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

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 stock was sold at an average price of $9.00, for a total value of $220,212.00. Following the transaction, the chief financial officer owned 907,770 shares of the company's stock, valued at approximately $8,169,930. The trade was a 2.62% 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 hyperlink.

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 5.4%

Shares of NYSE CXM traded down $0.49 during mid-day trading on Friday, hitting $8.55. 3,591,396 shares of the company traded hands, compared to its average volume of 2,050,484. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $9.93. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.88 and a beta of 0.80. The business has a 50 day moving average of $8.38 and a two-hundred day moving average of $8.39.

Sprinklr (NYSE:CXM - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%. The business had revenue of $205.50 million during the quarter, compared to the consensus estimate of $201.83 million. During the same period in the prior year, the business posted $0.09 earnings per share. Sprinklr's revenue was up 4.9% compared to the same quarter last year. As a group, research analysts anticipate that Sprinklr, Inc. will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

CXM has been the subject of a number of analyst reports. Morgan Stanley boosted their price target 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 price target on shares of Sprinklr in a research report on Friday, June 27th. Rosenblatt Securities reiterated a "buy" rating and set a $12.00 price target on shares of Sprinklr in a research report on Thursday, June 5th. Cantor Fitzgerald assumed coverage on Sprinklr in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $10.25.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently modified their holdings of CXM. Bank of New York Mellon Corp raised its position in Sprinklr by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company's stock valued at $12,627,000 after buying an additional 11,513 shares during the period. Charles Schwab Investment Management Inc. raised its position in Sprinklr by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company's stock valued at $8,917,000 after buying an additional 18,021 shares during the period. Victory Capital Management Inc. raised its position in Sprinklr by 41.5% during the fourth quarter. Victory Capital Management Inc. now owns 87,070 shares of the company's stock valued at $736,000 after buying an additional 25,552 shares during the period. PNC Financial Services Group Inc. raised its position in Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after buying an additional 1,928 shares during the period. Finally, First Eagle Investment Management LLC acquired a new position in Sprinklr during the fourth quarter valued at $452,000. 40.19% of the stock is 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.