Jacob Scott Sells 2,963 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) General Counsel Jacob Scott sold 2,963 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $23,200.29. Following the transaction, the general counsel now directly owns 355,190 shares of the company’s stock, valued at $2,781,137.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sprinklr Stock Performance

Shares of CXM stock opened at $7.75 on Friday. The stock’s fifty day moving average is $8.83 and its 200-day moving average is $10.54. Sprinklr, Inc. has a 52 week low of $7.23 and a 52 week high of $17.14. The stock has a market capitalization of $2.05 billion, a PE ratio of 36.88, a PEG ratio of 2.23 and a beta of 0.78.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CXM. KeyCorp dropped their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. DA Davidson dropped their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Wells Fargo & Company cut their target price on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Morgan Stanley lowered their price target on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research note on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Sprinklr currently has an average rating of “Hold” and an average price target of $10.30.

Institutional Investors Weigh In On Sprinklr

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Sprinklr by 30.6% in the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after acquiring an additional 3,575,001 shares during the last quarter. Cadian Capital Management LP increased its holdings in shares of Sprinklr by 29.9% in the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after purchasing an additional 3,355,566 shares in the last quarter. Federated Hermes Inc. raised its position in Sprinklr by 107,818.1% in the 2nd quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after purchasing an additional 1,694,900 shares during the last quarter. Solel Partners LP lifted its holdings in Sprinklr by 46.8% during the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after buying an additional 1,176,726 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. lifted its holdings in Sprinklr by 63.5% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after buying an additional 827,375 shares in the last quarter. Institutional investors own 40.19% of the company’s stock.

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.