 shares of Sprinklr stock. The stock was sold at an average price of $9.07, for a total transaction of $1,584,973.43.
• On Tuesday, July 8th, Manish Sarin sold 600 shares of Sprinklr stock. The stock was sold at an average price of $9.00, for a total transaction of $5,400.00.
• On Monday, June 16th, Manish Sarin sold 35,744 shares of Sprinklr stock. The stock was sold at an average price of $8.17, for a total value of $292,028.48.

Sprinklr Stock Up 1.2%

NYSE CXM traded up $0.11 on Wednesday, hitting $9.11. 3,136,815 shares of the stock were exchanged, compared to its average volume of 2,036,164. Sprinklr, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $9.99. 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. The company has a 50-day moving average price of $8.31 and a 200-day moving average price of $8.39.

Sprinklr (NYSE:CXM - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $201.83 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts predict that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CXM. DA Davidson lifted their price target on Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Wells Fargo & Company upped their price objective on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, June 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a research note on Friday, June 27th. Morgan Stanley raised their price target on shares of Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Finally, Scotiabank lifted their target price on shares of Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.25.

Institutional Trading of Sprinklr

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jefferies Financial Group Inc. boosted its holdings in Sprinklr by 96.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after buying an additional 2,851,106 shares in the last quarter. Norges Bank purchased a new stake in shares of Sprinklr during the 4th quarter worth approximately $16,477,000. Vanguard Group Inc. boosted its stake in shares of Sprinklr by 8.5% during the 1st quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company's stock worth $121,065,000 after acquiring an additional 1,138,542 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Sprinklr in the 1st quarter worth approximately $4,341,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Sprinklr in the 4th quarter valued at approximately $3,786,000. Hedge funds and other 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.

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