Sprinklr, Inc. (NYSE:CXM) CEO Ragy Thomas Sells 12,902 Shares

Sprinklr, Inc. (NYSE:CXM) CEO Ragy Thomas sold 12,902 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $101,022.66. Following the sale, the chief executive officer now directly owns 1,051,182 shares in the company, valued at $8,230,755.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ragy Thomas also recently made the following trade(s):

• On Monday, July 29th, Ragy Thomas sold 1,245 shares of Sprinklr stock. The shares were sold at an average price of $9.73, for a total value of $12,113.85.

Sprinklr Price Performance

CXM stock 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 twelve month low of $7.23 and a twelve month high of $17.14. The firm has a 50 day moving average of $8.88 and a two-hundred day moving average of $10.58. The company has a market cap of $2.07 billion, a PE ratio of 37.19, a PEG ratio of 2.23 and a beta of 0.78.

Institutional Trading of Sprinklr

A number of hedge funds have recently made changes to their positions in CXM. Mather Group LLC. bought a new stake in shares of Sprinklr in the first quarter worth $28,000. CWM LLC grew its position in shares of Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after buying an additional 1,904 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Sprinklr in the fourth quarter valued at about $115,000. CIBC Asset Management Inc raised its position in shares of Sprinklr by 15.6% during the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after acquiring an additional 1,694 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new position in shares of Sprinklr in the second quarter worth approximately $148,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays decreased their target price on shares of Sprinklr from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Stifel Nicolaus lowered their price objective on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Morgan Stanley cut their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Citigroup decreased their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research 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.com, the stock has a consensus rating of “Hold” and a consensus price target 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.