Sprinklr, Inc. (NYSE:CXM) CFO Sells $162,000.00 in Stock

Sprinklr, Inc. (NYSE:CXM) CFO Manish Sarin sold 10,800 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $15.00, for a total transaction of $162,000.00. Following the transaction, the chief financial officer now owns 772,611 shares in the company, valued at $11,589,165. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Manish Sarin also recently made the following trade(s):

• On Wednesday, September 20th, Manish Sarin sold 20,000 shares of Sprinklr stock. The shares were sold at an average price of $14.74, for a total transaction of $294,800.00.
• On Monday, September 18th, Manish Sarin sold 18,532 shares of Sprinklr stock. The stock was sold at an average price of $14.86, for a total transaction of $275,385.52.

Sprinklr Stock Performance

Shares of CXM opened at $14.90 on Friday. The company has a 50-day simple moving average of $14.21 and a 200-day simple moving average of $13.85. The firm has a market capitalization of $4.03 billion, a P/E ratio of 496.67, a P/E/G ratio of 5.64 and a beta of 0.93. Sprinklr, Inc. has a 52 week low of $7.25 and a 52 week high of $16.68.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.04 EPS for the quarter. The business had revenue of $178.47 million during the quarter, compared to analyst estimates of $173.20 million. Sprinklr had a net margin of 1.00% and a return on equity of 1.25%. As a group, equities analysts forecast that Sprinklr, Inc. will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CXM. Cadian Capital Management LP raised its position in Sprinklr by 14.7% in the third quarter. Cadian Capital Management LP now owns 11,204,601 shares of the company’s stock worth $155,072,000 after purchasing an additional 1,434,907 shares in the last quarter. Vanguard Group Inc. raised its position in Sprinklr by 11.5% in the third quarter. Vanguard Group Inc. now owns 7,343,260 shares of the company’s stock worth $67,704,000 after purchasing an additional 759,933 shares in the last quarter. Sixth Street Partners Management Company L.P. acquired a new position in Sprinklr in the second quarter worth about $94,980,000. BlackRock Inc. raised its position in Sprinklr by 302.9% in the second quarter. BlackRock Inc. now owns 6,344,527 shares of the company’s stock worth $87,745,000 after purchasing an additional 4,769,625 shares in the last quarter. Finally, Praesidium Investment Management Company LLC raised its position in Sprinklr by 31.4% in the second quarter. Praesidium Investment Management Company LLC now owns 4,728,006 shares of the company’s stock worth $65,388,000 after purchasing an additional 1,129,318 shares in the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

CXM has been the subject of a number of recent research reports. DA Davidson upped their price objective on shares of Sprinklr from $17.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, September 7th. Stifel Nicolaus upped their price objective on shares of Sprinklr from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. JMP Securities reiterated a “market outperform” rating and issued a $24.00 price objective on shares of Sprinklr in a report on Monday, September 18th. Citigroup upped their price objective on shares of Sprinklr from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, September 7th. Finally, William Blair reiterated an “outperform” rating on shares of Sprinklr in a report on Thursday, September 7th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.35.

Sprinklr Company Profile

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.