Insider Selling: Sprinklr (NYSE:CXM) CEO Sells 203,666 Shares of Company Stock

Sprinklr, Inc. (NYSE:CXM) CEO Rory Read sold 203,666 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $5.17, for a total transaction of $1,052,953.22. Following the sale, the chief executive officer owned 3,069,659 shares in the company, valued at approximately $15,870,137.03. The trade was a 6.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sprinklr Stock Performance

Shares of CXM traded up $0.01 during mid-day trading on Monday, reaching $5.21. The stock had a trading volume of 2,487,826 shares, compared to its average volume of 3,442,288. The business has a fifty day moving average of $6.31 and a 200 day moving average of $5.75. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 52.15 and a beta of 0.77. Sprinklr, Inc. has a 12 month low of $4.72 and a 12 month high of $8.27.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data 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 firm had revenue of $213.74 million for the quarter, compared to the consensus estimate of $214.45 million. During the same period last year, the firm earned $0.13 EPS. The company’s revenue 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 forecast that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Trading of Sprinklr

Several hedge funds have recently modified their holdings of the company. Globeflex Capital L P purchased a new position in Sprinklr in the second quarter worth about $1,310,000. Dimensional Fund Advisors LP boosted its position in shares of Sprinklr by 19.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock valued at $15,891,000 after buying an additional 438,083 shares during the period. SG Americas Securities LLC grew its stake in shares of Sprinklr by 84.9% during the first quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock valued at $50,265,000 after buying an additional 3,846,652 shares during the last quarter. Private Management Group Inc. grew its stake in shares of Sprinklr by 1,249.3% during the fourth quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock valued at $18,768,000 after buying an additional 2,233,542 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Sprinklr by 966.8% in the first quarter. Quantinno Capital Management LP now owns 248,193 shares of the company’s stock worth $1,489,000 after buying an additional 224,928 shares during the period. 40.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Cantor Fitzgerald reiterated a “neutral” rating on shares of Sprinklr in a research report on Thursday, September 3rd. Wall Street Zen upgraded Sprinklr from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson lifted their price objective on shares of Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. UBS Group set a $7.50 price objective on shares of Sprinklr in a research report on Thursday, September 3rd. Finally, Weiss Ratings upgraded shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. 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 stock. According to MarketBeat, Sprinklr presently has an average rating of “Hold” and a consensus target price of $8.21.

About Sprinklr

Sprinklr, Inc is a software company that provides a unified customer experience management (CXM) platform for enterprises and government organizations. Its cloud-based solutions help organizations manage customer interactions across digital channels, social media, contact centers and other communication touchpoints from a common platform.

The company’s offerings include customer service and contact-center tools, social media management, digital engagement, marketing and advertising capabilities, customer feedback, and artificial intelligence-powered analytics and insights.