Sprinklr (NYSE:CXM) CEO Rory Read Sells 145,865 Shares

Sprinklr, Inc. (NYSE:CXM) CEO Rory Read sold 145,865 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were 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 approximately $18,166,953.75. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sprinklr Price Performance

NYSE CXM opened at $5.62 on Friday. Sprinklr, Inc. has a 1 year low of $4.72 and a 1 year high of $8.27. The firm 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 $5.80.

Sprinklr (NYSE:CXM) last announced its 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. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The company had revenue of $213.74 million during the quarter, compared to the consensus estimate of $214.45 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue for the quarter was up .8% on a year-over-year basis. 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, research analysts anticipate that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.

Key Stories Impacting Sprinklr

Here are the key news stories impacting Sprinklr this week:

• Positive Sentiment: Sprinklr’s latest earnings call emphasized momentum in its artificial-intelligence offerings, providing a potential growth catalyst. The company also slightly exceeded quarterly EPS expectations, although revenue came in just below consensus. Sprinklr Earnings Call: AI Momentum Amid Services Drag
• Neutral Sentiment: Seven executives and directors, including CEO Rory Read, CTO Amitabh Misra and director Ragy Thomas, sold a combined approximately 288,000 shares for about $1.61 million. The filings state that the sales were primarily made to cover tax withholding on vested equity awards; Misra’s transactions were also conducted under a pre-arranged Rule 10b5-1 plan. Because the sales were not discretionary open-market disposals, they are less bearish than ordinary insider selling, though the concentration of transactions may weigh on sentiment. SEC insider transaction filing
• Negative Sentiment: The earnings call identified a drag from services, while year-over-year revenue growth remained minimal at approximately 0.8%. That subdued growth and the company’s still-elevated valuation relative to its modest expansion could limit enthusiasm despite the AI opportunity. Sprinklr Earnings Call: AI Momentum Amid Services Drag

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup restated a “market outperform” rating on shares of Sprinklr in a research note on Monday. Morgan Stanley increased their price target on Sprinklr from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. Cantor Fitzgerald reiterated a “neutral” rating on shares of Sprinklr in a report on Thursday, September 3rd. UBS Group set a $7.50 price target on Sprinklr in a report on Thursday, September 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $8.50 price objective on shares of Sprinklr in a research report on Thursday, September 3rd. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sprinklr has an average rating of “Hold” and a consensus price target of $8.21.

Institutional Trading of Sprinklr

A number of large investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted 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 acquiring an additional 8,322 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Sprinklr during the 2nd quarter worth approximately $645,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Sprinklr during the 2nd quarter worth approximately $31,000. Compass Financial Management LLC purchased a new stake in shares of Sprinklr during the 2nd quarter worth approximately $52,000. Finally, Syon Capital LLC bought a new stake in shares of Sprinklr in the 2nd quarter worth approximately $131,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

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.