Ragy Thomas Sells 3,000,000 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) Director Ragy Thomas sold 3,000,000 shares of Sprinklr stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $7.94, for a total value of $23,820,000.00. Following the sale, the director now directly owns 974,286 shares of the company’s stock, valued at $7,735,830.84. This represents a 75.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, June 16th, Ragy Thomas sold 32,768 shares of Sprinklr stock. The stock was sold at an average price of $8.17, for a total value of $267,714.56.
• On Tuesday, April 29th, Ragy Thomas sold 1,506 shares of Sprinklr stock. The stock was sold at an average price of $7.72, for a total value of $11,626.32.

Sprinklr Stock Down 3.3%

Sprinklr stock opened at $8.05 on Friday. Sprinklr, Inc. has a 12-month low of $6.75 and a 12-month high of $10.27. The business’s 50-day moving average price is $8.00 and its two-hundred day moving average price is $8.44. The stock has a market cap of $2.08 billion, a PE ratio of 19.62, a P/E/G ratio of 1.77 and a beta of 0.81.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%. The firm had revenue of $205.50 million for the quarter, compared to analysts’ expectations of $201.83 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts expect that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research note on Thursday, June 5th. Wells Fargo & Company boosted their price target on Sprinklr from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday, June 5th. Morgan Stanley boosted their price target on Sprinklr from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Thursday, June 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $12.00 price target on shares of Sprinklr in a research note on Thursday, June 5th. Finally, Scotiabank boosted their price target on Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.25.

Institutional Trading of Sprinklr

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock worth $31,000 after purchasing an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after purchasing an additional 1,928 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Sprinklr during the fourth quarter worth about $34,000. Quarry LP grew its holdings in shares of Sprinklr by 5,071.8% during the first quarter. Quarry LP now owns 7,706 shares of the company’s stock worth $64,000 after purchasing an additional 7,557 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of Sprinklr during the fourth quarter worth about $92,000. 40.19% of the stock is currently 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.