Arun Pattabhiraman Sells 52,401 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) CMO Arun Pattabhiraman sold 52,401 shares of the company’s 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 sale, the chief marketing officer now directly owns 491,862 shares of the company’s stock, valued at $5,735,110.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

Sprinklr Stock Up 0.3 %

NYSE CXM opened at $11.39 on Friday. Sprinklr, Inc. has a twelve month low of $10.93 and a twelve month high of $17.14. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 63.28, a price-to-earnings-growth ratio of 2.18 and a beta of 0.87. The business’s fifty day moving average is $12.68 and its 200 day moving average is $13.08.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its holdings in Sprinklr by 19,023.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 710,832 shares of the company’s stock worth $8,722,000 after purchasing an additional 707,115 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Sprinklr by 79.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 33,416 shares of the company’s stock valued at $410,000 after purchasing an additional 14,816 shares during the last quarter. Mather Group LLC. purchased a new position in Sprinklr in the first quarter valued at approximately $28,000. Goldman Sachs Group Inc. lifted its stake in Sprinklr by 205.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,093,275 shares of the company’s stock valued at $13,163,000 after purchasing an additional 735,699 shares during the last quarter. Finally, American International Group Inc. raised its holdings in Sprinklr by 2.0% during the 4th quarter. American International Group Inc. now owns 52,522 shares of the company’s stock valued at $632,000 after acquiring an additional 1,037 shares during the period. 40.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CXM. Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a research report on Thursday, March 28th. KeyCorp initiated coverage on Sprinklr in a research report on Thursday, March 21st. They issued an “overweight” rating and a $19.00 price objective for the company. Wells Fargo & Company raised their target price on Sprinklr from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. DA Davidson restated a “buy” rating and set a $16.00 target price on shares of Sprinklr in a research report on Monday, April 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $16.00 price objective on shares of Sprinklr in a research report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Sprinklr has an average rating of “Moderate Buy” and an average target price 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.