Insider Selling: Sprinklr, Inc. (NYSE:CXM) Major Shareholder Sells $367,500.00 in Stock

Sprinklr, Inc. (NYSE:CXM) major shareholder Morad Elhafed sold 30,000 shares of Sprinklr stock in a transaction on Friday, January 12th. The shares were sold at an average price of $12.25, for a total transaction of $367,500.00. Following the completion of the transaction, the insider now directly owns 50,952 shares of the company’s stock, valued at $624,162. The trade was a 37.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Sprinklr Trading Up 2.8 %

Shares of NYSE CXM opened at $8.78 on Friday. The stock has a market cap of $2.23 billion, a PE ratio of 54.88, a P/E/G ratio of 3.02 and a beta of 0.81. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $14.31. The company has a 50-day moving average of $8.35 and a 200 day moving average of $8.45.

Analysts Set New Price Targets

CXM has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price target on Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Barclays boosted their price objective on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.00 target price on shares of Sprinklr in a research report on Wednesday, December 11th. Scotiabank boosted their price target on shares of Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company downgraded shares of Sprinklr from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr presently has an average rating of “Hold” and an average target price of $10.13.

Institutional Investors Weigh In On Sprinklr

A number of large investors have recently made changes to their positions in the stock. Weiss Asset Management LP purchased a new stake in Sprinklr in the 3rd quarter valued at $806,000. Geode Capital Management LLC boosted its position in shares of Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after acquiring an additional 295,638 shares during the last quarter. Barclays PLC grew its holdings in shares of Sprinklr by 283.7% in the third quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after purchasing an additional 179,661 shares during the period. Cerity Partners LLC increased its position in Sprinklr by 33.0% during the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock worth $7,664,000 after purchasing an additional 246,095 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in Sprinklr during the third quarter worth about $597,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

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.