Insider Selling: Sprinklr, Inc. (NYSE:CXM) CFO Sells 22,738 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) CFO Manish Sarin sold 22,738 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $178,038.54. Following the completion of the transaction, the chief financial officer now directly owns 748,918 shares in the company, valued at $5,864,027.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Sprinklr Price Performance

Shares of NYSE CXM opened at $7.91 on Friday. Sprinklr, Inc. has a 1-year low of $7.23 and a 1-year high of $17.14. The business’s fifty day moving average price is $8.85 and its two-hundred day moving average price is $10.56. The firm has a market capitalization of $2.10 billion, a PE ratio of 37.67, a P/E/G ratio of 2.23 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Sea Cliff Partners Management LP bought a new position in shares of Sprinklr in the second quarter worth $866,000. The Manufacturers Life Insurance Company grew its stake in shares of Sprinklr by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock worth $627,000 after purchasing an additional 1,117 shares in the last quarter. 272 Capital LP bought a new position in shares of Sprinklr in the second quarter worth $2,352,000. Solel Partners LP grew its stake in shares of Sprinklr by 46.8% in the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after purchasing an additional 1,176,726 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp bought a new position in shares of Sprinklr in the second quarter worth $277,000. Institutional investors own 40.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. 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. Wells Fargo & Company dropped their price target on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Rosenblatt Securities dropped their price target on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Cantor Fitzgerald dropped their price target on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Sprinklr currently has a consensus rating of “Hold” and a consensus price target 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.