Sprinklr, Inc. (NYSE:CXM) CFO Manish Sarin Sells 24,468 Shares

Sprinklr, Inc. (NYSE:CXM - Get Free Report) CFO Manish Sarin sold 24,468 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $9.00, for a total value of $220,212.00. Following the sale, the chief financial officer owned 907,770 shares of the company's stock, valued at approximately $8,169,930. This trade represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 value 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 value 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 Down 1.1%

Sprinklr stock traded down $0.10 during midday trading on Thursday, reaching $9.02. 2,120,303 shares of the stock traded hands, compared to its average volume of 2,039,629. The stock has a market cap of $2.34 billion, a P/E ratio of 22.01, a PEG ratio of 2.01 and a beta of 0.80. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $9.93. The stock's fifty day moving average is $8.37 and its 200-day moving average is $8.40.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $205.50 million during the quarter, compared to analyst estimates of $201.83 million. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. On average, equities analysts predict that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a research report on Thursday, June 5th. Morgan Stanley increased their target price on Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. JMP Securities reiterated a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a research report on Friday, June 27th. Rosenblatt Securities reiterated a "buy" rating and set a $12.00 target price on shares of Sprinklr in a research report on Thursday, June 5th. Finally, DA Davidson increased their target price on Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report 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 given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $10.25.

Institutional Investors Weigh In On Sprinklr

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of Sprinklr by 34.2% in the fourth quarter. Bank of America Corp DE now owns 883,398 shares of the company's stock worth $7,465,000 after buying an additional 224,886 shares during the period. Northern Trust Corp raised its holdings in shares of Sprinklr by 3.3% in the fourth quarter. Northern Trust Corp now owns 1,232,711 shares of the company's stock worth $10,416,000 after buying an additional 38,895 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Sprinklr in the fourth quarter worth approximately $424,000. Jefferies Financial Group Inc. increased its holdings in Sprinklr by 96.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after purchasing an additional 2,851,106 shares during the period. Finally, Nuveen Asset Management LLC raised its position in Sprinklr by 139.6% during the 4th quarter. Nuveen Asset Management LLC now owns 691,277 shares of the company's stock valued at $5,841,000 after purchasing an additional 402,761 shares in the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

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.