Insider Selling: Sprinklr (NYSE:CXM) CEO Sells $809,550.75 in Stock

Sprinklr, Inc. (NYSE:CXM – Get Free Report) CEO Rory Read sold 145,865 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $809,550.75. Following the transaction, the chief executive officer owned 3,273,325 shares in the company, valued at $18,166,953.75. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sprinklr Stock Performance

NYSE CXM traded up $0.04 on Thursday, reaching $5.62. 2,824,332 shares of the stock traded hands, compared to its average volume of 3,465,094. Sprinklr, Inc. has a 12 month low of $4.72 and a 12 month high of $8.27. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 56.26 and a beta of 0.65. The company has a fifty day moving average price of $6.42 and a 200-day moving average price of $5.81.

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Sprinklr (NYSE:CXM – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. As a group, research analysts anticipate that Sprinklr, Inc. will post 0.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CXM shares. DA Davidson increased their price objective on shares of Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $8.50 price objective on shares of Sprinklr in a research note on Thursday, September 3rd. Morgan Stanley upped their target price on Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. UBS Group set a $7.50 target price on Sprinklr in a research report on Thursday, September 3rd. Finally, Citigroup reiterated a “market outperform” rating on shares of Sprinklr in a report on Monday. Three investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.21.

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Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CXM. Parallel Advisors LLC boosted its stake in shares of Sprinklr by 42.6% during the 1st quarter. Parallel Advisors LLC now owns 7,265 shares of the company’s stock worth $44,000 after acquiring an additional 2,171 shares in the last quarter. Summit Securities Group LLC increased its stake in shares of Sprinklr by 210.8% in the 1st quarter. Summit Securities Group LLC now owns 4,572 shares of the company’s stock valued at $27,000 after purchasing an additional 3,101 shares in the last quarter. Essential Partners LLC increased its stake in shares of Sprinklr by 563.7% in the 1st quarter. Essential Partners LLC now owns 4,440 shares of the company’s stock valued at $27,000 after purchasing an additional 3,771 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Sprinklr by 12.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,473 shares of the company’s stock worth $302,000 after purchasing an additional 5,610 shares during the period. Finally, Swiss National Bank raised its holdings in Sprinklr by 2.5% in the 1st quarter. Swiss National Bank now owns 244,600 shares of the company’s stock worth $1,468,000 after purchasing an additional 5,900 shares during the period. Institutional investors own 40.19% of the company’s stock.

Sprinklr Company Profile

(Get Free Report)

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.

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