Neeraj Agrawal Sells 378,940 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) Director Neeraj Agrawal sold 378,940 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $8.76, for a total transaction of $3,319,514.40. Following the transaction, the director now owns 321,304 shares in the company, valued at $2,814,623.04. The trade was a 54.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Neeraj Agrawal also recently made the following trade(s):

• On Tuesday, June 10th, Neeraj Agrawal sold 121,060 shares of Sprinklr stock. The stock was sold at an average price of $8.74, for a total transaction of $1,058,064.40.
• On Friday, March 14th, Neeraj Agrawal sold 26,053 shares of Sprinklr stock. The stock was sold at an average price of $9.28, for a total value of $241,771.84.

Sprinklr Stock Performance

Shares of NYSE CXM opened at $8.56 on Thursday. The stock’s 50-day simple moving average is $7.92 and its 200-day simple moving average is $8.45. The firm has a market capitalization of $2.19 billion, a PE ratio of 53.47, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81. Sprinklr, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $10.27.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Sprinklr had a net margin of 5.59% and a return on equity of 7.84%. The company had revenue of $205.50 million for the quarter, compared to analysts’ expectations of $201.83 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts forecast that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Institutional Trading of Sprinklr

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Sprinklr by 8.5% in the first quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company’s stock valued at $121,065,000 after buying an additional 1,138,542 shares during the last quarter. Jefferies Financial Group Inc. increased its holdings in shares of Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock valued at $49,073,000 after acquiring an additional 2,851,106 shares during the period. Deutsche Bank AG increased its holdings in shares of Sprinklr by 2.7% in the 4th quarter. Deutsche Bank AG now owns 2,792,583 shares of the company’s stock valued at $23,597,000 after acquiring an additional 73,405 shares during the period. Norges Bank purchased a new stake in Sprinklr in the 4th quarter valued at $16,477,000. Finally, Letko Brosseau & Associates Inc. boosted its stake in Sprinklr by 1.0% during the 1st quarter. Letko Brosseau & Associates Inc. now owns 1,748,875 shares of the company’s stock worth $14,603,000 after purchasing an additional 17,275 shares during the period. 40.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CXM has been the topic of several research analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $12.00 target price on shares of Sprinklr in a research report on Thursday, June 5th. DA Davidson lifted their price target on Sprinklr from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, June 5th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Thursday, June 5th. Cantor Fitzgerald initiated coverage on shares of Sprinklr in a research note on Tuesday, June 3rd. They set a “neutral” rating and a $8.00 target price for the company. Finally, Scotiabank boosted their price target on shares of Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.