Insider Selling: Sprinklr, Inc. (NYSE:CXM) Insider Sells 21,422 Shares of Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) insider Scott Michael Harvey sold 21,422 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $9.00, for a total value of $192,798.00. Following the transaction, the insider owned 681,910 shares in the company, valued at approximately $6,137,190. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was 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 Price Performance

CXM traded down $0.10 during trading hours on Thursday, reaching $9.02. The company's stock had a trading volume of 2,120,303 shares, compared to its average volume of 2,039,629. Sprinklr, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $9.93. The stock has a market cap of $2.34 billion, a PE ratio of 22.01, a P/E/G ratio of 2.01 and a beta of 0.80. The business's 50-day moving average is $8.37 and its 200-day moving average is $8.40.

Sprinklr (NYSE:CXM - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $201.83 million. During the same period in the prior year, the firm earned $0.09 earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. Analysts expect that Sprinklr, Inc. will post 0.1 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CXM. Rosenblatt Securities reissued a "buy" rating and issued a $12.00 price objective on shares of Sprinklr in a report on Thursday, June 5th. JMP Securities reiterated a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research note on Friday, June 27th. Cantor Fitzgerald began coverage on Sprinklr in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price objective for the company. Wells Fargo & Company upped their price target on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, June 5th. Finally, DA Davidson upped their price target on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Sprinklr currently has a consensus rating of "Hold" and an average target price of $10.25.

Institutional Trading of Sprinklr

Several hedge funds have recently modified their holdings of CXM. GAMMA Investing LLC raised its stake in shares of 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 in the last quarter. PNC Financial Services Group Inc. raised its stake 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 acquiring an additional 1,928 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Sprinklr in the fourth quarter valued at $34,000. Quarry LP raised its stake in shares of Sprinklr by 5,071.8% in the first quarter. Quarry LP now owns 7,706 shares of the company's stock valued at $64,000 after acquiring an additional 7,557 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Sprinklr in the fourth quarter valued at $92,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.