Insider Selling: Sprinklr, Inc. (NYSE:CXM) Insider Sells $101,124.45 in Stock

Sprinklr, Inc. (NYSE:CXM) insider Diane Adams sold 12,915 shares of Sprinklr stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total value of $101,124.45. Following the completion of the transaction, the insider now directly owns 376,942 shares in the company, valued at $2,951,455.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Diane Adams also recently made the following trade(s):

• On Monday, September 16th, Diane Adams sold 4,282 shares of Sprinklr stock. The stock was sold at an average price of $7.83, for a total transaction of $33,528.06.
• On Monday, July 29th, Diane Adams sold 1,000 shares of Sprinklr stock. The shares were sold at an average price of $9.69, for a total transaction of $9,690.00.
• On Monday, July 15th, Diane Adams sold 13,717 shares of Sprinklr stock. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40.

Sprinklr Price Performance

NYSE:CXM opened at $7.74 on Friday. The firm has a market capitalization of $2.05 billion, a P/E ratio of 36.86, a PEG ratio of 2.23 and a beta of 0.78. Sprinklr, Inc. has a one year low of $7.23 and a one year high of $17.14. The company’s 50-day simple moving average is $8.80 and its 200 day simple moving average is $10.50.

Analyst Ratings Changes

CXM has been the topic of several recent analyst reports. DA Davidson cut their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Rosenblatt Securities reduced their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. 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. Barclays reduced their price objective on shares of Sprinklr from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Thursday, September 5th. Finally, Citigroup dropped their target price on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.30.

Institutional Trading of Sprinklr

A number of hedge funds have recently made changes to their positions in CXM. Vanguard Group Inc. raised its stake in Sprinklr by 30.6% during the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after buying an additional 3,575,001 shares during the last quarter. Cadian Capital Management LP boosted its stake in Sprinklr by 29.9% in the 4th quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company’s stock worth $175,304,000 after purchasing an additional 3,355,566 shares in the last quarter. Solel Partners LP grew its position in Sprinklr by 46.8% during the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after purchasing an additional 1,176,726 shares during the last quarter. TFG Asset Management GP Ltd increased its stake in Sprinklr by 15.8% during the 4th quarter. TFG Asset Management GP Ltd now owns 2,200,000 shares of the company’s stock valued at $26,488,000 after purchasing an additional 300,000 shares in the last quarter. Finally, Letko Brosseau & Associates Inc. raised its holdings in Sprinklr by 63.5% in the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after buying an additional 827,375 shares during the last quarter. 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.