Sprinklr, Inc. (NYSE:CXM – Get Free Report) CTO Amitabh Misra sold 29,629 shares of Sprinklr stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $164,440.95. Following the sale, the chief technology officer owned 785,150 shares of the company’s stock, valued at approximately $4,357,582.50. This represents a 3.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 Tuesday, September 15th, Amitabh Misra sold 40,000 shares of Sprinklr stock. The stock was sold at an average price of $5.73, for a total transaction of $229,200.00.
Sprinklr Price Performance
Shares of NYSE CXM opened at $5.62 on Friday. The company has a 50-day simple moving average of $6.42 and a 200-day simple moving average of $5.80. The company has a market cap of $1.31 billion, a PE ratio of 56.26 and a beta of 0.65. Sprinklr, Inc. has a 12 month low of $4.72 and a 12 month high of $8.27.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Citigroup reiterated a “market outperform” rating on shares of Sprinklr in a report on Monday. UBS Group set a $7.50 price objective on shares of Sprinklr in a research note on Thursday, September 3rd. Weiss Ratings upgraded Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Sprinklr in a research report on Thursday, September 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $8.50 target price on shares of Sprinklr in a report on Thursday, September 3rd. 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.21.
Read Our Latest Stock Report on Sprinklr
Institutional Trading of Sprinklr
Institutional investors have recently added to or reduced their stakes in the business. Essential Partners LLC raised its position 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 purchasing an additional 3,771 shares during the period. Summit Securities Group LLC boosted its position in shares of Sprinklr by 210.8% in the first quarter. Summit Securities Group LLC now owns 4,572 shares of the company’s stock worth $27,000 after buying an additional 3,101 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Sprinklr in the second quarter valued at about $31,000. Optiver Holding B.V. lifted its position in Sprinklr by 3,311.2% during the 1st quarter. Optiver Holding B.V. now owns 6,993 shares of the company’s stock worth $42,000 after acquiring an additional 6,788 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Sprinklr by 42.6% in 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 during the period. 40.19% of the stock is owned by hedge funds and other institutional investors.
Sprinklr News Roundup
Here are the key news stories impacting Sprinklr this week:
- Positive Sentiment: Sprinklr’s latest earnings call highlighted momentum in its AI offerings, providing a potential growth catalyst. The company also reported quarterly EPS of $0.11, slightly ahead of the $0.10 consensus estimate. Several analysts maintain positive views, including Rosenblatt Securities with an $8.50 price target, while the average analyst price target is $8.21. Sprinklr earnings call
- Neutral Sentiment: CEO Rory Read, CTO Amitabh Misra, General Counsel Jacob Scott, and other executives and directors sold shares totaling roughly $1.6 million. Misra separately sold 40,000 shares for $229,200 and 29,629 shares for $164,441. The filings state that the transactions covered tax-withholding obligations from vested equity awards; Misra’s sales were also made under a pre-arranged Rule 10b5-1 plan. The structured nature of the trades makes them less concerning than discretionary insider selling, although the number of transactions may affect investor sentiment. Sprinklr insider trading report
- Negative Sentiment: Revenue increased only 0.8% year over year to $213.74 million, slightly below analyst expectations, while services remained a drag on results. EPS also declined from $0.13 in the comparable quarter to $0.11. With the stock trading at a relatively high earnings multiple despite limited growth, investors may remain cautious until AI-driven demand produces stronger revenue acceleration. Sprinklr stock analysis
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.
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