Sprinklr, Inc. (NYSE:CXM) General Counsel Jacob Scott Sells 2,963 Shares

Sprinklr, Inc. (NYSE:CXM) General Counsel Jacob Scott sold 2,963 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $23,200.29. Following the completion of the transaction, the general counsel now owns 355,190 shares in the company, valued at approximately $2,781,137.70. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Sprinklr Stock Performance

CXM stock remained flat at $7.81 during trading on Wednesday. The company’s stock had a trading volume of 962,441 shares, compared to its average volume of 2,241,071. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 2.23 and a beta of 0.78. The firm’s 50 day moving average is $8.88 and its 200 day moving average is $10.58. Sprinklr, Inc. has a 52 week low of $7.23 and a 52 week high of $17.14.

Institutional Investors Weigh In On Sprinklr

Several hedge funds and other institutional investors have recently made changes to their positions in CXM. Vanguard Group Inc. grew its position in Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after buying an additional 3,575,001 shares during the period. Cadian Capital Management LP raised its position in Sprinklr by 29.9% in the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock worth $175,304,000 after acquiring an additional 3,355,566 shares during the period. Federated Hermes Inc. boosted its stake in shares of Sprinklr by 107,818.1% during the 2nd quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after acquiring an additional 1,694,900 shares during the last quarter. Solel Partners LP grew its position in shares of Sprinklr by 46.8% during the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after acquiring an additional 1,176,726 shares during the period. Finally, Letko Brosseau & Associates Inc. increased its stake in shares of Sprinklr by 63.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after purchasing an additional 827,375 shares in the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CXM. Rosenblatt Securities decreased their target price on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. 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 report on Thursday, September 5th. KeyCorp cut their target price on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Stifel Nicolaus decreased their price target on Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Finally, DA Davidson dropped their price objective on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Sprinklr currently has a consensus rating of “Hold” and an average 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.