Insider Selling: Sprinklr, Inc. (NYSE:CXM) General Counsel Sells 6,458 Shares of 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 represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sprinklr Stock Down 0.3%

Shares of CXM traded down $0.03 during trading hours on Friday, hitting $8.03. 3,612,629 shares of the company were exchanged, compared to its average volume of 1,967,682. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 1.77 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. The firm's fifty day moving average is $8.01 and its 200 day moving average is $8.44.

Sprinklr (NYSE:CXM - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) 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 analyst estimates of $201.83 million. During the same period in the prior year, the firm posted $0.09 EPS. Sprinklr's quarterly revenue was up 4.9% on a year-over-year basis. Analysts anticipate that Sprinklr, Inc. will post 0.1 EPS for the current year.

Institutional Trading of Sprinklr

Several institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position in shares of Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after buying an additional 1,928 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Sprinklr by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company's stock worth $988,000 after buying an additional 2,478 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 2,489 shares during the last quarter. EPIQ Capital Group LLC lifted its position in shares of Sprinklr by 26.2% during the 4th quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company's stock worth $109,000 after buying an additional 2,664 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Sprinklr by 10.6% during the 4th quarter. NewEdge Advisors LLC now owns 28,212 shares of the company's stock worth $238,000 after buying an additional 2,700 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CXM has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on Sprinklr in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price objective on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a report on Thursday, June 5th. DA Davidson upped their price objective on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $12.00 price objective on shares of Sprinklr in a report on Thursday, June 5th. Finally, Scotiabank upped 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Sprinklr presently 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.