Sprinklr, Inc. (NYSE:CXM) CTO Sells $291,750.70 in Stock

Sprinklr, Inc. (NYSE:CXM) CTO Amitabh Misra sold 35,710 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $8.17, for a total value of $291,750.70. Following the completion of the transaction, the chief technology officer now owns 602,970 shares in the company, valued at approximately $4,926,264.90. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sprinklr Stock Performance

Shares of Sprinklr stock opened at $8.05 on Thursday. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $10.27. The stock’s 50-day simple moving average is $7.99 and its 200 day simple moving average is $8.44. The stock has a market capitalization of $2.08 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.83 and a beta of 0.81.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $201.83 million. During the same period in the previous year, the business posted $0.09 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CXM. Bank of New York Mellon Corp grew its holdings in Sprinklr by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company’s stock valued at $12,627,000 after buying an additional 11,513 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Sprinklr by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company’s stock valued at $8,917,000 after buying an additional 18,021 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Sprinklr by 41.5% during the 4th quarter. Victory Capital Management Inc. now owns 87,070 shares of the company’s stock valued at $736,000 after buying an additional 25,552 shares in the last quarter. Abbot Financial Management Inc. purchased a new position in shares of Sprinklr during the fourth quarter worth about $115,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after purchasing an additional 1,928 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CXM shares. Rosenblatt Securities restated a “buy” rating and set a $12.00 price objective on shares of Sprinklr in a research note on Thursday, June 5th. Morgan Stanley raised their price objective on Sprinklr from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Thursday, June 5th. DA Davidson raised their price objective on Sprinklr from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, June 5th. JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research note on Thursday, June 5th. Finally, Scotiabank lifted their target price on Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.25.

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.