Scott Michael Harvey Sells 121,057 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) insider Scott Michael Harvey sold 121,057 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $8.32, for a total value of $1,007,194.24. Following the completion of the sale, the insider owned 703,332 shares of the company's stock, valued at approximately $5,851,722.24. This represents a 14.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Scott Michael Harvey also recently made the following trade(s):

• On Monday, June 16th, Scott Michael Harvey sold 13,964 shares of Sprinklr stock. The stock was sold at an average price of $8.17, for a total transaction of $114,085.88.

Sprinklr Stock Up 3.0%

Shares of NYSE:CXM traded up $0.25 during midday trading on Monday, reaching $8.46. The company's stock had a trading volume of 4,293,579 shares, compared to its average volume of 1,999,461. The stock has a fifty day moving average of $8.16 and a 200 day moving average of $8.40. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $10.27. The firm has a market capitalization of $2.19 billion, a PE ratio of 20.63, a P/E/G ratio of 1.81 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last announced 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. The company had revenue of $205.50 million for the quarter, compared to the consensus estimate of $201.83 million. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. Sell-side analysts anticipate that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Institutional Trading of Sprinklr

Several hedge funds and other institutional investors have recently bought and sold shares of CXM. GAMMA Investing LLC lifted its holdings in Sprinklr by 209.5% in the first 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 period. PNC Financial Services Group Inc. increased its holdings 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 valued at $33,000 after purchasing an additional 1,928 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Sprinklr in the 4th quarter valued at $34,000. Quarry LP lifted its stake 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 purchasing an additional 7,557 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in Sprinklr during the fourth quarter worth $92,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CXM. JMP Securities reiterated a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a report on Friday. Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 target price on shares of Sprinklr in a report on Thursday, June 5th. Cantor Fitzgerald started coverage on Sprinklr in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price target on the stock. DA Davidson lifted 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. Finally, Scotiabank increased their target price on shares of Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report on Thursday, March 13th. Two 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 stock. According to 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.