Sprinklr, Inc. (NYSE:CXM) Director Sells $267,714.56 in Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Ragy Thomas sold 32,768 shares of Sprinklr stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $8.17, for a total value of $267,714.56. Following the completion of the sale, the director now owns 974,286 shares of the company's stock, valued at $7,959,916.62. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 value of $23,820,000.00.
• 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 Price Performance

Shares of NYSE CXM traded down $0.28 during midday trading on Wednesday, hitting $8.05. The stock had a trading volume of 1,762,398 shares, compared to its average volume of 1,990,317. The company's 50-day simple moving average is $7.99 and its 200 day simple moving average is $8.45. The firm has a market cap of $2.08 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.81 and a beta of 0.81. Sprinklr, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $10.27.

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. The firm had revenue of $205.50 million during 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 revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 earnings per share. Equities analysts expect that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Institutional Trading of Sprinklr

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in Sprinklr by 209.5% during 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 period. PNC Financial Services Group Inc. grew its position 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 valued at $33,000 after buying an additional 1,928 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Sprinklr during the 4th quarter valued at about $34,000. Quarry LP boosted its position in shares of 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 acquired a new position in Sprinklr during the 4th quarter worth approximately $92,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CXM has been the topic of several research reports. Cantor Fitzgerald assumed coverage on Sprinklr in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price target on the stock. Wells Fargo & Company upped their target price on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. 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. Scotiabank increased their price objective on Sprinklr from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Thursday, March 13th. Finally, JMP Securities reissued a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a report on Thursday, June 5th. 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.25.

About Sprinklr

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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