Morad Elhafed Sells 30,000 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) major shareholder Morad Elhafed sold 30,000 shares of the firm's stock in a transaction on Friday, January 12th. The stock was sold at an average price of $12.25, for a total value of $367,500.00. Following the completion of the transaction, the insider now directly owns 50,952 shares of the company's stock, valued at approximately $624,162. This trade represents a 37.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Sprinklr Price Performance

Shares of CXM stock traded up $0.09 during trading hours on Thursday, reaching $8.54. 953,757 shares of the company were exchanged, compared to its average volume of 2,332,565. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.31. The stock's fifty day moving average is $8.29 and its two-hundred day moving average is $8.46. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 53.38, a P/E/G ratio of 3.02 and a beta of 0.81.

Analyst Ratings Changes

CXM has been the subject of several recent research reports. Cantor Fitzgerald reissued a "neutral" rating and issued a $9.00 price target on shares of Sprinklr in a research report on Thursday, December 5th. Scotiabank raised their target price on Sprinklr from $7.70 to $8.50 and gave the stock a "sector perform" rating in a research report on Thursday, December 5th. Wells Fargo & Company cut 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 research report on Tuesday, November 12th. Morgan Stanley dropped their price objective on Sprinklr from $12.00 to $10.00 and set an "equal weight" rating for the company in a research note on Thursday, September 5th. Finally, KeyCorp lowered their target price on shares of Sprinklr from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $10.13.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Everence Capital Management Inc. acquired a new stake in shares of Sprinklr in the 3rd quarter valued at $105,000. CIBC Asset Management Inc boosted its holdings in Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company's stock valued at $120,000 after acquiring an additional 1,694 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Sprinklr in the third quarter worth about $129,000. GW Henssler & Associates Ltd. bought a new stake in Sprinklr during the 3rd quarter worth about $142,000. Finally, CWA Asset Management Group LLC acquired a new position in Sprinklr during the 3rd quarter valued at about $194,000. 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.