Insider Selling: Sprinklr (NYSE:CXM) CEO Sells 68,673 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) CEO Rory Read sold 68,673 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $7.78, for a total value of $534,275.94. Following the transaction, the chief executive officer directly owned 1,810,613 shares in the company, valued at approximately $14,086,569.14. This trade represents a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sprinklr Trading Up 0.4%

NYSE CXM traded up $0.03 during mid-day trading on Wednesday, hitting $7.88. The company’s stock had a trading volume of 1,974,637 shares, compared to its average volume of 2,239,689. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $9.69. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 18.77 and a beta of 0.78. The company’s 50 day simple moving average is $7.55 and its 200 day simple moving average is $8.09.

Sprinklr (NYSE:CXM) last posted its earnings results on Wednesday, December 3rd. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $219.07 million during the quarter, compared to the consensus estimate of $209.56 million. Sprinklr had a net margin of 13.42% and a return on equity of 8.03%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Sprinklr has set its FY 2026 guidance at 0.430-0.440 EPS and its Q4 2026 guidance at 0.090-0.100 EPS. As a group, research analysts forecast that Sprinklr, Inc. will post 0.1 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CXM shares. Barclays reduced their target price on Sprinklr from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, September 3rd. Wall Street Zen downgraded Sprinklr from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings downgraded Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, December 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $12.00 price target on shares of Sprinklr in a research report on Thursday, December 4th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $8.00 price objective on shares of Sprinklr in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $9.89.

Hedge Funds Weigh In On Sprinklr

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Sprinklr by 20.3% during the 3rd quarter. Vanguard Group Inc. now owns 17,571,641 shares of the company’s stock worth $135,653,000 after acquiring an additional 2,966,556 shares during the period. Sea Cliff Partners Management LP grew its position in shares of Sprinklr by 1,174.6% during the 2nd quarter. Sea Cliff Partners Management LP now owns 2,166,792 shares of the company’s stock valued at $18,331,000 after purchasing an additional 1,996,792 shares in the last quarter. Norges Bank bought a new position in shares of Sprinklr in the second quarter worth $10,310,000. Jefferies Financial Group Inc. raised its position in shares of Sprinklr by 31.6% in the second quarter. Jefferies Financial Group Inc. now owns 4,682,000 shares of the company’s stock worth $39,610,000 after buying an additional 1,125,000 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Sprinklr in the third quarter worth $6,997,000. 40.19% of the stock is currently 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.