Manish Sarin Sells 22,738 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) CFO Manish Sarin sold 22,738 shares of Sprinklr stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $178,038.54. Following the completion of the transaction, the chief financial officer now directly owns 748,918 shares of the company’s stock, valued at approximately $5,864,027.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sprinklr Stock Performance

Shares of NYSE:CXM remained flat at $7.81 during midday trading on Wednesday. The company had a trading volume of 962,441 shares, compared to its average volume of 2,241,071. Sprinklr, Inc. has a 12-month low of $7.23 and a 12-month high of $17.14. The stock has a market capitalization of $2.07 billion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 2.23 and a beta of 0.78. The firm’s fifty day moving average is $8.88 and its 200-day moving average is $10.58.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CXM. Wells Fargo & Company reduced their price target on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Barclays reduced their target price on Sprinklr from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. JMP Securities reiterated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Thursday, September 5th. KeyCorp reduced their price objective on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Finally, Morgan Stanley dropped their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.30.

Institutional Trading of Sprinklr

A number of hedge funds and other institutional investors have recently modified their holdings of CXM. Victory Capital Management Inc. grew its holdings in shares of Sprinklr by 31.4% in 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 period. Charles Schwab Investment Management Inc. increased its stake in Sprinklr by 3.1% during 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. Jump Financial LLC lifted its stake in shares of Sprinklr by 5.0% in the 4th quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock valued at $478,000 after purchasing an additional 1,875 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Sprinklr during the 4th quarter worth $161,000. Finally, Quest Partners LLC purchased a new stake in Sprinklr in the 4th quarter valued at about $115,000. 40.19% of the stock is owned by institutional investors and hedge funds.

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.