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 Sprinklr stock in a transaction dated Wednesday, July 2nd. The shares were 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 approximately $6,413,236.29. This represents a 79.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, June 27th, Ragy Thomas sold 3,000,000 shares of Sprinklr stock. The shares were 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 stock was 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 stock was sold at an average price of $7.72, for a total value of $11,626.32.

Sprinklr Stock Up 1.7%

NYSE:CXM traded up $0.15 on Friday, reaching $8.76. The stock had a trading volume of 2,541,395 shares, compared to its average volume of 2,014,114. The company has a market capitalization of $2.27 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.80. Sprinklr, Inc. has a 1-year low of $6.75 and a 1-year high of $10.11. The stock has a fifty day moving average price of $8.26 and a 200-day moving average price of $8.39.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CXM shares. DA Davidson increased their price objective on Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Rosenblatt Securities reissued a "buy" rating and issued a $12.00 price target on shares of Sprinklr in a research report on Thursday, June 5th. 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. Scotiabank increased their target price on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 13th. Finally, Wells Fargo & Company boosted their price target on shares of 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 assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $10.25.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CXM. GAMMA Investing LLC raised its stake in shares of Sprinklr by 209.5% in the first 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 position in 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 during the last quarter. Ancora Advisors LLC bought a new position in Sprinklr in the 4th quarter worth approximately $34,000. Quarry LP lifted its holdings in Sprinklr by 5,071.8% during the 1st quarter. Quarry LP now owns 7,706 shares of the company's stock worth $64,000 after buying an additional 7,557 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in Sprinklr in the 4th quarter valued at $92,000. 40.19% of the stock is owned by 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.