Sprinklr, Inc. (NYSE:CXM) Director Sells $23,820,000.00 in Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Ragy Thomas sold 3,000,000 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $7.94, for a total transaction of $23,820,000.00. Following the sale, the director now owns 974,286 shares of the company's stock, valued at $7,735,830.84. This trade represents a 75.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ragy Thomas also recently made the following trade(s):

• On Monday, June 16th, Ragy Thomas sold 32,768 shares of Sprinklr stock. The stock was sold at an average price of $8.17, for a total transaction of $267,714.56.
• On Tuesday, April 29th, Ragy Thomas sold 1,506 shares of Sprinklr stock. The stock was sold at an average price of $7.72, for a total transaction of $11,626.32.

Sprinklr Stock Down 3.3%

Shares of NYSE:CXM traded down $0.28 during midday trading on Wednesday, reaching $8.05. The company's stock had a trading volume of 1,762,398 shares, compared to its average volume of 1,990,317. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $10.27. The firm has a 50 day moving average of $7.99 and a 200-day moving average of $8.45. The firm has a market capitalization of $2.08 billion, a P/E ratio of 19.62, a PEG ratio of 1.81 and a beta of 0.81.

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

Institutional Trading of Sprinklr

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Sprinklr by 209.5% during the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after acquiring an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 purchasing an additional 1,928 shares in the last quarter. Ancora Advisors LLC purchased a new position in Sprinklr during the fourth quarter valued at approximately $34,000. Quarry LP lifted its holdings in Sprinklr by 5,071.8% during the first quarter. Quarry LP now owns 7,706 shares of the company's stock valued at $64,000 after purchasing an additional 7,557 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Sprinklr in the fourth quarter worth $92,000. Hedge funds and other institutional investors own 40.19% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald initiated coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price objective for the company. Scotiabank upped their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a research note on Thursday, March 13th. Rosenblatt Securities reiterated a "buy" rating and set a $12.00 price target on shares of Sprinklr in a 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 report on Thursday, June 5th. Finally, Wells Fargo & Company upped their price objective on shares of Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock 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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