Roger H. Lee Sells 225,000 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the sale, the insider now owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Sprinklr Price Performance

CXM traded up $0.09 on Wednesday, reaching $7.45. 1,929,162 shares of the stock were exchanged, compared to its average volume of 2,256,816. The company’s 50-day moving average price is $9.10 and its 200 day moving average price is $10.76. Sprinklr, Inc. has a fifty-two week low of $7.23 and a fifty-two week high of $17.14. The firm has a market capitalization of $1.98 billion, a PE ratio of 35.07, a PEG ratio of 2.34 and a beta of 0.78.

Institutional Trading of Sprinklr

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 valued at $187,105,000 after buying an additional 3,575,001 shares during the last quarter. Cadian Capital Management LP increased its stake in shares of Sprinklr by 29.9% in the 4th quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after purchasing an additional 3,355,566 shares in the last quarter. Solel Partners LP increased its stake in shares of Sprinklr by 46.8% in the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after purchasing an additional 1,176,726 shares in the last quarter. TFG Asset Management GP Ltd increased its stake in shares of Sprinklr by 15.8% in the 4th quarter. TFG Asset Management GP Ltd now owns 2,200,000 shares of the company’s stock valued at $26,488,000 after purchasing an additional 300,000 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. increased its stake in shares of Sprinklr by 63.5% in the 2nd 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. Institutional investors and hedge funds own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley dropped their price target on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald decreased their price objective on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Thursday, September 5th. DA Davidson reduced their price target on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, KeyCorp reduced their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.