Sprinklr, Inc. (NYSE:CXM) General Counsel Sells $52,761.86 in Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) General Counsel Jacob Scott sold 6,458 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 value of $52,761.86. Following the completion of the transaction, the general counsel now directly owns 504,086 shares in the company, valued at approximately $4,118,382.62. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Sprinklr Stock Down 3.3%

NYSE CXM traded down $0.28 during trading hours on Wednesday, hitting $8.05. 1,762,398 shares of the company were exchanged, compared to its average volume of 1,990,317. The company has a 50 day moving average of $7.99 and a two-hundred day moving average of $8.45. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $10.27. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.81 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%. The company had revenue of $205.50 million for the quarter, compared to the consensus estimate of $201.83 million. During the same quarter in the prior year, the business earned $0.09 EPS. Sprinklr's revenue was up 4.9% on a year-over-year basis. On average, equities research analysts predict that Sprinklr, Inc. will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Sprinklr

Several large investors have recently bought and sold shares of CXM. GAMMA Investing LLC increased its holdings in shares of Sprinklr by 209.5% in the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock valued at $31,000 after acquiring an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings 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 acquiring an additional 1,928 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Sprinklr in the 4th quarter valued at about $34,000. Quarry LP increased its holdings in shares of Sprinklr by 5,071.8% in the 1st quarter. Quarry LP now owns 7,706 shares of the company's stock valued at $64,000 after acquiring an additional 7,557 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Sprinklr in the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 40.19% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CXM. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a research note on Thursday, June 5th. Morgan Stanley increased their target price on Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Rosenblatt Securities reissued a "buy" rating and set a $12.00 target price on shares of Sprinklr in a research note 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 research note 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 research note on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus 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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