Insider Selling: Sprinklr, Inc. (NYSE:CXM) CEO Sells 1,048,005 Shares of Stock

Sprinklr, Inc. (NYSE:CXM – Get Rating) CEO Ragy Thomas sold 1,048,005 shares of the company’s stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $14.79, for a total value of $15,499,993.95. Following the completion of the sale, the chief executive officer now directly owns 31,250 shares of the company’s stock, valued at approximately $462,187.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE CXM opened at $14.39 on Thursday. Sprinklr, Inc. has a twelve month low of $9.62 and a twelve month high of $26.50. The firm has a 50-day moving average of $11.97 and a two-hundred day moving average of $14.21.

Sprinklr (NYSE:CXM – Get Rating) last issued its quarterly earnings results on Wednesday, April 6th. The company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.04. Sprinklr had a negative net margin of 23.17% and a negative return on equity of 30.66%. The company had revenue of $135.67 million during the quarter, compared to the consensus estimate of $130.38 million. Sprinklr’s revenue was up 30.3% compared to the same quarter last year. On average, equities research analysts forecast that Sprinklr, Inc. will post -0.43 EPS for the current year.

CXM has been the topic of several recent analyst reports. Zacks Investment Research upgraded Sprinklr from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Thursday, March 24th. Citigroup upped their price target on shares of Sprinklr from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, April 7th. KeyCorp lowered shares of Sprinklr from an “overweight” rating to a “sector weight” rating in a research report on Thursday, February 3rd. Morgan Stanley upped their price target on shares of Sprinklr from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 7th. Finally, Stifel Nicolaus lowered their price target on shares of Sprinklr from $26.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, March 21st. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $18.33.

A number of hedge funds have recently bought and sold shares of the business. 12 West Capital Management LP lifted its stake in Sprinklr by 152.8% during the fourth quarter. 12 West Capital Management LP now owns 5,820,639 shares of the company’s stock valued at $92,374,000 after buying an additional 3,517,844 shares in the last quarter. Wellington Management Group LLP lifted its stake in Sprinklr by 231.4% during the third quarter. Wellington Management Group LLP now owns 4,637,386 shares of the company’s stock valued at $80,274,000 after buying an additional 3,238,186 shares in the last quarter. Granahan Investment Management Inc. MA lifted its stake in Sprinklr by 20.5% during the third quarter. Granahan Investment Management Inc. MA now owns 1,661,084 shares of the company’s stock valued at $29,069,000 after buying an additional 282,219 shares in the last quarter. Cadian Capital Management LP purchased a new stake in Sprinklr during the fourth quarter valued at about $25,366,000. Finally, AXA S.A. lifted its stake in Sprinklr by 3.6% during the third quarter. AXA S.A. now owns 1,139,798 shares of the company’s stock valued at $19,946,000 after buying an additional 39,798 shares in the last quarter. 36.01% of the stock is owned by institutional investors.

Sprinklr Company Profile (Get Rating)

Sprinklr, Inc develops and provides a cloud-based unified customer experience management platform for enterprises worldwide. It enables organizations to do marketing, advertising, research, care, sales, and engagement across modern channels, including social, messaging, chat, and text through its unified customer experience management software platform.

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