Sprinklr, Inc. (NYSE:CXM) CMO Sells $80,578.53 in Stock

Sprinklr, Inc. (NYSE:CXM) CMO Arun Pattabhiraman sold 10,291 shares of Sprinklr stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the transaction, the chief marketing officer now directly owns 448,947 shares in the company, valued at $3,515,255.01. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Sprinklr Trading Down 2.1 %

Shares of CXM stock opened at $7.75 on Friday. The firm has a fifty day simple moving average of $8.83 and a two-hundred day simple moving average of $10.54. Sprinklr, Inc. has a 12 month low of $7.23 and a 12 month high of $17.14. The firm has a market capitalization of $2.05 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CXM shares. KeyCorp cut their price objective on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Cantor Fitzgerald reduced their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. JMP Securities reiterated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research report on Thursday, September 5th. Stifel Nicolaus dropped their target price on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Finally, Citigroup decreased their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Sprinklr currently has an average rating of “Hold” and an average price target of $10.30.

Institutional Investors Weigh In On Sprinklr

Hedge funds and other institutional investors have recently made changes to their positions in the business. RK Capital Management LLC boosted its stake in Sprinklr by 29.0% during the 4th quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock valued at $6,190,000 after purchasing an additional 115,600 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Sprinklr by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock valued at $10,905,000 after buying an additional 27,652 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Sprinklr during the first quarter worth $883,000. Victory Capital Management Inc. raised its position in Sprinklr by 31.4% in the 4th quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after buying an additional 3,322 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in Sprinklr during the 4th quarter valued at $161,000. 40.19% of the stock is owned by institutional investors.

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.