Sprinklr, Inc. (NYSE:CXM) Director Sells $11,728.43 in Stock

Sprinklr, Inc. (NYSE:CXM) Director Ragy Thomas sold 1,279 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $9.17, for a total value of $11,728.43. Following the completion of the transaction, the director now owns 1,032,532 shares in the company, valued at $9,468,318.44. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sprinklr Price Performance

Shares of Sprinklr stock opened at $8.87 on Friday. The business has a 50 day moving average price of $8.72 and a 200 day moving average price of $8.37. The company has a market capitalization of $2.26 billion, a P/E ratio of 55.41, a P/E/G ratio of 2.89 and a beta of 0.78. Sprinklr, Inc. has a 1 year low of $6.91 and a 1 year high of $14.31.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CXM. Cantor Fitzgerald reissued a “neutral” rating and issued a $9.00 target price on shares of Sprinklr in a report on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Monday, December 16th. DA Davidson raised their target price on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. 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 research note on Thursday, December 5th. Finally, Barclays raised their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Sprinklr currently has an average rating of “Hold” and a consensus target price of $10.13.

Hedge Funds Weigh In On Sprinklr

Several institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC purchased a new stake in Sprinklr in the 4th quarter valued at about $42,000. SG Americas Securities LLC acquired a new stake in shares of Sprinklr in the fourth quarter worth approximately $89,000. Everence Capital Management Inc. purchased a new stake in Sprinklr in the third quarter valued at approximately $105,000. GSA Capital Partners LLP acquired a new position in Sprinklr during the third quarter worth approximately $129,000. Finally, GW Henssler & Associates Ltd. acquired a new position in Sprinklr during the third quarter worth approximately $142,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.