Insider Selling: Sprinklr, Inc. (NYSE:CXM) Director Sells 1,279 Shares of Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Ragy Thomas sold 1,279 shares of the stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $9.17, for a total value of $11,728.43. Following the sale, the director now owns 1,032,532 shares of the company's stock, valued at $9,468,318.44. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Sprinklr Price Performance

Shares of CXM traded down $0.09 on Monday, reaching $8.83. 1,283,264 shares of the stock traded hands, compared to its average volume of 1,409,808. The stock's 50-day moving average price is $8.74 and its 200-day moving average price is $8.35. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 55.16, a P/E/G ratio of 2.97 and a beta of 0.79. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $14.31.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays upped their price target on Sprinklr from $7.00 to $9.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. Wells Fargo & Company downgraded Sprinklr from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. JMP Securities restated a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Monday, December 16th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. Finally, Stifel Nicolaus boosted their target price on shares of Sprinklr from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sprinklr presently has a consensus rating of "Hold" and an average price target of $10.13.

Institutional Investors Weigh In On Sprinklr

Several institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in shares of Sprinklr by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company's stock valued at $627,000 after acquiring an additional 1,117 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Sprinklr during the fourth quarter valued at approximately $42,000. Entropy Technologies LP boosted its holdings in Sprinklr by 18.2% during the third quarter. Entropy Technologies LP now owns 46,088 shares of the company's stock valued at $356,000 after purchasing an additional 7,095 shares in the last quarter. Sei Investments Co. grew its stake in shares of Sprinklr by 4.1% in the 2nd quarter. Sei Investments Co. now owns 192,815 shares of the company's stock valued at $1,855,000 after purchasing an additional 7,682 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in shares of Sprinklr by 41.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company's stock worth $209,000 after buying an additional 8,000 shares in the last quarter. 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.