Ragy Thomas Sells 1,505 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) CEO Ragy Thomas sold 1,505 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $7.49, for a total value of $11,272.45. Following the transaction, the chief executive officer now directly owns 1,047,919 shares in the company, valued at approximately $7,848,913.31. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

Sprinklr Price Performance

Sprinklr stock traded down $0.17 during midday trading on Wednesday, hitting $7.37. 1,722,930 shares of the stock were exchanged, compared to its average volume of 2,183,831. The company has a 50 day moving average price of $7.76 and a two-hundred day moving average price of $9.43. The firm has a market cap of $1.87 billion, a P/E ratio of 41.78, a P/E/G ratio of 2.10 and a beta of 0.76. Sprinklr, Inc. has a 1 year low of $6.91 and a 1 year high of $17.14.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The business had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. As a group, analysts predict that Sprinklr, Inc. will post 0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CXM. Citigroup cut their target price on Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. KeyCorp cut their target price on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research report on Thursday, September 5th. DA Davidson cut their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, Rosenblatt Securities decreased their price objective on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.00.

Institutional Trading of Sprinklr

A number of hedge funds have recently made changes to their positions in CXM. CWM LLC boosted its stake in 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 acquiring an additional 1,904 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after purchasing an additional 1,694 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Sprinklr in the 3rd quarter valued at about $105,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Sprinklr during the first quarter worth about $166,000. Finally, Simplicity Wealth LLC acquired a new position in Sprinklr in the second quarter worth about $148,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

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.