Neeraj Agrawal Sells 378,940 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Neeraj Agrawal sold 378,940 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $8.76, for a total transaction of $3,319,514.40. Following the sale, the director now owns 321,304 shares of the company's stock, valued at approximately $2,814,623.04. This represents a 54.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Neeraj Agrawal also recently made the following trade(s):

• On Tuesday, June 10th, Neeraj Agrawal sold 121,060 shares of Sprinklr stock. The stock was sold at an average price of $8.74, for a total transaction of $1,058,064.40.
• On Friday, March 14th, Neeraj Agrawal sold 26,053 shares of Sprinklr stock. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84.

Sprinklr Price Performance

Shares of CXM stock traded down $0.15 on Friday, hitting $7.96. 2,240,684 shares of the company's stock were exchanged, compared to its average volume of 1,985,192. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $10.27. The stock has a market cap of $2.06 billion, a P/E ratio of 49.75, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81. The company has a 50 day moving average of $7.96 and a 200 day moving average of $8.45.

Sprinklr (NYSE:CXM - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm 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 7.84% and a net margin of 5.59%. The business's quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. Sell-side analysts predict that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Analyst Ratings Changes

CXM has been the subject of several research reports. JMP Securities restated a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research report on Thursday, June 5th. DA Davidson increased their price target on shares of Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Cantor Fitzgerald assumed coverage on Sprinklr in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price objective on the stock. Morgan Stanley increased their price target on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $12.00 price objective on shares of Sprinklr in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.25.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Barclays PLC lifted its holdings in Sprinklr by 283.7% during the third quarter. Barclays PLC now owns 242,990 shares of the company's stock worth $1,878,000 after acquiring an additional 179,661 shares during the period. SG Americas Securities LLC bought a new position in Sprinklr in the 4th quarter worth about $89,000. Bank of New York Mellon Corp increased its stake in Sprinklr by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company's stock worth $12,627,000 after acquiring an additional 11,513 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Sprinklr by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company's stock worth $8,917,000 after acquiring an additional 18,021 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Sprinklr by 41.5% during the 4th quarter. Victory Capital Management Inc. now owns 87,070 shares of the company's stock valued at $736,000 after buying an additional 25,552 shares in the last quarter. Institutional investors own 40.19% of the company's stock.

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.