Sprinklr, Inc. (NYSE:CXM) Insider Sells $1,007,194.24 in Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) insider Scott Michael Harvey sold 121,057 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $8.32, for a total value of $1,007,194.24. Following the completion of the transaction, the insider now owns 703,332 shares of the company's stock, valued at $5,851,722.24. The trade was a 14.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $8.17, for a total transaction of $114,085.88.

Sprinklr Price Performance

NYSE:CXM traded down $0.22 on Friday, hitting $8.19. 7,995,452 shares of the company's stock were exchanged, compared to its average volume of 1,996,546. The company has a market cap of $2.12 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.81 and a beta of 0.81. The firm has a 50-day moving average price of $8.10 and a 200-day moving average price of $8.43. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $10.27.

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

Institutional Trading of Sprinklr

Several institutional investors and hedge funds have recently bought and sold shares of CXM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Sprinklr by 4.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 260,769 shares of the company's stock valued at $2,177,000 after buying an additional 10,136 shares during the last quarter. S Squared Technology LLC increased its holdings in Sprinklr by 78.0% in the 1st quarter. S Squared Technology LLC now owns 445,039 shares of the company's stock valued at $3,716,000 after buying an additional 195,039 shares during the period. Caxton Associates LLP bought a new position in Sprinklr in the first quarter valued at approximately $287,000. PharVision Advisers LLC bought a new position in shares of Sprinklr in the 1st quarter valued at $190,000. Finally, Millennium Management LLC lifted its position in shares of Sprinklr by 4.6% during the 1st quarter. Millennium Management LLC now owns 581,361 shares of the company's stock worth $4,854,000 after buying an additional 25,609 shares during the last quarter. Institutional investors own 40.19% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CXM. Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 price target on shares of Sprinklr in a research report on Thursday, June 5th. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 price target on shares of Sprinklr in a report on Friday. DA Davidson lifted their price target on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Scotiabank boosted their target price 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. Finally, Wells Fargo & Company increased their price target on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $10.25.

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.

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