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 firm's 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 transaction, the director owned 766,217 shares in the company, 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 legal filing with the Securities & Exchange Commission, 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 shares were 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 transaction 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 Performance

Shares of Sprinklr stock traded up $0.15 during midday trading on Thursday, hitting $8.76. The company had a trading volume of 2,541,395 shares, compared to its average volume of 2,017,581. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $10.27. The stock has a market capitalization of $2.27 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.91 and a beta of 0.80. The company has a 50 day moving average of $8.22 and a 200 day moving average of $8.41.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CXM. GAMMA Investing LLC raised its holdings in Sprinklr by 209.5% in the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after acquiring an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after purchasing an additional 1,928 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Sprinklr in the fourth quarter worth $34,000. Quarry LP lifted its holdings in shares of 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 stake in shares of Sprinklr during the fourth quarter valued at $92,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CXM shares. Rosenblatt Securities reissued a "buy" rating and set a $12.00 price objective on shares of Sprinklr in a research report on Thursday, June 5th. DA Davidson lifted their target price on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Cantor Fitzgerald initiated coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price target on the stock. Morgan Stanley raised their price objective 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, JMP Securities reaffirmed a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research report on Friday, June 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.