Insider Selling: Sprinklr, Inc. (NYSE:CXM) Director Sells 26,053 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the sale, the director now owns 968,306 shares in the company, valued at $8,985,879.68. The trade was a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sprinklr Trading Up 1.7 %

Shares of Sprinklr stock opened at $8.79 on Wednesday. The company’s 50-day moving average price is $8.76 and its 200-day moving average price is $8.27. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 54.91, a PEG ratio of 2.31 and a beta of 0.80. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $14.32.

Wall Street Analyst Weigh In

Several brokerages have commented on CXM. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.00 price objective on shares of Sprinklr in a research report on Wednesday, December 11th. Scotiabank lifted their price target on shares of Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a report on Thursday, March 13th. Morgan Stanley increased their price objective on Sprinklr from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, March 13th. Barclays boosted their target price on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Stifel Nicolaus lifted their price objective on Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.38.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CXM. Jefferies Financial Group Inc. raised its position in shares of Sprinklr by 96.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock worth $49,073,000 after buying an additional 2,851,106 shares in the last quarter. State Street Corp increased its stake in Sprinklr by 7.2% in the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after acquiring an additional 322,318 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Sprinklr by 2.7% in the 4th quarter. Deutsche Bank AG now owns 2,792,583 shares of the company’s stock valued at $23,597,000 after acquiring an additional 73,405 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after acquiring an additional 295,638 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Sprinklr during the fourth quarter worth about $16,477,000. 40.19% of the stock is owned by institutional investors.

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.