Arun Pattabhiraman Sells 10,291 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) CMO Arun Pattabhiraman sold 10,291 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the sale, the chief marketing officer now owns 448,947 shares of the company’s stock, valued at approximately $3,515,255.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sprinklr Stock Up 1.3 %

NYSE:CXM opened at $7.91 on Friday. The firm has a market capitalization of $2.10 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78. Sprinklr, Inc. has a twelve month low of $7.23 and a twelve month high of $17.14. The stock’s 50-day simple moving average is $8.85 and its 200 day simple moving average is $10.56.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CXM shares. KeyCorp decreased their price objective on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Barclays lowered their price target on shares of Sprinklr from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Stifel Nicolaus cut their price objective on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, June 6th. DA Davidson decreased their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, Morgan Stanley cut their price target on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.30.

Institutional Investors Weigh In On Sprinklr

Several hedge funds and other institutional investors have recently made changes to their positions in CXM. Mather Group LLC. bought a new position in Sprinklr in the 1st quarter valued at approximately $28,000. CWM LLC lifted its stake in shares of Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Sprinklr during the 4th quarter valued at $115,000. CIBC Asset Management Inc grew its position in Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after acquiring an additional 1,694 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new position in Sprinklr in the 4th quarter worth about $161,000. 40.19% of the stock is owned by 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.