Sprinklr, Inc. (NYSE:CXM) Insider Joy Corso Sells 14,354 Shares

Sprinklr, Inc. (NYSE:CXM) insider Joy Corso sold 14,354 shares of the business’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $8.17, for a total value of $117,272.18. Following the completion of the transaction, the insider now directly owns 803,394 shares in the company, valued at $6,563,728.98. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sprinklr Price Performance

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

Sprinklr (NYSE:CXM) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 EPS for the quarter, topping 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 firm had revenue of $205.50 million during the quarter, compared to analyst estimates of $201.83 million. During the same period in the previous year, the company posted $0.09 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts expect that Sprinklr, Inc. will post 0.1 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. DA Davidson increased their price target on Sprinklr from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, June 5th. Cantor Fitzgerald began coverage on shares of Sprinklr in a research note on Tuesday, June 3rd. They set a “neutral” rating and a $8.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Sprinklr from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, June 5th. Morgan Stanley increased their price objective on shares of Sprinklr from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 5th. Finally, Scotiabank boosted their target price on Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research report on Thursday, March 13th. Two 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.25.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently bought and sold shares of CXM. Bank of America Corp DE boosted its holdings in Sprinklr by 34.2% during the 4th quarter. Bank of America Corp DE now owns 883,398 shares of the company’s stock worth $7,465,000 after acquiring an additional 224,886 shares during the last quarter. Ceera Investments LLC lifted its position in shares of Sprinklr by 61.4% during the fourth quarter. Ceera Investments LLC now owns 182,105 shares of the company’s stock valued at $1,539,000 after purchasing an additional 69,290 shares in the last quarter. Northern Trust Corp boosted its holdings in Sprinklr by 3.3% during the fourth quarter. Northern Trust Corp now owns 1,232,711 shares of the company’s stock worth $10,416,000 after purchasing an additional 38,895 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Sprinklr in the 4th quarter worth about $424,000. Finally, Jefferies Financial Group Inc. grew its position 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. 40.19% of the stock is owned by hedge funds and other 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.