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

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Ragy Thomas sold 3,000,000 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $8.37, for a total transaction of $25,110,000.00. Following the sale, the director owned 766,217 shares in the company, valued at $6,413,236.29. This represents a 79.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, June 27th, Ragy Thomas sold 3,000,000 shares of Sprinklr stock. The stock was sold at an average price of $7.98, for a total value of $23,940,000.00.
• 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 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 Performance

Shares of CXM stock traded up $0.15 during mid-day trading on Friday, hitting $8.76. The company's stock had a trading volume of 2,541,395 shares, compared to its average volume of 2,017,577. The company has a market cap of $2.27 billion, a PE ratio of 21.37, a P/E/G ratio of 1.93 and a beta of 0.80. The company's fifty day simple moving average is $8.26 and its 200-day simple moving average is $8.40. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $10.27.

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

Institutional Trading of Sprinklr

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CXM. GAMMA Investing LLC grew its stake in Sprinklr by 209.5% in the first 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 period. PNC Financial Services Group Inc. lifted its holdings in shares of Sprinklr by 100.0% in the 4th 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 in the last quarter. Ancora Advisors LLC acquired a new stake in Sprinklr in the 4th quarter valued at $34,000. Quarry LP increased its stake in Sprinklr by 5,071.8% during the 1st 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 bought a new stake in Sprinklr during the 4th quarter valued at $92,000. 40.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald started coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 target price on the stock. Scotiabank lifted their price target on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. JMP Securities reissued a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Friday, June 27th. DA Davidson increased their price objective on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Finally, Wells Fargo & Company raised 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. Two equities 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. According to MarketBeat, the stock presently 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.