Arun Pattabhiraman Sells 10,291 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) CMO Arun Pattabhiraman sold 10,291 shares of Sprinklr stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the transaction, the chief marketing officer now owns 448,947 shares in the company, valued at $3,515,255.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Sprinklr Trading Up 1.3 %

NYSE CXM opened at $7.91 on Friday. The company has a market cap of $2.10 billion, a PE ratio of 37.67, a PEG ratio of 2.23 and a beta of 0.78. Sprinklr, Inc. has a 12 month low of $7.23 and a 12 month high of $17.14. The stock has a 50 day moving average of $8.85 and a 200-day moving average of $10.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. RK Capital Management LLC lifted its stake in Sprinklr by 29.0% in the 4th quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock valued at $6,190,000 after purchasing an additional 115,600 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Sprinklr by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock valued at $10,905,000 after buying an additional 27,652 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Sprinklr during the 1st quarter worth approximately $883,000. Victory Capital Management Inc. increased its holdings in shares of Sprinklr by 31.4% during 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 last quarter. Finally, D.A. Davidson & CO. bought a new stake in Sprinklr in the 4th quarter valued at $161,000. Institutional investors own 40.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. DA Davidson cut their price target on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company reduced their target price on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Barclays dropped their price target on Sprinklr from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Rosenblatt Securities reduced their price objective on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. 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 research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Sprinklr currently has an average rating of “Hold” and an average 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.