Insider Selling: Sprinklr (NYSE:CXM) CEO Sells 145,865 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) CEO Rory Read sold 145,865 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $809,550.75. Following the transaction, the chief executive officer directly owned 3,273,325 shares of the company’s stock, valued at approximately $18,166,953.75. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sprinklr Stock Performance

Shares of NYSE:CXM traded up $0.04 during midday trading on Thursday, reaching $5.62. 2,824,332 shares of the company’s stock traded hands, compared to its average volume of 3,465,094. The company has a fifty day simple moving average of $6.42 and a two-hundred day simple moving average of $5.81. Sprinklr, Inc. has a 1 year low of $4.72 and a 1 year high of $8.27. The company has a market cap of $1.31 billion, a P/E ratio of 56.26 and a beta of 0.65.

Sprinklr (NYSE:CXM) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $213.74 million during the quarter, compared to analyst estimates of $214.45 million. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. As a group, research analysts forecast that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Sprinklr

A number of large investors have recently modified their holdings of CXM. Sequoia Financial Advisors LLC raised its position in shares of Sprinklr by 44.2% in the second quarter. Sequoia Financial Advisors LLC now owns 27,151 shares of the company’s stock valued at $140,000 after buying an additional 8,322 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Sprinklr during the second quarter worth about $645,000. Integrated Wealth Concepts LLC acquired a new stake in Sprinklr in the 2nd quarter valued at about $31,000. Compass Financial Management LLC acquired a new stake in Sprinklr in the 2nd quarter valued at about $52,000. Finally, Syon Capital LLC purchased a new position in Sprinklr in the 2nd quarter worth approximately $131,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CXM. Weiss Ratings upgraded shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Wall Street Zen cut Sprinklr from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Rosenblatt Securities reiterated a “buy” rating and set a $8.50 price objective on shares of Sprinklr in a research note on Thursday, September 3rd. UBS Group set a $7.50 target price on Sprinklr in a report on Thursday, September 3rd. Finally, Morgan Stanley increased their target price on Sprinklr from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.21.

About Sprinklr

Sprinklr, Inc (NYSE:CXM) provides an enterprise software platform designed to help organizations manage customer experiences across digital and traditional channels. Its cloud-based Unified Customer Experience Management platform brings together customer-facing functions, data and workflows in a centralized environment.

The company’s products support customer service and contact-center operations, social media management, digital marketing, advertising, customer insights and social listening.