Ragy Thomas Sells 1,506 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) Director Ragy Thomas sold 1,506 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $7.72, for a total transaction of $11,626.32. Following the completion of the sale, the director now directly owns 950,334 shares in the company, valued at approximately $7,336,578.48. This trade represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Sprinklr Stock Performance

Sprinklr stock opened at $7.75 on Friday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 48.44, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $12.86. The firm’s 50 day moving average price is $8.05 and its two-hundred day moving average price is $8.30.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds have recently modified their holdings of CXM. Jefferies Financial Group Inc. increased its stake in Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock worth $49,073,000 after purchasing an additional 2,851,106 shares in the last quarter. Deutsche Bank AG increased its position in shares of Sprinklr by 2.7% in the fourth quarter. Deutsche Bank AG now owns 2,792,583 shares of the company’s stock worth $23,597,000 after acquiring an additional 73,405 shares in the last quarter. Norges Bank acquired a new stake in shares of Sprinklr during the fourth quarter valued at approximately $16,477,000. Federated Hermes Inc. raised its holdings in shares of Sprinklr by 1.6% during the fourth quarter. Federated Hermes Inc. now owns 1,728,384 shares of the company’s stock valued at $14,605,000 after acquiring an additional 27,694 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Sprinklr by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,560,184 shares of the company’s stock valued at $13,028,000 after acquiring an additional 65,897 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on CXM. Wells Fargo & Company dropped their price target on shares of Sprinklr from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley cut their target price on Sprinklr from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Scotiabank increased their price target on Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 13th. Rosenblatt Securities lifted their price objective on shares of Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Two equities research 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. According to data from MarketBeat.com, Sprinklr presently has an average rating of “Hold” and a consensus target price of $10.00.

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.