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

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 shares were sold at an average price of $8.76, for a total transaction of $3,319,514.40. Following the completion of the sale, the director now owns 321,304 shares of the company's stock, valued at approximately $2,814,623.04. The trade was a 54.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, June 10th, Neeraj Agrawal sold 121,060 shares of Sprinklr stock. The shares were 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 shares were sold at an average price of $9.28, for a total transaction of $241,771.84.

Sprinklr Stock Down 5.4%

Shares of NYSE CXM traded down $0.46 during trading on Thursday, reaching $8.11. 5,798,096 shares of the stock were exchanged, compared to its average volume of 1,990,840. The business's 50-day moving average price is $7.92 and its 200 day moving average price is $8.45. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $10.27. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 50.69, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $205.50 million for the quarter, compared to analysts' expectations of $201.83 million. Sprinklr had a net margin of 5.59% and a return on equity of 7.84%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. As a group, sell-side analysts expect that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

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 target price on shares of Sprinklr in a report on Thursday, June 5th. Morgan Stanley boosted their price objective on shares of Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Cantor Fitzgerald started coverage on shares of Sprinklr in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price objective for the company. Rosenblatt Securities reiterated a "buy" rating and set a $12.00 price objective on shares of Sprinklr in a research note on Thursday, June 5th. Finally, Scotiabank boosted their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sprinklr presently has an average rating of "Hold" and an average price target of $10.25.

Institutional Trading of Sprinklr

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Sprinklr by 8.5% during the first quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company's stock worth $121,065,000 after purchasing an additional 1,138,542 shares during the period. Jefferies Financial Group Inc. raised its holdings in shares of Sprinklr by 96.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after purchasing an additional 2,851,106 shares during the period. Deutsche Bank AG raised its holdings in shares of Sprinklr by 2.7% during the fourth quarter. Deutsche Bank AG now owns 2,792,583 shares of the company's stock worth $23,597,000 after purchasing an additional 73,405 shares during the period. Norges Bank acquired a new stake in shares of Sprinklr during the fourth quarter worth $16,477,000. Finally, Letko Brosseau & Associates Inc. raised its holdings in shares of Sprinklr by 1.0% during the first quarter. Letko Brosseau & Associates Inc. now owns 1,748,875 shares of the company's stock worth $14,603,000 after purchasing an additional 17,275 shares during the period. 40.19% of the stock is owned by institutional investors and hedge funds.

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.