Jacob Scott Sells 2,963 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) General Counsel Jacob Scott sold 2,963 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $23,200.29. Following the transaction, the general counsel now directly owns 355,190 shares of the company’s stock, valued at approximately $2,781,137.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sprinklr Stock Performance

NYSE CXM opened at $7.91 on Friday. The firm’s 50 day moving average price is $8.85 and its two-hundred day moving average price is $10.56. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 2.23 and a beta of 0.78. Sprinklr, Inc. has a twelve month low of $7.23 and a twelve month high of $17.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CXM. RK Capital Management LLC lifted its position in Sprinklr by 29.0% in the 4th quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock worth $6,190,000 after buying an additional 115,600 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 worth $10,905,000 after acquiring an additional 27,652 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Sprinklr during the first quarter worth $883,000. Victory Capital Management Inc. boosted its position in Sprinklr by 31.4% during the fourth quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after purchasing an additional 3,322 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new position in Sprinklr in the fourth quarter valued at about $161,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Rosenblatt Securities cut their price target on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. DA Davidson cut their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company decreased their price target on shares of Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald dropped their price target on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, KeyCorp reduced their price objective on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.30.

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.