Ragy Thomas Sells 1,279 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) Director Ragy Thomas sold 1,279 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $9.17, for a total transaction of $11,728.43. Following the sale, the director now directly owns 1,032,532 shares in the company, valued at $9,468,318.44. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Sprinklr Stock Performance

NYSE CXM traded down $0.26 on Thursday, reaching $8.87. The company’s stock had a trading volume of 1,163,110 shares, compared to its average volume of 1,426,979. The firm’s 50 day moving average is $8.70 and its two-hundred day moving average is $8.36. The stock has a market cap of $2.26 billion, a PE ratio of 55.41, a PEG ratio of 2.89 and a beta of 0.78. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $14.31.

Institutional Trading of Sprinklr

A number of large investors have recently added to or reduced their stakes in CXM. FNY Investment Advisers LLC bought a new stake in shares of Sprinklr during the 4th quarter worth $42,000. SG Americas Securities LLC acquired a new position in shares of Sprinklr in the 4th quarter valued at $89,000. Everence Capital Management Inc. purchased a new position in Sprinklr in the 3rd quarter worth about $105,000. GSA Capital Partners LLP acquired a new stake in Sprinklr during the 3rd quarter worth about $129,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in Sprinklr during the third quarter valued at about $142,000. 40.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on CXM shares. JMP Securities restated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research note on Monday, December 16th. Stifel Nicolaus upped their price objective on Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. DA Davidson boosted their price target on shares of Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a report on Thursday, December 5th. Scotiabank lifted their price objective on shares of Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.00 target price on shares of Sprinklr in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Sprinklr presently has a consensus rating of “Hold” and an average target price of $10.13.

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.