Neeraj Agrawal Sells 121,060 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) Director Neeraj Agrawal sold 121,060 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $8.74, for a total value of $1,058,064.40. Following the completion of the sale, the director now directly owns 200,244 shares in the company, valued at approximately $1,750,132.56. The trade was a 37.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Neeraj Agrawal also recently made the following trade(s):

• On Monday, June 9th, Neeraj Agrawal sold 378,940 shares of Sprinklr stock. The stock was sold at an average price of $8.76, for a total value of $3,319,514.40.
• On Friday, March 14th, Neeraj Agrawal sold 26,053 shares of Sprinklr stock. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84.

Sprinklr Price Performance

Shares of Sprinklr stock opened at $8.11 on Friday. The firm has a 50 day simple moving average of $7.94 and a 200 day simple moving average of $8.45. Sprinklr, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $10.27. The firm has a market cap of $2.08 billion, a P/E ratio of 50.69, a P/E/G ratio of 2.31 and a beta of 0.81.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Sprinklr had a return on equity of 7.84% and a net margin of 5.59%. The company had revenue of $205.50 million during the quarter, compared to the consensus estimate of $201.83 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that Sprinklr, Inc. will post 0.1 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on CXM. Cantor Fitzgerald started coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They issued a “neutral” rating and a $8.00 price objective for the company. Morgan Stanley increased their price target on shares of Sprinklr from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 5th. Scotiabank boosted their price objective on Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, March 13th. JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research note on Thursday, June 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Sprinklr in a report on Thursday, June 5th. 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 stock. According to MarketBeat.com, Sprinklr presently has an average rating of “Hold” and a consensus target price of $10.25.

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in 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 purchasing an additional 1,928 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sprinklr by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company’s stock worth $988,000 after acquiring an additional 2,478 shares during the last quarter. GAMMA Investing LLC grew its holdings in Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock valued at $31,000 after purchasing an additional 2,489 shares during the period. EPIQ Capital Group LLC grew its holdings in Sprinklr by 26.2% during the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock valued at $109,000 after purchasing an additional 2,664 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Sprinklr by 10.6% in the fourth quarter. NewEdge Advisors LLC now owns 28,212 shares of the company’s stock valued at $238,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

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.