Roger H. Lee Sells 225,000 Shares of Sprinklr, Inc. (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the transaction, the insider now directly owns 514,799 shares of the company’s stock, valued at $3,794,068.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Sprinklr Trading Up 3.5 %

Sprinklr stock opened at $7.94 on Friday. The firm has a 50 day simple moving average of $8.96 and a 200 day simple moving average of $10.68. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 37.81, a P/E/G ratio of 2.23 and a beta of 0.78. Sprinklr, Inc. has a 1-year low of $7.23 and a 1-year high of $17.14.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Sea Cliff Partners Management LP purchased a new position in shares of Sprinklr during the 2nd quarter valued at $866,000. The Manufacturers Life Insurance Company grew its position in shares of Sprinklr by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after purchasing an additional 1,117 shares in the last quarter. 272 Capital LP purchased a new position in shares of Sprinklr during the 2nd quarter valued at $2,352,000. Solel Partners LP grew its position in shares of 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 in the last quarter. Finally, Lombard Odier Asset Management USA Corp purchased a new position in shares of Sprinklr during the 2nd quarter valued at $277,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on CXM. Wells Fargo & Company reduced their price objective 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. Citigroup decreased their price objective on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Rosenblatt Securities dropped their target price on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research note on Thursday, September 5th. Finally, Barclays dropped their price objective on Sprinklr from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sprinklr has an average rating of “Hold” and a consensus price target of $10.30.

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.