Sprinklr (NYSE:CXM) CTO Amitabh Misra Sells 29,629 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) CTO Amitabh Misra sold 29,629 shares of the company’s 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 trade represents a 3.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 shares were sold at an average price of $5.73, for a total value of $229,200.00.

Sprinklr Price Performance

CXM traded up $0.04 on Thursday, hitting $5.62. The company had a trading volume of 2,824,332 shares, compared to its average volume of 3,465,094. Sprinklr, Inc. has a 1-year low of $4.72 and a 1-year high of $8.27. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 56.26 and a beta of 0.65. The company’s fifty day moving average price is $6.42 and its 200 day moving average price is $5.81.

Sprinklr (NYSE:CXM) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The business had revenue of $213.74 million during the quarter, compared to the consensus estimate of $214.45 million. During the same period in the prior year, the firm earned $0.13 EPS. Sprinklr’s quarterly revenue was up .8% compared to the same quarter last year. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. On average, sell-side analysts forecast that Sprinklr, Inc. will post 0.23 EPS for the current year.

Institutional Trading of Sprinklr

A number of hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC grew its position in Sprinklr by 44.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,151 shares of the company’s stock worth $140,000 after purchasing an additional 8,322 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Sprinklr during the 2nd quarter worth about $645,000. Integrated Wealth Concepts LLC acquired a new position in shares of Sprinklr during the second quarter valued at about $31,000. Compass Financial Management LLC acquired a new position in shares of Sprinklr during the second quarter valued at about $52,000. Finally, Syon Capital LLC bought a new stake in shares of Sprinklr in the second quarter valued at about $131,000. 40.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CXM shares. Citigroup restated a “market outperform” rating on shares of Sprinklr in a report on Monday. Wall Street Zen lowered Sprinklr from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings raised Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Morgan Stanley increased their target price on Sprinklr from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Thursday, September 3rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.21.

Sprinklr Company Profile

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.