Sprinklr, Inc. (NYSE:CXM) Insider Sells $192,798.00 in Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) insider Scott Michael Harvey sold 21,422 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $9.00, for a total transaction of $192,798.00. Following the completion of the sale, the insider directly owned 681,910 shares in the company, valued at $6,137,190. This represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, June 26th, Scott Michael Harvey sold 121,057 shares of Sprinklr stock. The shares were sold at an average price of $8.32, for a total value of $1,007,194.24.
• 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 value of $114,085.88.

Sprinklr Stock Performance

Shares of NYSE:CXM traded up $0.11 during trading on Wednesday, hitting $9.11. The company's stock had a trading volume of 3,136,815 shares, compared to its average volume of 2,036,164. The company has a market capitalization of $2.36 billion, a PE ratio of 22.22, a PEG ratio of 1.98 and a beta of 0.80. Sprinklr, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $9.99. The stock's 50-day moving average price is $8.31 and its two-hundred day moving average price is $8.39.

Sprinklr (NYSE:CXM - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $205.50 million during 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. On average, equities analysts predict that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

CXM has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a research report on Thursday, June 5th. Cantor Fitzgerald started coverage on shares of Sprinklr in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 target price on the stock. Morgan Stanley lifted their target price on shares of Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 price target on shares of Sprinklr in a report on Thursday, June 5th. Finally, JMP Securities restated a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research note on Friday, June 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.25.

Hedge Funds Weigh In On Sprinklr

Several large investors have recently modified their holdings of CXM. Bank of New York Mellon Corp grew its stake in Sprinklr by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company's stock worth $12,627,000 after buying an additional 11,513 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sprinklr by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company's stock valued at $8,917,000 after acquiring an additional 18,021 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Sprinklr by 41.5% during the 4th quarter. Victory Capital Management Inc. now owns 87,070 shares of the company's stock valued at $736,000 after purchasing an additional 25,552 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock valued at $33,000 after buying an additional 1,928 shares during the period. Finally, First Eagle Investment Management LLC bought a new position in Sprinklr during the fourth quarter valued at about $452,000. Institutional investors own 40.19% of the company's stock.

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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