Neeraj Agrawal Sells 26,053 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) Director Neeraj Agrawal sold 26,053 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the transaction, the director now owns 968,306 shares of the company’s stock, valued at approximately $8,985,879.68. The trade was a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Sprinklr Price Performance

Shares of CXM opened at $8.85 on Thursday. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.32. The firm has a market capitalization of $2.25 billion, a PE ratio of 55.31, a PEG ratio of 2.31 and a beta of 0.80. The company’s 50-day moving average is $8.77 and its 200-day moving average is $8.27.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. Scotiabank raised their price objective on Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a report on Thursday, March 13th. Stifel Nicolaus lifted their target price on Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Cantor Fitzgerald reissued a “neutral” rating and issued a $9.00 price objective on shares of Sprinklr in a report on Thursday, December 5th. Finally, Rosenblatt Securities boosted their target price on shares of Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Sprinklr presently has a consensus rating of “Hold” and an average price target of $10.38.

Institutional Investors Weigh In On Sprinklr

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after purchasing an additional 1,928 shares during the period. Ancora Advisors LLC acquired a new stake in Sprinklr during the fourth quarter worth about $34,000. FNY Investment Advisers LLC acquired a new stake in shares of Sprinklr during the 4th quarter worth approximately $42,000. SG Americas Securities LLC acquired a new stake in shares of Sprinklr in the 4th quarter valued at $89,000. Finally, Cibc World Markets Corp bought a new position in Sprinklr in the fourth quarter valued at about $92,000. 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.