Insider Selling: Sprinklr, Inc. (NYSE:CXM) Director Sells 26,053 Shares of Stock

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Neeraj Agrawal sold 26,053 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.28, for a total transaction of $241,771.84. Following the sale, the director now directly owns 968,306 shares of the company's stock, valued at $8,985,879.68. This represents a 2.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Sprinklr Trading Down 2.4 %

NYSE:CXM traded down $0.22 during trading hours on Friday, hitting $8.63. 3,298,235 shares of the company were exchanged, compared to its average volume of 1,938,336. The company has a fifty day simple moving average of $8.78 and a 200 day simple moving average of $8.27. Sprinklr, Inc. has a one year low of $6.91 and a one year high of $14.32. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 53.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80.

Institutional Investors Weigh In On Sprinklr

Several institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new position in shares of Sprinklr during the 3rd quarter worth approximately $129,000. Victory Capital Management Inc. boosted its stake in Sprinklr by 17.0% during the third quarter. Victory Capital Management Inc. now owns 61,518 shares of the company's stock worth $476,000 after acquiring an additional 8,928 shares in the last quarter. Quest Partners LLC boosted its stake in Sprinklr by 103.5% during the third quarter. Quest Partners LLC now owns 44,441 shares of the company's stock worth $344,000 after acquiring an additional 22,601 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Sprinklr in the third quarter worth $231,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Sprinklr by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,037,271 shares of the company's stock valued at $8,018,000 after purchasing an additional 97,066 shares in the last quarter. Institutional investors own 40.19% of the company's stock.

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Wall Street Analyst Weigh In

CXM has been the subject of several recent analyst reports. DA Davidson upped their target price on Sprinklr from $8.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. William Blair lowered Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Barclays boosted their target price on Sprinklr from $7.00 to $9.00 and gave the stock an "underweight" rating in a research note on Thursday, December 5th. Morgan Stanley raised their price target on shares of Sprinklr from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Thursday, March 13th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $9.00 price objective on shares of Sprinklr in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $10.38.

About Sprinklr

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.