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 company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $9.00, for a total value of $192,798.00. Following the completion of the transaction, the insider directly owned 681,910 shares in the company, valued at approximately $6,137,190. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 Trading Down 5.4%

NYSE:CXM traded down $0.49 during mid-day trading on Friday, hitting $8.55. 3,591,396 shares of the company's stock traded hands, compared to its average volume of 2,050,484. The firm has a 50 day moving average of $8.38 and a two-hundred day moving average of $8.39. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $9.93. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.88 and a beta of 0.80.

Sprinklr (NYSE:CXM - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%. The firm had revenue of $205.50 million during the quarter, compared to the consensus estimate of $201.83 million. During the same quarter in the prior year, the company earned $0.09 EPS. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts expect that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Institutional Trading of Sprinklr

Several hedge funds have recently added to or reduced their stakes in CXM. Jefferies Financial Group Inc. lifted its position in shares of Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after acquiring an additional 2,851,106 shares during the period. Norges Bank bought a new stake in shares of Sprinklr in the 4th quarter worth approximately $16,477,000. Vanguard Group Inc. lifted its position in shares of Sprinklr by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company's stock worth $121,065,000 after acquiring an additional 1,138,542 shares during the period. Nuveen LLC bought a new stake in shares of Sprinklr in the 1st quarter worth approximately $4,341,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Sprinklr in the 4th quarter worth approximately $3,786,000. Institutional investors own 40.19% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CXM. Wells Fargo & Company increased their price objective on Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, June 5th. Morgan Stanley increased their price objective on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. JMP Securities reissued a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a report on Friday, June 27th. DA Davidson increased 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, Cantor Fitzgerald began coverage on Sprinklr in a report on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.