Sprinklr, Inc. (NYSE:CXM) CEO Ragy Thomas Sells 1,505 Shares

Sprinklr, Inc. (NYSE:CXM) CEO Ragy Thomas sold 1,505 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $7.49, for a total transaction of $11,272.45. Following the sale, the chief executive officer now directly owns 1,047,919 shares of the company’s stock, valued at approximately $7,848,913.31. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ragy Thomas also recently made the following trade(s):

• On Monday, September 16th, Ragy Thomas sold 12,902 shares of Sprinklr stock. The shares were sold at an average price of $7.83, for a total value of $101,022.66.

Sprinklr Stock Up 1.5 %

Shares of Sprinklr stock opened at $7.54 on Friday. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $17.14. The business has a 50-day moving average price of $7.67 and a 200-day moving average price of $9.37. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 41.89, a PEG ratio of 2.20 and a beta of 0.76.

Sprinklr (NYSE:CXM) last released its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. On average, equities analysts expect that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Sprinklr

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after acquiring an additional 3,575,001 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Sprinklr by 107,818.1% during the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock valued at $16,320,000 after buying an additional 1,694,900 shares during the period. Solel Partners LP grew its stake in shares of Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after buying an additional 1,176,726 shares during the last quarter. Letko Brosseau & Associates Inc. grew its stake in shares of Sprinklr by 63.5% during the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after buying an additional 827,375 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Sprinklr by 212.6% in the first quarter. Principal Financial Group Inc. now owns 690,055 shares of the company’s stock worth $8,467,000 after buying an additional 469,305 shares during the period. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CXM has been the topic of several recent research reports. KeyCorp decreased their price objective on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. DA Davidson lowered their price target on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Rosenblatt Securities dropped their price target 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. Cantor Fitzgerald decreased their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, Morgan Stanley dropped their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.00.

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.