Insider Selling: Sprinklr, Inc. (NYSE:CXM) Insider Sells 13,964 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) insider Scott Michael Harvey sold 13,964 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $8.17, for a total transaction of $114,085.88. Following the sale, the insider now directly owns 824,389 shares of the company’s stock, valued at $6,735,258.13. This represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Sprinklr Stock Performance

Shares of CXM opened at $8.03 on Friday. The business has a 50-day moving average of $8.01 and a 200 day moving average of $8.44. 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 19.57, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, topping 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 business had revenue of $205.50 million during the quarter, compared to the consensus estimate of $201.83 million. During the same quarter last year, the company earned $0.09 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, research analysts predict that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CXM shares. Rosenblatt Securities reissued a “buy” rating and set a $12.00 target price on shares of Sprinklr in a research report on Thursday, June 5th. Wells Fargo & Company increased their target price on shares of Sprinklr from $6.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, June 5th. Cantor Fitzgerald started coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They set a “neutral” rating and a $8.00 target price for the company. JMP Securities reissued a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Thursday, June 5th. Finally, Morgan Stanley increased their target price on shares of Sprinklr from $8.00 to $10.00 and gave the company an “equal weight” rating in a research 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 assigned a buy rating to the company’s stock. According to MarketBeat, Sprinklr presently has a consensus rating of “Hold” and a consensus target price of $10.25.

Hedge Funds Weigh In On Sprinklr

Large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Sprinklr by 209.5% during the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock valued at $31,000 after buying an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Sprinklr by 100.0% during the 4th 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 in the last quarter. Ancora Advisors LLC purchased a new position in shares of Sprinklr during the 4th quarter valued at about $34,000. Quarry LP raised its holdings in shares of Sprinklr by 5,071.8% during the 1st quarter. Quarry LP now owns 7,706 shares of the company’s stock valued at $64,000 after buying an additional 7,557 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Sprinklr during the 4th quarter valued at about $92,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

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.