Sprinklr (NYSE:CXM) Trading Down 5.4% – Here’s Why

Sprinklr, Inc. (NYSE:CXM) shares dropped 5.4% during mid-day trading on Tuesday . The stock traded as low as $7.71 and last traded at $7.7650. Approximately 2,613,617 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 3,358,836 shares. The stock had previously closed at $8.21.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CXM shares. Citigroup decreased their target price on shares of Sprinklr from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, June 4th. Weiss Ratings raised Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Rosenblatt Securities dropped their target price on Sprinklr from $12.00 to $8.50 and set a “buy” rating on the stock in a report on Thursday, June 4th. Finally, DA Davidson lowered their price target on Sprinklr from $6.25 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.79.

Sprinklr Stock Performance

The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 63.67 and a beta of 0.58. The business has a fifty day moving average of $6.25 and a two-hundred day moving average of $5.77.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Sprinklr had a return on equity of 8.13% and a net margin of 3.29%.The business had revenue of $219.48 million during the quarter, compared to the consensus estimate of $215.89 million. During the same quarter last year, the firm posted $0.12 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.480-0.490 EPS and its Q2 2027 guidance at 0.100-0.100 EPS. As a group, sell-side analysts predict that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling at Sprinklr

In related news, insider Karthik Suri sold 41,852 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $5.14, for a total value of $215,119.28. Following the transaction, the insider owned 1,111,472 shares in the company, valued at approximately $5,712,966.08. This represents a 3.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rory P. Read sold 143,654 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total transaction of $761,366.20. Following the completion of the transaction, the chief executive officer directly owned 3,419,190 shares in the company, valued at approximately $18,121,707. This represents a 4.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 395,880 shares of company stock worth $2,210,116 in the last ninety days. Insiders own 25.18% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

A number of large investors have recently made changes to their positions in CXM. Aster Capital Management DIFC Ltd boosted its stake in Sprinklr by 148.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,243 shares of the company’s stock valued at $25,000 after purchasing an additional 1,940 shares during the period. Larson Financial Group LLC increased its position in Sprinklr by 24,370.6% during the 3rd quarter. Larson Financial Group LLC now owns 4,160 shares of the company’s stock worth $32,000 after buying an additional 4,143 shares during the period. Essential Partners LLC lifted its holdings in shares of Sprinklr by 563.7% during the first quarter. Essential Partners LLC now owns 4,440 shares of the company’s stock worth $27,000 after buying an additional 3,771 shares in the last quarter. Summit Securities Group LLC boosted its position in shares of Sprinklr by 210.8% in the first quarter. Summit Securities Group LLC now owns 4,572 shares of the company’s stock valued at $27,000 after acquiring an additional 3,101 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Sprinklr in the fourth quarter valued at about $38,000. Institutional investors own 40.19% of the company’s stock.

Sprinklr Company Profile

Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.