Amitabh Misra Sells 40,000 Shares of Sprinklr (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) CTO Amitabh Misra sold 40,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $5.73, for a total transaction of $229,200.00. Following the completion of the sale, the chief technology officer directly owned 814,779 shares in the company, valued at approximately $4,668,683.67. This represents a 4.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.

Amitabh Misra also recently made the following trade(s):

• On Wednesday, September 16th, Amitabh Misra sold 29,629 shares of Sprinklr stock. The shares were sold at an average price of $5.55, for a total value of $164,440.95.

Sprinklr Stock Performance

Shares of CXM traded up $0.04 during mid-day trading on Thursday, reaching $5.62. 2,824,332 shares of the company were exchanged, compared to its average volume of 3,465,094. The business has a 50 day simple moving average of $6.42 and a two-hundred day simple moving average of $5.81. The stock has a market capitalization of $1.31 billion, a PE ratio of 56.26 and a beta of 0.65. Sprinklr, Inc. has a 52 week low of $4.72 and a 52 week high of $8.27.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $213.74 million during the quarter, compared to the consensus estimate of $214.45 million. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. On average, analysts predict that Sprinklr, Inc. will post 0.23 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CXM shares. Wall Street Zen cut shares of Sprinklr from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings upgraded shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Morgan Stanley upped their price target on shares of Sprinklr from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. DA Davidson increased their price target on Sprinklr from $6.00 to $6.50 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Finally, Citigroup reissued a “market outperform” rating on shares of Sprinklr in a research report on Monday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sprinklr has a consensus rating of “Hold” and a consensus target price of $8.21.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently modified their holdings of CXM. Dimensional Fund Advisors LP grew its holdings in Sprinklr by 19.8% in the first 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 during the period. Globeflex Capital L P bought a new stake in Sprinklr in the second quarter valued at $1,310,000. Private Management Group Inc. raised its holdings in shares of Sprinklr by 1,249.3% during the fourth quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock valued at $18,768,000 after purchasing an additional 2,233,542 shares during the period. SG Americas Securities LLC raised its holdings 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 valued at $50,265,000 after purchasing an additional 3,846,652 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of Sprinklr by 966.8% during the 1st quarter. Quantinno Capital Management LP now owns 248,193 shares of the company’s stock worth $1,489,000 after purchasing an additional 224,928 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors.

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.