Sprinklr, Inc. (NYSE:CXM) Director Ragy Thomas Sells 3,000,000 Shares

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Ragy Thomas sold 3,000,000 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $7.98, for a total value of $23,940,000.00. Following the sale, the director directly owned 766,217 shares of the company's stock, valued at approximately $6,114,411.66. The trade was a 79.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, June 18th, Ragy Thomas sold 3,000,000 shares of Sprinklr stock. The stock was sold at an average price of $7.94, for a total transaction of $23,820,000.00.
• On Monday, June 16th, Ragy Thomas sold 32,768 shares of Sprinklr stock. The shares were sold at an average price of $8.17, for a total value of $267,714.56.
• On Tuesday, April 29th, Ragy Thomas sold 1,506 shares of Sprinklr stock. The shares were sold at an average price of $7.72, for a total value of $11,626.32.

Sprinklr Stock Up 2.4%

Shares of CXM traded up $0.20 during midday trading on Tuesday, reaching $8.66. 4,483,799 shares of the stock were exchanged, compared to its average volume of 2,005,548. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $10.27. The company has a market cap of $2.24 billion, a P/E ratio of 60.43, a PEG ratio of 1.86 and a beta of 0.80. The stock's 50 day simple moving average is $8.16 and its 200 day simple moving average is $8.40.

Sprinklr (NYSE:CXM - Get Free Report) last posted its earnings results 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 return on equity of 6.86% and a net margin of 13.57%. The company had revenue of $205.50 million during the quarter, compared to the consensus estimate of $201.83 million. During the same quarter last year, the firm earned $0.09 earnings per share. The company's revenue was up 4.9% on a year-over-year basis. As a group, analysts predict that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after acquiring an additional 1,928 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Sprinklr by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company's stock valued at $988,000 after purchasing an additional 2,478 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after purchasing an additional 2,489 shares in the last quarter. EPIQ Capital Group LLC boosted its stake in shares of Sprinklr by 26.2% during the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock valued at $109,000 after purchasing an additional 2,664 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Sprinklr by 10.6% during the fourth quarter. NewEdge Advisors LLC now owns 28,212 shares of the company's stock valued at $238,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors own 40.19% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CXM. Morgan Stanley increased their price objective on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Cantor Fitzgerald started coverage on Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price target for the company. Wells Fargo & Company raised their price target on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. DA Davidson raised their price target on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $12.00 price target on shares of Sprinklr in a 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.