Insider Selling: Sprinklr, Inc. (NYSE:CXM) Director Sells $23,940,000.00 in Stock

Sprinklr, Inc. (NYSE:CXM) Director Ragy Thomas sold 3,000,000 shares of Sprinklr stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $7.98, for a total value of $23,940,000.00. Following the completion of the sale, the director directly owned 766,217 shares in the company, valued at approximately $6,114,411.66. The trade was a 79.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, June 18th, Ragy Thomas sold 3,000,000 shares of Sprinklr stock. The shares were sold at an average price of $7.94, for a total value of $23,820,000.00.
• On Monday, June 16th, Ragy Thomas sold 32,768 shares of Sprinklr stock. The stock was sold at an average price of $8.17, for a total transaction of $267,714.56.
• On Tuesday, April 29th, Ragy Thomas sold 1,506 shares of Sprinklr stock. The shares were sold at an average price of $7.72, for a total transaction of $11,626.32.

Sprinklr Stock Down 0.7%

CXM opened at $8.60 on Thursday. The business has a fifty day moving average of $8.22 and a 200 day moving average of $8.41. The stock has a market cap of $2.23 billion, a P/E ratio of 20.98, a PEG ratio of 1.91 and a beta of 0.80. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $10.27.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $205.50 million during the quarter, compared to the consensus estimate of $201.83 million. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. Equities analysts anticipate that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CXM. Rosenblatt Securities restated a “buy” rating and set a $12.00 target price on shares of Sprinklr in a research report on Thursday, June 5th. Scotiabank upped their price objective on Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research report on Thursday, March 13th. 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. Wells Fargo & Company boosted their target price on Sprinklr from $6.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, June 5th. Finally, Morgan Stanley increased their price target on Sprinklr from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued 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 $10.25.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CXM. GAMMA Investing LLC grew its stake in Sprinklr by 209.5% in the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock worth $31,000 after acquiring an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after purchasing an additional 1,928 shares during the period. Ancora Advisors LLC bought a new position in Sprinklr in the fourth quarter worth approximately $34,000. Quarry LP increased its holdings in Sprinklr by 5,071.8% during the 1st quarter. Quarry LP now owns 7,706 shares of the company’s stock worth $64,000 after purchasing an additional 7,557 shares during the period. Finally, Cibc World Markets Corp purchased a new position in Sprinklr during the 4th quarter worth $92,000. Institutional investors own 40.19% of the company’s stock.

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.