Insider Selling: Sprinklr, Inc. (NYSE:CXM) Director Sells 1,279 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) Director Ragy Thomas sold 1,279 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $9.17, for a total transaction of $11,728.43. Following the completion of the transaction, the director now directly owns 1,032,532 shares of the company’s stock, valued at $9,468,318.44. This represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sprinklr Stock Performance

CXM opened at $8.90 on Friday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 55.63, a price-to-earnings-growth ratio of 3.04 and a beta of 0.78. Sprinklr, Inc. has a one year low of $6.91 and a one year high of $14.31. The business’s 50-day simple moving average is $8.73 and its 200-day simple moving average is $8.37.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CXM. FNY Investment Advisers LLC purchased a new position in shares of Sprinklr during the fourth quarter worth approximately $42,000. SG Americas Securities LLC purchased a new position in Sprinklr during the 4th quarter worth $89,000. Everence Capital Management Inc. acquired a new position in Sprinklr in the third quarter valued at $105,000. GSA Capital Partners LLP purchased a new stake in shares of Sprinklr in the third quarter valued at about $129,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in shares of Sprinklr during the third quarter worth about $142,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

CXM has been the topic of several recent research reports. Cantor Fitzgerald restated a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a report on Thursday, December 5th. Rosenblatt Securities restated a “buy” rating and set a $10.50 target price on shares of Sprinklr in a research note on Thursday, December 5th. Stifel Nicolaus lifted their price target on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.00 price objective on shares of Sprinklr in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sprinklr has a consensus rating of “Hold” and an average price target of $10.13.

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.