Jacob Scott Sells 26,094 Shares of Sprinklr (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) General Counsel Jacob Scott sold 26,094 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total transaction of $144,821.70. Following the completion of the transaction, the general counsel directly owned 550,733 shares in the company, valued at approximately $3,056,568.15. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jacob Scott also recently made the following trade(s):

• On Monday, August 10th, Jacob Scott sold 71,585 shares of Sprinklr stock. The stock was sold at an average price of $6.97, for a total transaction of $498,947.45.
• On Monday, June 22nd, Jacob Scott sold 2,724 shares of Sprinklr stock. The shares were sold at an average price of $4.97, for a total transaction of $13,538.28.

Sprinklr Stock Down 5.4%

CXM stock opened at $5.32 on Friday. The business’s fifty day moving average is $6.42 and its 200-day moving average is $5.80. The company has a market cap of $1.23 billion, a P/E ratio of 53.16 and a beta of 0.65. Sprinklr, Inc. has a twelve month low of $4.72 and a twelve month high of $8.27.

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

More Sprinklr News

Here are the key news stories impacting Sprinklr this week:

• Positive Sentiment: Recent institutional activity included new positions and increased holdings from several investment firms. About 40.19% of Sprinklr’s shares are held by hedge funds and other institutional investors, providing some indication of continued institutional interest.
• Positive Sentiment: Sprinklr’s latest quarterly EPS of $0.11 exceeded analysts’ $0.10 estimate. Management has also highlighted momentum in its artificial-intelligence offerings, while some analysts remain bullish; Rosenblatt Securities has an $8.50 price target and the consensus target is $8.21.
• Neutral Sentiment: CEO Rory Read, CTO Amitabh Misra, General Counsel Jacob Scott, Director Ragy Thomas and another insider sold approximately $1.6 million of shares in transactions conducted around $5.55 per share. The filings state that the sales covered tax obligations related to equity-award vesting; Misra’s transactions were also made under a pre-arranged Rule 10b5-1 plan. The insiders continued to hold substantial positions after the sales. Sprinklr insider selling report
• Negative Sentiment: Revenue rose only 0.8% year over year to $213.74 million and came in slightly below expectations. EPS declined from $0.13 in the comparable period to $0.11, while services remained a drag. Investors may remain cautious until AI-related demand produces faster revenue growth.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $8.50 price target on shares of Sprinklr in a research note on Thursday, September 3rd. Weiss Ratings raised shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Wall Street Zen cut shares of Sprinklr from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Sprinklr in a research note on Thursday, September 3rd. Finally, Morgan Stanley increased their target price on shares of Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.21.

Institutional Investors Weigh In On Sprinklr

Several large investors have recently modified their holdings of CXM. SG Americas Securities LLC raised its position in shares of Sprinklr by 84.9% during the first quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock worth $50,265,000 after purchasing an additional 3,846,652 shares during the period. Jefferies Financial Group Inc. grew its position in shares of Sprinklr by 19.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,590,002 shares of the company’s stock valued at $43,490,000 after purchasing an additional 908,002 shares during the period. Dimensional Fund Advisors LP increased its stake in Sprinklr by 19.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock worth $15,891,000 after purchasing an additional 438,083 shares in the last quarter. Private Management Group Inc. increased its stake in Sprinklr by 1,249.3% during the 4th quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock worth $18,768,000 after purchasing an additional 2,233,542 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Sprinklr by 3.9% during the 1st quarter. Bank of America Corp DE now owns 1,680,846 shares of the company’s stock worth $10,085,000 after buying an additional 62,604 shares during the period. 40.19% of the stock is currently owned by institutional investors.

Sprinklr Company Profile

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.