Sprinklr, Inc. (NYSE:CXM) Major Shareholder Roger H. Lee Sells 44,884 Shares

Sprinklr, Inc. (NYSE:CXM) major shareholder Roger H. Lee sold 44,884 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $7.83, for a total value of $351,441.72. Following the transaction, the insider now owns 739,799 shares in the company, valued at approximately $5,792,626.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Stock Performance

Shares of CXM stock opened at $7.45 on Thursday. The stock’s fifty day moving average price is $9.05 and its two-hundred day moving average price is $10.74. The company has a market cap of $1.98 billion, a PE ratio of 35.48, a P/E/G ratio of 2.34 and a beta of 0.78. Sprinklr, Inc. has a fifty-two week low of $7.23 and a fifty-two week high of $17.14.

Institutional Investors Weigh In On Sprinklr

Large investors have recently modified their holdings of the business. RK Capital Management LLC boosted its holdings in shares of Sprinklr by 29.0% in the 4th quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock valued at $6,190,000 after purchasing an additional 115,600 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sprinklr by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock valued at $10,905,000 after acquiring an additional 27,652 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Sprinklr during the 1st quarter valued at $883,000. Victory Capital Management Inc. boosted its holdings in shares of Sprinklr by 31.4% during the 4th quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock valued at $167,000 after acquiring an additional 3,322 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of Sprinklr during the 4th quarter valued at $161,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CXM has been the topic of a number of recent research reports. DA Davidson lowered their price objective on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley lowered their price objective on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Rosenblatt Securities lowered their price objective on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. KeyCorp lowered their price objective on Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, Wells Fargo & Company lowered their price objective on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sprinklr presently has an average rating of “Hold” and a consensus target price of $10.30.

Sprinklr Company Profile

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.