Sprinklr, Inc. (NYSE:CXM) Major Shareholder Sells $367,500.00 in Stock

Sprinklr, Inc. (NYSE:CXM) major shareholder Morad Elhafed sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $12.25, for a total transaction of $367,500.00. Following the completion of the transaction, the insider now directly owns 50,952 shares of the company’s stock, valued at $624,162. This trade represents a 37.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Sprinklr Price Performance

CXM stock opened at $8.54 on Friday. The company’s 50 day simple moving average is $8.29 and its 200-day simple moving average is $8.46. The firm has a market capitalization of $2.17 billion, a PE ratio of 53.38, a P/E/G ratio of 3.02 and a beta of 0.81. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $14.31.

Analysts Set New Price Targets

CXM has been the subject of a number of research analyst reports. Barclays increased their price target on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. JMP Securities restated a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Monday, December 16th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. DA Davidson lifted their price target on shares of Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Citigroup cut their price objective on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.13.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CXM. Weiss Asset Management LP acquired a new position in shares of Sprinklr in the third quarter valued at approximately $806,000. Geode Capital Management LLC grew its stake in Sprinklr by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after acquiring an additional 295,638 shares during the period. Barclays PLC lifted its stake in shares of Sprinklr by 283.7% during the 3rd quarter. Barclays PLC now owns 242,990 shares of the company’s stock worth $1,878,000 after purchasing an additional 179,661 shares during the period. Cerity Partners LLC boosted its holdings in shares of Sprinklr by 33.0% during the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock worth $7,664,000 after purchasing an additional 246,095 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Sprinklr in the third quarter valued at $597,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

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.