Insider Selling: Sprinklr, Inc. (NYSE:CXM) CEO Sells 1,128 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) CEO Ragy Thomas sold 1,128 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $12.02, for a total transaction of $13,558.56. Following the completion of the sale, the chief executive officer now owns 1,075,279 shares in the company, valued at $12,924,853.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, March 18th, Ragy Thomas sold 11,742 shares of Sprinklr stock. The stock was sold at an average price of $13.03, for a total transaction of $152,998.26.

Sprinklr Stock Performance

Shares of CXM traded down $0.34 during trading hours on Tuesday, hitting $11.69. The stock had a trading volume of 1,314,468 shares, compared to its average volume of 2,621,063. The firm has a market cap of $3.19 billion, a P/E ratio of 66.89, a P/E/G ratio of 2.29 and a beta of 0.87. The company’s fifty day simple moving average is $12.54 and its 200 day simple moving average is $12.95. Sprinklr, Inc. has a 12-month low of $10.93 and a 12-month high of $17.14.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $194.21 million during the quarter, compared to analysts’ expectations of $188.50 million. Sprinklr had a return on equity of 8.15% and a net margin of 7.02%. As a group, sell-side analysts predict that Sprinklr, Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sprinklr

Hedge funds have recently made changes to their positions in the business. AE Wealth Management LLC purchased a new stake in Sprinklr during the 3rd quarter worth $506,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Sprinklr during the third quarter worth about $187,000. Bank of New York Mellon Corp boosted its holdings in Sprinklr by 228.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company’s stock worth $14,104,000 after acquiring an additional 708,655 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sprinklr by 29.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,351 shares of the company’s stock valued at $295,000 after purchasing an additional 4,869 shares during the period. Finally, BluePath Capital Management LLC acquired a new stake in shares of Sprinklr during the third quarter valued at about $30,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. William Blair reissued an “outperform” rating on shares of Sprinklr in a report on Monday, April 22nd. DA Davidson reaffirmed a “buy” rating and set a $16.00 price objective on shares of Sprinklr in a research note on Monday, April 1st. KeyCorp initiated coverage on shares of Sprinklr in a research report on Thursday, March 21st. They set an “overweight” rating and a $19.00 target price on the stock. Finally, Oppenheimer reissued a “market perform” rating on shares of Sprinklr in a research note on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Sprinklr currently has a consensus rating of “Moderate Buy” and an average price target of $16.90.

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.