Sprinklr, Inc. (NYSE:CXM) CEO Ragy Thomas Sells 1,128 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) CEO Ragy Thomas sold 1,128 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $12.02, for a total transaction of $13,558.56. Following the completion of the sale, the chief executive officer now owns 1,075,279 shares in the company, valued at $12,924,853.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, March 18th, Ragy Thomas sold 11,742 shares of Sprinklr stock. The shares were sold at an average price of $13.03, for a total transaction of $152,998.26.

Sprinklr Stock Performance

Shares of CXM stock opened at $11.69 on Wednesday. The company has a market capitalization of $3.19 billion, a P/E ratio of 64.95, a price-to-earnings-growth ratio of 2.29 and a beta of 0.87. The company’s 50 day moving average price is $12.52 and its two-hundred day moving average price is $12.94. Sprinklr, Inc. has a 52 week low of $10.93 and a 52 week high of $17.14.

Sprinklr (NYSE:CXM) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $194.21 million during the quarter, compared to analysts’ expectations of $188.50 million. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. Analysts forecast that Sprinklr, Inc. will post 0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

CXM has been the topic of a number of analyst reports. KeyCorp initiated coverage on shares of Sprinklr in a research report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price target on the stock. Rosenblatt Securities increased their price target on shares of Sprinklr from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $16.00 price target on shares of Sprinklr in a research report on Thursday, March 28th. DA Davidson reiterated a “buy” rating and issued a $16.00 price target on shares of Sprinklr in a research report on Monday, April 1st. Finally, Wells Fargo & Company raised their target price on shares of Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.90.

Hedge Funds Weigh In On Sprinklr

Several hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in shares of Sprinklr by 212.6% during the 1st quarter. Principal Financial Group Inc. now owns 690,055 shares of the company’s stock worth $8,467,000 after acquiring an additional 469,305 shares in the last quarter. Yousif Capital Management LLC bought a new position in shares of Sprinklr during the 1st quarter worth approximately $648,000. New York State Teachers Retirement System bought a new position in shares of Sprinklr during the 1st quarter worth approximately $322,000. Horrell Capital Management Inc. grew its stake in shares of Sprinklr by 40.2% during the 1st quarter. Horrell Capital Management Inc. now owns 471,000 shares of the company’s stock worth $5,779,000 after acquiring an additional 135,000 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Sprinklr during the 1st quarter worth approximately $719,000. 40.19% of the stock is owned by institutional investors.

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.