Sprinklr, Inc. (NYSE:CXM) CEO Sells $11,272.45 in Stock

Sprinklr, Inc. (NYSE:CXM) CEO Ragy Thomas sold 1,505 shares of Sprinklr stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $7.49, for a total value of $11,272.45. Following the sale, the chief executive officer now owns 1,047,919 shares in the company, valued at $7,848,913.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ragy Thomas also recently made the following trade(s):

• On Monday, September 16th, Ragy Thomas sold 12,902 shares of Sprinklr stock. The shares were sold at an average price of $7.83, for a total value of $101,022.66.

Sprinklr Price Performance

Shares of NYSE:CXM opened at $7.54 on Friday. Sprinklr, Inc. has a 1 year low of $6.91 and a 1 year high of $17.14. The company has a market cap of $1.91 billion, a P/E ratio of 41.89, a PEG ratio of 2.20 and a beta of 0.76. The stock’s fifty day moving average price is $7.67 and its 200-day moving average price is $9.37.

Sprinklr (NYSE:CXM) last posted its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The business had revenue of $197.21 million for the quarter, compared to analysts’ expectations of $194.58 million. On average, sell-side analysts anticipate that Sprinklr, Inc. will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On Sprinklr

A number of large investors have recently added to or reduced their stakes in CXM. CWM LLC lifted its holdings in shares of Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after buying an additional 1,904 shares during the period. Everence Capital Management Inc. bought a new position in Sprinklr in the third quarter valued at about $105,000. CIBC Asset Management Inc lifted its holdings in Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after acquiring an additional 1,694 shares during the period. GW Henssler & Associates Ltd. purchased a new position in Sprinklr in the third quarter worth about $142,000. Finally, Simplicity Wealth LLC bought a new stake in shares of Sprinklr during the 2nd quarter valued at about $148,000. Institutional investors own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CXM. Barclays lowered shares of Sprinklr from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $10.00 to $7.00 in a research note on Monday, October 7th. KeyCorp lowered their target price on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. DA Davidson dropped their price target on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald reduced their price objective on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Morgan Stanley dropped their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Sprinklr has a consensus rating of “Hold” and an average target price of $10.00.

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.