Manish Sarin Sells 22,738 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) CFO Manish Sarin sold 22,738 shares of Sprinklr stock in a transaction 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 sale, the chief financial officer now owns 748,918 shares in the company, valued at $5,864,027.94. The sale was disclosed in a document filed with the SEC, which is available through this link.

Sprinklr Stock Down 2.1 %

Shares of Sprinklr stock opened at $7.75 on Friday. Sprinklr, Inc. has a 52-week low of $7.23 and a 52-week high of $17.14. The company’s 50-day simple moving average is $8.83 and its 200-day simple moving average is $10.54. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. DA Davidson dropped their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Cantor Fitzgerald dropped their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Citigroup dropped their price objective on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Rosenblatt Securities dropped their price objective on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, June 6th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after buying an additional 3,575,001 shares in the last quarter. Cadian Capital Management LP boosted its holdings in Sprinklr by 29.9% during the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock worth $175,304,000 after buying an additional 3,355,566 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Sprinklr by 107,818.1% during the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after buying an additional 1,694,900 shares in the last quarter. Solel Partners LP boosted its holdings in Sprinklr by 46.8% during the second 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. boosted its holdings in Sprinklr by 63.5% during the second 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. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.