Insider Selling: Sprinklr (NYSE:CXM) CEO Sells $761,366.20 in Stock

Sprinklr, Inc. (NYSE:CXM) CEO Rory Read sold 143,654 shares of the company’s 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 sale, the chief executive officer directly owned 3,419,190 shares in the company, valued at approximately $18,121,707. This trade represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sprinklr Price Performance

Shares of CXM traded down $0.07 during trading hours on Thursday, hitting $5.05. The company’s stock had a trading volume of 8,248,694 shares, compared to its average volume of 3,423,870. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 42.12 and a beta of 0.59. The business has a 50 day simple moving average of $5.31 and a two-hundred day simple moving average of $6.16. Sprinklr, Inc. has a 52-week low of $4.72 and a 52-week high of $9.40.

Sprinklr (NYSE:CXM) last posted 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. The company had revenue of $219.48 million for the quarter, compared to analyst estimates of $215.89 million. Sprinklr had a net margin of 3.29% and a return on equity of 8.13%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Sprinklr has set its FY 2027 guidance at 0.480-0.490 EPS and its Q2 2027 guidance at 0.100-0.100 EPS. Research analysts predict that Sprinklr, Inc. will post 0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CXM shares. Wall Street Zen upgraded Sprinklr from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Rosenblatt Securities decreased their price objective on Sprinklr from $12.00 to $8.50 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Citigroup cut their target price on Sprinklr from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Weiss Ratings lowered Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 30th. Finally, Morgan Stanley lowered their price target on shares of Sprinklr from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Sprinklr presently has a consensus rating of “Hold” and a consensus price target of $7.79.

Hedge Funds Weigh In On Sprinklr

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CXM. Aster Capital Management DIFC Ltd raised its holdings in shares of 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 acquiring an additional 1,940 shares in the last quarter. Summit Securities Group LLC grew its holdings in shares of Sprinklr by 210.8% during the first quarter. Summit Securities Group LLC now owns 4,572 shares of the company’s stock worth $27,000 after purchasing an additional 3,101 shares in the last quarter. Essential Partners LLC grew 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 purchasing an additional 3,771 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Sprinklr by 24,370.6% in the third quarter. Larson Financial Group LLC now owns 4,160 shares of the company’s stock worth $32,000 after purchasing an additional 4,143 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Sprinklr in the fourth quarter worth approximately $38,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

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.