Insider Selling: Sprinklr, Inc. (NYSE:CXM) CEO Sells 1,505 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) CEO Ragy Thomas sold 1,505 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $7.49, for a total transaction of $11,272.45. Following the completion of the transaction, the chief executive officer now owns 1,047,919 shares in the company, valued at approximately $7,848,913.31. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Ragy Thomas also recently made the following trade(s):

• On Monday, September 16th, Ragy Thomas sold 12,902 shares of Sprinklr stock. The shares were sold at an average price of $7.83, for a total transaction of $101,022.66.

Sprinklr Trading Down 2.2 %

NYSE:CXM opened at $7.38 on Thursday. The firm’s fifty day simple moving average is $7.73 and its 200 day simple moving average is $9.41. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $17.14. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 2.10 and a beta of 0.76.

Sprinklr (NYSE:CXM) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The company had revenue of $197.21 million for the quarter, compared to analysts’ expectations of $194.58 million. On average, analysts predict that Sprinklr, Inc. will post 0.11 earnings per share for the current year.

Institutional Trading of Sprinklr

Several large investors have recently bought and sold shares of CXM. Vanguard Group Inc. lifted its position in shares of Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after purchasing an additional 3,575,001 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Sprinklr by 107,818.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after buying an additional 1,694,900 shares in the last quarter. Solel Partners LP boosted its position in Sprinklr by 46.8% in the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after buying an additional 1,176,726 shares during the last quarter. Letko Brosseau & Associates Inc. grew its stake in shares of Sprinklr by 63.5% during the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after acquiring an additional 827,375 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Sprinklr by 212.6% during the first quarter. Principal Financial Group Inc. now owns 690,055 shares of the company’s stock worth $8,467,000 after acquiring an additional 469,305 shares during the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wells Fargo & Company reduced their price target on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $10.00 to $7.00 in a report on Monday, October 7th. Morgan Stanley cut their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. KeyCorp lowered their target price on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Finally, DA Davidson cut their price target on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.00.

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.