Insider Selling: Sprinklr, Inc. (NYSE:CXM) CMO Sells 52,401 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) CMO Arun Pattabhiraman sold 52,401 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $11.66, for a total value of $610,995.66. Following the transaction, the chief marketing officer now directly owns 491,862 shares in the company, valued at $5,735,110.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Arun Pattabhiraman also recently made the following trade(s):

• On Monday, March 18th, Arun Pattabhiraman sold 27,859 shares of Sprinklr stock. The shares were sold at an average price of $13.03, for a total transaction of $363,002.77.

Sprinklr Stock Performance

NYSE CXM traded up $0.07 during trading on Wednesday, hitting $11.41. The stock had a trading volume of 929,099 shares, compared to its average volume of 2,758,808. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 63.00, a P/E/G ratio of 2.18 and a beta of 0.87. Sprinklr, Inc. has a one year low of $10.93 and a one year high of $17.14. The stock has a 50 day simple moving average of $12.74 and a 200 day simple moving average of $13.11.

Institutional Trading of Sprinklr

Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. raised its stake in shares of Sprinklr by 308.9% during the first quarter. Citigroup Inc. now owns 2,212 shares of the company’s stock valued at $26,000 after acquiring an additional 1,671 shares in the last quarter. RiverPark Advisors LLC bought a new stake in shares of Sprinklr during the third quarter valued at approximately $27,000. Deutsche Bank AG bought a new stake in shares of Sprinklr during the fourth quarter valued at approximately $28,000. Mather Group LLC. bought a new stake in shares of Sprinklr during the first quarter valued at approximately $28,000. Finally, BluePath Capital Management LLC bought a new stake in shares of Sprinklr during the third quarter valued at approximately $30,000. Institutional investors own 40.19% of the company’s stock.

Analysts Set New Price Targets

CXM has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $16.00 price target on shares of Sprinklr in a report on Thursday, March 28th. DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Sprinklr in a report on Monday, April 1st. KeyCorp initiated coverage on shares of Sprinklr in a report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price target for the company. Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a report on Thursday, March 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Sprinklr in a report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.90.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.