Insider Selling: Sprinklr, Inc. (NYSE:CXM) Director Sells 32,768 Shares of Stock

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

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 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 transaction of $11,626.32.

Sprinklr Trading Down 0.3%

Shares of Sprinklr stock traded down $0.03 during trading hours on Friday, reaching $8.03. 3,612,629 shares of the company's stock were exchanged, compared to its average volume of 1,967,682. The company has a 50 day moving average of $8.01 and a two-hundred day moving average of $8.44. Sprinklr, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $10.27. The stock has a market cap of $2.08 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.77 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, topping 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 the consensus estimate of $201.83 million. During the same period in the prior year, the business posted $0.09 EPS. The company's quarterly revenue was up 4.9% on a year-over-year basis. As a group, analysts expect that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sprinklr

Large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of Sprinklr by 34.2% during the 4th quarter. Bank of America Corp DE now owns 883,398 shares of the company's stock worth $7,465,000 after buying an additional 224,886 shares during the last quarter. Ceera Investments LLC boosted its stake in shares of Sprinklr by 61.4% during the 4th quarter. Ceera Investments LLC now owns 182,105 shares of the company's stock worth $1,539,000 after buying an additional 69,290 shares during the last quarter. Northern Trust Corp lifted its stake in Sprinklr by 3.3% in the 4th quarter. Northern Trust Corp now owns 1,232,711 shares of the company's stock valued at $10,416,000 after purchasing an additional 38,895 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Sprinklr in the 4th quarter valued at about $424,000. Finally, Jefferies Financial Group Inc. lifted its stake in Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock valued at $49,073,000 after purchasing an additional 2,851,106 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CXM has been the subject of a number of recent analyst reports. JMP Securities restated a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Thursday, June 5th. Cantor Fitzgerald initiated coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price objective for the company. Rosenblatt Securities reiterated a "buy" rating and set a $12.00 target price on shares of Sprinklr in a report on Thursday, June 5th. Scotiabank increased their target price on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. Finally, DA Davidson increased their target price on Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average 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.