Insider Selling: Sprinklr, Inc. (NYSE:CXM) CFO Sells $178,038.54 in Stock

Sprinklr, Inc. (NYSE:CXM) CFO Manish Sarin sold 22,738 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $178,038.54. Following the transaction, the chief financial officer now directly owns 748,918 shares of the company’s stock, valued at approximately $5,864,027.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sprinklr Trading Down 2.1 %

Sprinklr stock opened at $7.75 on Friday. The stock has a market cap of $2.05 billion, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78. The company has a fifty day simple moving average of $8.83 and a 200-day simple moving average of $10.54. Sprinklr, Inc. has a 12-month low of $7.23 and a 12-month high of $17.14.

Institutional Investors Weigh In On Sprinklr

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Sprinklr by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock worth $627,000 after purchasing an additional 1,117 shares during the last quarter. CIBC Asset Management Inc raised its stake in Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after acquiring an additional 1,694 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Sprinklr by 2.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after acquiring an additional 1,700 shares in the last quarter. Jump Financial LLC raised its stake in Sprinklr by 5.0% during the 4th quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock worth $478,000 after acquiring an additional 1,875 shares in the last quarter. Finally, CWM LLC raised its stake in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after acquiring an additional 1,904 shares in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald lowered their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research report on Thursday, September 5th. Rosenblatt Securities lowered their price objective on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Stifel Nicolaus decreased their price target on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Finally, Morgan Stanley decreased their price target on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.30.

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.