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

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

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

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

Sprinklr Stock Performance

Sprinklr stock opened at $7.38 on Thursday. Sprinklr, Inc. has a one year low of $6.91 and a one year high of $17.14. The company has a market cap of $1.87 billion, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76. The business has a fifty day moving average of $7.73 and a two-hundred day moving average of $9.41.

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

Institutional Trading of Sprinklr

A number of institutional investors have recently bought and sold shares of CXM. Vanguard Group Inc. raised its stake in shares of Sprinklr by 30.6% during the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after buying an additional 3,575,001 shares during the last quarter. Solel Partners LP raised its position in Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after acquiring an additional 1,176,726 shares during the last quarter. Letko Brosseau & Associates Inc. lifted its holdings in shares of Sprinklr by 63.5% in the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after purchasing an additional 827,375 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock valued at $16,320,000 after purchasing an additional 1,694,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Sprinklr by 25.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 889,269 shares of the company’s stock valued at $8,555,000 after purchasing an additional 178,437 shares during the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley reduced their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a report 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 note on Tuesday, September 3rd. JMP Securities restated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Thursday, September 5th. Barclays downgraded shares of Sprinklr from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $10.00 to $7.00 in a research report on Monday, October 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr has a consensus rating of “Hold” and an average target price of $10.00.

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.