Ragy Thomas Sells 51,697 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM – Get Rating) CEO Ragy Thomas sold 51,697 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $10.28, for a total transaction of $531,445.16. Following the completion of the sale, the chief executive officer now directly owns 498,494 shares of the company’s stock, valued at $5,124,518.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sprinklr Stock Up 1.6 %

CXM opened at $10.49 on Friday. The business has a 50 day simple moving average of $10.11 and a two-hundred day simple moving average of $9.45. Sprinklr, Inc. has a one year low of $7.25 and a one year high of $15.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. H&F Corporate Investors IX Ltd. bought a new position in shares of Sprinklr in the 4th quarter worth approximately $88,739,000. Cadian Capital Management LP raised its position in shares of Sprinklr by 42.4% in the 3rd quarter. Cadian Capital Management LP now owns 8,539,224 shares of the company’s stock worth $78,732,000 after acquiring an additional 2,541,609 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Sprinklr by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 7,343,260 shares of the company’s stock worth $67,704,000 after acquiring an additional 759,933 shares in the last quarter. Modera Wealth Management LLC bought a new position in shares of Sprinklr in the 4th quarter worth approximately $18,277,000. Finally, TFG Asset Management GP Ltd raised its position in shares of Sprinklr by 9.9% in the 4th quarter. TFG Asset Management GP Ltd now owns 2,197,855 shares of the company’s stock worth $17,956,000 after acquiring an additional 197,855 shares in the last quarter. Institutional investors own 25.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CXM shares. Stifel Nicolaus lowered Sprinklr from a “buy” rating to a “hold” rating and lowered their target price for the company from $12.00 to $8.00 in a research note on Wednesday, December 7th. Wells Fargo & Company lowered their target price on Sprinklr from $12.00 to $9.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 7th. JMP Securities lowered their target price on Sprinklr from $22.00 to $16.00 and set a “market outperform” rating for the company in a research note on Wednesday, December 7th. Oppenheimer lowered Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 12th. Finally, Morgan Stanley lowered their target price on Sprinklr from $14.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 7th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.50.

About Sprinklr

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Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.