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

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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.

Get Our Latest Stock Report on CXM

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

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Sprinklr (NYSE:CXM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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