Manish Sarin Sells 22,738 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) CFO Manish Sarin sold 22,738 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $178,038.54. Following the completion of the sale, the chief financial officer now owns 748,918 shares in the company, valued at $5,864,027.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sprinklr Stock Up 1.3 %

NYSE CXM opened at $7.91 on Friday. The stock has a market cap of $2.10 billion, a PE ratio of 37.67, a P/E/G ratio of 2.23 and a beta of 0.78. Sprinklr, Inc. has a fifty-two week low of $7.23 and a fifty-two week high of $17.14. The business has a 50 day moving average price of $8.85 and a two-hundred day moving average price of $10.56.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently bought and sold shares of CXM. Victory Capital Management Inc. boosted its holdings in Sprinklr by 31.4% in the 4th quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock worth $167,000 after acquiring an additional 3,322 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Sprinklr by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock worth $10,905,000 after acquiring an additional 27,652 shares during the period. Jump Financial LLC raised its position in shares of Sprinklr by 5.0% in the 4th quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock valued at $478,000 after purchasing an additional 1,875 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Sprinklr in the 4th quarter valued at approximately $161,000. Finally, Quest Partners LLC acquired a new position in shares of Sprinklr in the 4th quarter valued at approximately $115,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

CXM has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price objective on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Rosenblatt Securities lowered their price target on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Morgan Stanley lowered their price target on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. KeyCorp lowered their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Finally, Wells Fargo & Company lowered their price target on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.30.

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.