Sprinklr, Inc. (NYSE:CXM) Major Shareholder Sells $699,979.95 in Stock

Sprinklr, Inc. (NYSE:CXM) major shareholder Battery Partners Ix, Llc sold 81,869 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $8.55, for a total value of $699,979.95. Following the completion of the sale, the insider now directly owns 82,500 shares in the company, valued at $705,375. This represents a 49.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Sprinklr Stock Performance

Shares of CXM stock opened at $7.96 on Monday. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $10.27. The business’s fifty day moving average is $7.96 and its 200-day moving average is $8.45. The stock has a market cap of $2.06 billion, a PE ratio of 49.75, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Sprinklr had a return on equity of 7.84% and a net margin of 5.59%. The firm had revenue of $205.50 million for the quarter, compared to analyst estimates of $201.83 million. During the same period in the previous year, the company earned $0.09 earnings per share. Sprinklr’s revenue was up 4.9% compared to the same quarter last year. Equities research analysts predict that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Institutional Trading of Sprinklr

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock worth $31,000 after buying an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after acquiring an additional 1,928 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Sprinklr in the 4th quarter worth $34,000. Quarry LP grew its holdings in shares of Sprinklr by 5,071.8% in the 1st quarter. Quarry LP now owns 7,706 shares of the company’s stock worth $64,000 after acquiring an additional 7,557 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Sprinklr during the fourth quarter worth $89,000. 40.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on CXM shares. DA Davidson increased their price objective on shares of Sprinklr from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, June 5th. Cantor Fitzgerald initiated coverage on shares of Sprinklr in a research report on Tuesday, June 3rd. They issued a “neutral” rating and a $8.00 target price for the company. Scotiabank raised their price target on shares of Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, March 13th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a report on Thursday, June 5th. Finally, Morgan Stanley increased their price objective on Sprinklr from $8.00 to $10.00 and gave the stock an “equal weight” rating in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.25.

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.