Sprinklr (NYSE:CXM) Shares Down 5.4% – Here’s What Happened

Sprinklr, Inc. (NYSE:CXM)’s share price was down 5.4% on Tuesday . The stock traded as low as $7.71 and last traded at $7.7650. Approximately 2,613,617 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 3,358,836 shares. The stock had previously closed at $8.21.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CXM. Rosenblatt Securities decreased their target price on shares of Sprinklr from $12.00 to $8.50 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Weiss Ratings upgraded shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. DA Davidson reduced their price target on Sprinklr from $6.25 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Finally, Citigroup lowered their price objective on Sprinklr from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.79.

Sprinklr Price Performance

The firm’s 50-day simple moving average is $6.25 and its 200 day simple moving average is $5.77. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 63.67 and a beta of 0.58.

Sprinklr (NYSE:CXM) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Sprinklr had a return on equity of 8.13% and a net margin of 3.29%.The company had revenue of $219.48 million during the quarter, compared to analysts’ expectations of $215.89 million. During the same quarter in the previous year, the firm earned $0.12 EPS. Sprinklr’s revenue was up 6.8% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.480-0.490 EPS and its Q2 2027 guidance at 0.100-0.100 EPS. As a group, research analysts predict that Sprinklr, Inc. will post 0.23 earnings per share for the current year.

Insiders Place Their Bets

In other news, General Counsel Jacob Scott sold 71,585 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $6.97, for a total transaction of $498,947.45. Following the completion of the transaction, the general counsel directly owned 576,827 shares in the company, valued at approximately $4,020,484.19. This represents a 11.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Amitabh Misra sold 29,180 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total value of $154,654.00. Following the completion of the transaction, the chief technology officer owned 854,779 shares of the company’s stock, valued at $4,530,328.70. The trade was a 3.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 395,880 shares of company stock worth $2,210,116 over the last 90 days. Insiders own 25.18% of the company’s stock.

Institutional Trading of Sprinklr

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in shares of Sprinklr by 84.9% during the 1st quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock valued at $50,265,000 after acquiring an additional 3,846,652 shares during the period. Morgan Stanley increased its stake in Sprinklr by 3.5% in the fourth quarter. Morgan Stanley now owns 7,568,609 shares of the company’s stock valued at $58,884,000 after purchasing an additional 252,552 shares in the last quarter. Jefferies Financial Group Inc. increased its stake in Sprinklr by 19.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,590,002 shares of the company’s stock valued at $43,490,000 after purchasing an additional 908,002 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sprinklr by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,722,671 shares of the company’s stock valued at $21,187,000 after purchasing an additional 21,321 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 438,083 shares during the period. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Company Profile

Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.