Insider Selling: Sprinklr, Inc. (NYSE:CXM) Director Sells 1,279 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) Director Ragy Thomas sold 1,279 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $9.17, for a total value of $11,728.43. Following the completion of the sale, the director now directly owns 1,032,532 shares in the company, valued at $9,468,318.44. This represents a 0.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Sprinklr Trading Down 2.8 %

Shares of CXM stock traded down $0.26 during mid-day trading on Thursday, reaching $8.87. The stock had a trading volume of 1,163,110 shares, compared to its average volume of 1,426,979. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $14.31. The business has a 50-day simple moving average of $8.70 and a 200 day simple moving average of $8.36. The company has a market cap of $2.26 billion, a P/E ratio of 55.41, a price-to-earnings-growth ratio of 2.89 and a beta of 0.78.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Cantor Fitzgerald restated a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a research note on Thursday, December 5th. Stifel Nicolaus raised their target price on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Wells Fargo & Company downgraded shares of Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.50 price objective on shares of Sprinklr in a report on Thursday, December 5th. Finally, DA Davidson increased their target price on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.13.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CXM. JPMorgan Chase & Co. boosted its stake in Sprinklr by 224.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock worth $4,860,000 after buying an additional 434,920 shares during the last quarter. State Street Corp increased its holdings in shares of Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after buying an additional 322,318 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Sprinklr by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after buying an additional 295,638 shares during the period. Cerity Partners LLC raised its stake in shares of Sprinklr by 33.0% in the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after acquiring an additional 246,095 shares during the period. Finally, Verition Fund Management LLC grew its stake in shares of Sprinklr by 742.9% in the third quarter. Verition Fund Management LLC now owns 234,327 shares of the company’s stock valued at $1,811,000 after buying an additional 206,526 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.