Neeraj Agrawal Sells 26,053 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) Director Neeraj Agrawal sold 26,053 shares of Sprinklr stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.28, for a total transaction of $241,771.84. Following the completion of the transaction, the director now owns 968,306 shares in the company, valued at approximately $8,985,879.68. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sprinklr Trading Up 1.7 %

CXM stock traded up $0.15 during mid-day trading on Tuesday, hitting $8.79. 1,801,399 shares of the company were exchanged, compared to its average volume of 1,944,960. The company has a market capitalization of $2.23 billion, a PE ratio of 54.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $14.32. The firm has a fifty day simple moving average of $8.75 and a 200 day simple moving average of $8.27.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CXM. PNC Financial Services Group Inc. grew its holdings in Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after acquiring an additional 1,928 shares in the last quarter. Ancora Advisors LLC acquired a new position in Sprinklr during the 4th quarter worth $34,000. FNY Investment Advisers LLC acquired a new position in Sprinklr during the 4th quarter worth $42,000. SG Americas Securities LLC acquired a new position in Sprinklr during the 4th quarter worth $89,000. Finally, Cibc World Markets Corp acquired a new position in Sprinklr during the 4th quarter worth $92,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on CXM shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. Scotiabank raised their target price on shares of Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, March 13th. Cantor Fitzgerald reissued a “neutral” rating and issued a $9.00 target price on shares of Sprinklr in a research note on Thursday, December 5th. Rosenblatt Securities raised their target price on shares of Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. Finally, William Blair downgraded shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Sprinklr presently has a consensus rating of “Hold” and an average price target of $10.38.

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.