Insider Selling: Sprinklr (NYSE:CXM) CEO Sells $1,052,953.22 in Stock

Sprinklr, Inc. (NYSE:CXM) CEO Rory Read sold 203,666 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $5.17, for a total value of $1,052,953.22. Following the completion of the transaction, the chief executive officer directly owned 3,069,659 shares of the company’s stock, valued at $15,870,137.03. The trade was a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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.

Sprinklr Stock Performance

NYSE:CXM opened at $5.19 on Thursday. Sprinklr, Inc. has a 52-week low of $4.72 and a 52-week high of $8.27. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 51.89 and a beta of 0.77. The business’s fifty day moving average is $6.24 and its 200 day moving average is $5.74.

Sprinklr (NYSE:CXM) last issued its 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 business had revenue of $213.74 million during the quarter, compared to the consensus estimate of $214.45 million. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company 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. Equities analysts predict that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CXM shares. 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 upgraded shares of Sprinklr from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Morgan Stanley raised their price target on shares of Sprinklr from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. Rosenblatt Securities restated a “buy” rating and set a $8.50 price target on shares of Sprinklr in a research report on Thursday, September 3rd. Finally, UBS Group set a $7.50 price target on shares of Sprinklr in a report on Thursday, September 3rd. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its stake in 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 purchasing an additional 8,322 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Sprinklr in the 2nd quarter worth approximately $645,000. Integrated Wealth Concepts LLC purchased a new position in Sprinklr in the 2nd quarter worth approximately $31,000. Compass Financial Management LLC bought a new position in shares of Sprinklr in the 2nd quarter worth $52,000. Finally, Syon Capital LLC bought a new position in shares of Sprinklr in the 2nd quarter worth $131,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

About Sprinklr

Sprinklr, Inc is a software company that provides a unified customer experience management (CXM) platform for enterprises and government organizations. Its cloud-based solutions help organizations manage customer interactions across digital channels, social media, contact centers and other communication touchpoints from a common platform.

The company’s offerings include customer service and contact-center tools, social media management, digital engagement, marketing and advertising capabilities, customer feedback, and artificial intelligence-powered analytics and insights.