Insider Selling: Sprinklr (NYSE:CXM) CTO Sells 40,000 Shares

Sprinklr, Inc. (NYSE:CXM) CTO Amitabh Misra sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $5.73, for a total value of $229,200.00. Following the transaction, the chief technology officer directly owned 814,779 shares in the company, valued at approximately $4,668,683.67. This trade represents a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Wednesday, September 16th, Amitabh Misra sold 29,629 shares of Sprinklr stock. The shares were sold at an average price of $5.55, for a total value of $164,440.95.

Sprinklr Stock Performance

Sprinklr stock traded up $0.04 during mid-day trading on Thursday, reaching $5.62. The stock had a trading volume of 2,824,332 shares, compared to its average volume of 3,465,094. The firm has a market capitalization of $1.31 billion, a PE ratio of 56.26 and a beta of 0.65. Sprinklr, Inc. has a fifty-two week low of $4.72 and a fifty-two week high of $8.27. The stock’s 50-day simple moving average is $6.42 and its 200-day simple moving average is $5.81.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.The company had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. During the same period in the prior year, the firm earned $0.13 earnings per share. Sprinklr’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 forecast that Sprinklr, Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its position in Sprinklr by 84.9% in the 1st 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. Jefferies Financial Group Inc. grew its stake in shares of Sprinklr by 19.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,590,002 shares of the company’s stock worth $43,490,000 after acquiring an additional 908,002 shares in the last quarter. Private Management Group Inc. raised its holdings in shares of Sprinklr by 1,249.3% in the fourth quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock valued at $18,768,000 after purchasing an additional 2,233,542 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sprinklr by 19.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock valued at $15,891,000 after purchasing an additional 438,083 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Sprinklr by 3.9% in the first quarter. Bank of America Corp DE now owns 1,680,846 shares of the company’s stock valued at $10,085,000 after purchasing an additional 62,604 shares during the last quarter. Institutional investors own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CXM shares. Cantor Fitzgerald restated a “neutral” rating on shares of Sprinklr in a report on Thursday, September 3rd. Citigroup reiterated a “market outperform” rating on shares of Sprinklr in a report on Monday. UBS Group set a $7.50 target price on shares of Sprinklr in a research report on Thursday, September 3rd. Morgan Stanley upped their target price on shares of Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Finally, Weiss Ratings raised shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.21.

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.