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 that occurred on Wednesday, January 29th. The shares were sold at an average price of $9.17, for a total transaction of $11,728.43. Following the transaction, the director now owns 1,032,532 shares in the company, valued at approximately $9,468,318.44. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Sprinklr Price Performance

Shares of NYSE CXM opened at $8.90 on Friday. Sprinklr, Inc. has a 1 year low of $6.91 and a 1 year high of $14.31. The company has a market capitalization of $2.26 billion, a P/E ratio of 55.63, a P/E/G ratio of 3.04 and a beta of 0.78. The company has a 50 day simple moving average of $8.73 and a 200-day simple moving average of $8.37.

Institutional Investors Weigh In On Sprinklr

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings in shares of Sprinklr by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock worth $627,000 after purchasing an additional 1,117 shares during the period. FNY Investment Advisers LLC acquired a new position in Sprinklr in the fourth quarter valued at about $42,000. Entropy Technologies LP boosted its stake in Sprinklr by 18.2% during the third quarter. Entropy Technologies LP now owns 46,088 shares of the company’s stock worth $356,000 after buying an additional 7,095 shares during the period. Sei Investments Co. increased its position in shares of Sprinklr by 4.1% during the second quarter. Sei Investments Co. now owns 192,815 shares of the company’s stock valued at $1,855,000 after acquiring an additional 7,682 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of Sprinklr by 41.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company’s stock valued at $209,000 after acquiring an additional 8,000 shares during the period. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CXM. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. DA Davidson lifted their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Monday, December 16th. Stifel Nicolaus raised their target price on shares of Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company downgraded Sprinklr from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. 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 MarketBeat.com, Sprinklr currently has a consensus rating of “Hold” and an average target price of $10.13.

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.