Sprinklr, Inc. (NYSE:CXM – Get Free Report) insider Karthik Suri sold 23,507 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total value of $124,587.10. Following the completion of the sale, the insider owned 1,153,324 shares of the company’s stock, valued at $6,112,617.20. The trade was a 2.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.
Karthik Suri also recently made the following trade(s):
- On Wednesday, June 17th, Karthik Suri sold 41,852 shares of Sprinklr stock. The shares were sold at an average price of $5.14, for a total value of $215,119.28.
Sprinklr Stock Performance
NYSE:CXM traded down $0.07 during trading hours on Thursday, hitting $5.05. 8,248,694 shares of the company’s stock traded hands, compared to its average volume of 3,423,870. The firm has a market cap of $1.18 billion, a P/E ratio of 42.12 and a beta of 0.59. Sprinklr, Inc. has a twelve month low of $4.72 and a twelve month high of $9.40. The stock’s fifty day moving average price is $5.31 and its two-hundred day moving average price is $6.16.
Sprinklr News Summary
Here are the key news stories impacting Sprinklr this week:
- Positive Sentiment: Sprinklr recently reported quarterly earnings of $0.11 per share, topping analyst expectations of $0.10, and revenue of $219.48 million also came in above estimates. The company said quarterly revenue rose 6.8% year over year, which supports the longer-term business outlook.
- Neutral Sentiment: ResultsCX, a customer experience management peer, announced Great Place To Work certification across eight countries. This is not a direct update on Sprinklr, but it highlights continued activity and recognition in the broader CXM sector.
- Negative Sentiment: Multiple Sprinklr insiders, including CEO Rory P. Read, CTO Amitabh Misra, General Counsel Jacob Scott, and directors/executives Karthik Suri, Joy Corso, Sanjay Macwan, and Ragy Thomas, sold shares in recent filings. While the company said the sales were mainly tied to tax withholding from vested equity awards and some were executed under 10b5-1 plans, the cluster of sales can still weigh on investor sentiment. CEO insider filing
- Negative Sentiment: A shareholder class action notice from Robbins LLP suggests continued legal overhang for Sprinklr, which may add to pressure on the stock. Class action notice
Analyst Ratings Changes
A number of brokerages recently commented on CXM. Citizens Jmp lowered their price objective on shares of Sprinklr from $17.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Thursday, March 12th. 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. Weiss Ratings downgraded shares of Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 30th. Rosenblatt Securities dropped their price target on shares of Sprinklr from $12.00 to $8.50 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Finally, DA Davidson cut their price objective on Sprinklr from $6.25 to $6.00 and set a “neutral” rating for the company in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Sprinklr presently has a consensus rating of “Hold” and a consensus target price of $7.79.
View Our Latest Stock Report on CXM
Institutional Investors Weigh In On Sprinklr
Several large investors have recently made changes to their positions in CXM. Aster Capital Management DIFC Ltd increased its holdings in Sprinklr by 148.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,243 shares of the company’s stock worth $25,000 after buying an additional 1,940 shares during the last quarter. Summit Securities Group LLC raised its position in Sprinklr by 210.8% during 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 in the last quarter. Essential Partners LLC lifted its stake in Sprinklr by 563.7% in the first quarter. Essential Partners LLC now owns 4,440 shares of the company’s stock valued at $27,000 after acquiring an additional 3,771 shares during the last quarter. Larson Financial Group LLC lifted its stake in Sprinklr by 24,370.6% in the third quarter. Larson Financial Group LLC now owns 4,160 shares of the company’s stock valued at $32,000 after acquiring an additional 4,143 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in Sprinklr in the fourth quarter worth approximately $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.
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