Insider Selling: Sprinklr, Inc. (NYSE:CXM) CMO Sells $80,578.53 in Stock

Sprinklr, Inc. (NYSE:CXM) CMO Arun Pattabhiraman sold 10,291 shares of the firm’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 $80,578.53. Following the transaction, the chief marketing officer now directly owns 448,947 shares in the company, valued at $3,515,255.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sprinklr Price Performance

CXM stock opened at $7.75 on Friday. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 2.23 and a beta of 0.78. The company has a 50 day simple moving average of $8.83 and a 200 day simple moving average of $10.54. Sprinklr, Inc. has a 1 year low of $7.23 and a 1 year high of $17.14.

Institutional Trading of Sprinklr

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Sprinklr by 30.6% during the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after acquiring an additional 3,575,001 shares in the last quarter. Cadian Capital Management LP boosted its stake in shares of Sprinklr by 29.9% during the fourth quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock valued at $175,304,000 after purchasing an additional 3,355,566 shares in the last quarter. Solel Partners LP grew its holdings in shares of Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after purchasing an additional 1,176,726 shares during the last quarter. TFG Asset Management GP Ltd increased its stake in shares of Sprinklr by 15.8% in the fourth quarter. TFG Asset Management GP Ltd now owns 2,200,000 shares of the company’s stock valued at $26,488,000 after buying an additional 300,000 shares during the period. Finally, Letko Brosseau & Associates Inc. raised its holdings in Sprinklr by 63.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after buying an additional 827,375 shares during the last quarter. Institutional investors own 40.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CXM shares. Morgan Stanley lowered their target price on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research note on Thursday, September 5th. Cantor Fitzgerald cut their target price on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Rosenblatt Securities decreased their price target on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Company dropped their price target on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.30.

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.