Insider Selling: Sprinklr, Inc. (NYSE:CXM) CFO Sells 35,744 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) CFO Manish Sarin sold 35,744 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $8.17, for a total transaction of $292,028.48. Following the completion of the transaction, the chief financial officer now directly owns 932,238 shares of the company’s stock, valued at $7,616,384.46. This trade represents a 3.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sprinklr Price Performance

Shares of CXM opened at $8.03 on Friday. The firm has a market capitalization of $2.08 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81. Sprinklr, Inc. has a 1-year low of $6.75 and a 1-year high of $10.27. The company’s fifty day moving average price is $8.01 and its 200-day moving average price is $8.44.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $205.50 million for the quarter, compared to analyst estimates of $201.83 million. Sprinklr had a net margin of 13.57% and a return on equity of 6.86%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. As a group, research analysts anticipate that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Sprinklr

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. boosted 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. Ancora Advisors LLC purchased a new stake in Sprinklr in the fourth quarter valued at $34,000. Quarry LP boosted its holdings in 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 purchasing an additional 7,557 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in Sprinklr in the fourth quarter valued at $92,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CXM shares. 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 price objective for the company. Scotiabank boosted their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 13th. DA Davidson lifted their price target on shares of Sprinklr from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, June 5th. Wells Fargo & Company lifted their price target on shares of Sprinklr from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, June 5th. Finally, Morgan Stanley lifted their price target on shares of Sprinklr from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.