Sprinklr, Inc. (NYSE:CXM) Insider Sells $192,798.00 in Stock

Sprinklr, Inc. (NYSE:CXM) insider Scott Michael Harvey sold 21,422 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $9.00, for a total value of $192,798.00. Following the transaction, the insider owned 681,910 shares of the company’s stock, valued at $6,137,190. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Scott Michael Harvey also recently made the following trade(s):

• On Thursday, June 26th, Scott Michael Harvey sold 121,057 shares of Sprinklr stock. The stock was sold at an average price of $8.32, for a total value of $1,007,194.24.
• On Monday, June 16th, Scott Michael Harvey sold 13,964 shares of Sprinklr stock. The stock was sold at an average price of $8.17, for a total value of $114,085.88.

Sprinklr Stock Performance

Shares of Sprinklr stock opened at $8.55 on Friday. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $9.93. The stock has a 50 day moving average price of $8.38 and a two-hundred day moving average price of $8.39. The stock has a market capitalization of $2.21 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.99 and a beta of 0.80.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $205.50 million for the quarter, compared to analysts’ expectations of $201.83 million. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%. Sprinklr’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Research analysts forecast that Sprinklr, Inc. will post 0.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of Sprinklr by 34.2% during the fourth quarter. Bank of America Corp DE now owns 883,398 shares of the company’s stock valued at $7,465,000 after buying an additional 224,886 shares during the last quarter. Northern Trust Corp boosted its position in shares of Sprinklr by 3.3% during the fourth quarter. Northern Trust Corp now owns 1,232,711 shares of the company’s stock valued at $10,416,000 after buying an additional 38,895 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Sprinklr during the fourth quarter valued at approximately $424,000. Jefferies Financial Group Inc. boosted its position in Sprinklr by 96.4% in the fourth 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 during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Sprinklr by 139.6% in the fourth quarter. Nuveen Asset Management LLC now owns 691,277 shares of the company’s stock worth $5,841,000 after purchasing an additional 402,761 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

CXM has been the subject of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Friday, June 27th. Cantor Fitzgerald initiated coverage on Sprinklr in a report on Tuesday, June 3rd. They issued a “neutral” rating and a $8.00 target price for the company. Wells Fargo & Company lifted their target price on Sprinklr from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, June 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $12.00 target price on shares of Sprinklr in a report on Thursday, June 5th. Finally, Morgan Stanley lifted their target price on Sprinklr from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Thursday, June 5th. Two research 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 stock currently has a consensus rating of “Hold” and a consensus price target of $10.25.

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.