Insider Selling: Sprinklr, Inc. (NYSE:CXM) Major Shareholder Sells 30,000 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) major shareholder Morad Elhafed sold 30,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $12.25, for a total transaction of $367,500.00. Following the sale, the insider now directly owns 50,952 shares of the company’s stock, valued at $624,162. This represents a 37.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large 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 during trading hours on Thursday, reaching $8.54. 953,757 shares of the stock traded hands, compared to its average volume of 2,332,565. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $14.31. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 3.02 and a beta of 0.81. The firm’s fifty day simple moving average is $8.29 and its two-hundred day simple moving average is $8.46.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Monday, December 16th. KeyCorp decreased their target price on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.00 target price on shares of Sprinklr in a research report on Wednesday, December 11th. Scotiabank lifted their price target 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, Morgan Stanley decreased their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.13.

Hedge Funds Weigh In On Sprinklr

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Everence Capital Management Inc. purchased a new stake in shares of Sprinklr during the third quarter worth about $105,000. CIBC Asset Management Inc grew its stake in Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Sprinklr during the 3rd quarter worth approximately $129,000. GW Henssler & Associates Ltd. acquired a new position in shares of Sprinklr in the 3rd quarter valued at approximately $142,000. Finally, CWA Asset Management Group LLC acquired a new position in shares of Sprinklr in the 3rd quarter valued at approximately $194,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

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.