Joy Corso Sells 34,153 Shares of Sprinklr (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) insider Joy Corso sold 34,153 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $189,549.15. Following the transaction, the insider owned 1,141,463 shares in the company, valued at $6,335,119.65. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sprinklr Trading Down 5.4%

Shares of CXM stock opened at $5.32 on Friday. Sprinklr, Inc. has a twelve month low of $4.72 and a twelve month high of $8.27. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 53.16 and a beta of 0.65. The stock has a fifty day simple moving average of $6.42 and a two-hundred day simple moving average of $5.80.

Sprinklr (NYSE:CXM) last announced its quarterly 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. The firm had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. Research analysts predict that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its position in Sprinklr by 44.2% during 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 position in Sprinklr in the second quarter worth $645,000. Integrated Wealth Concepts LLC acquired a new position in shares of Sprinklr during the second quarter worth $31,000. Compass Financial Management LLC acquired a new position in shares of Sprinklr during the second quarter worth $52,000. Finally, Syon Capital LLC acquired a new position in shares of Sprinklr during the second quarter worth $131,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Key Headlines Impacting Sprinklr

Here are the key news stories impacting Sprinklr this week:

• Positive Sentiment: Recent institutional activity included new positions and increased holdings from several investment firms. About 40.19% of Sprinklr’s shares are held by hedge funds and other institutional investors, providing some indication of continued institutional interest.
• Positive Sentiment: Sprinklr’s latest quarterly EPS of $0.11 exceeded analysts’ $0.10 estimate. Management has also highlighted momentum in its artificial-intelligence offerings, while some analysts remain bullish; Rosenblatt Securities has an $8.50 price target and the consensus target is $8.21.
• Neutral Sentiment: CEO Rory Read, CTO Amitabh Misra, General Counsel Jacob Scott, Director Ragy Thomas and another insider sold approximately $1.6 million of shares in transactions conducted around $5.55 per share. The filings state that the sales covered tax obligations related to equity-award vesting; Misra’s transactions were also made under a pre-arranged Rule 10b5-1 plan. The insiders continued to hold substantial positions after the sales. Sprinklr insider selling report
• Negative Sentiment: Revenue rose only 0.8% year over year to $213.74 million and came in slightly below expectations. EPS declined from $0.13 in the comparable period to $0.11, while services remained a drag. Investors may remain cautious until AI-related demand produces faster revenue growth.

Analyst Ratings Changes

CXM has been the subject of several recent research reports. Cantor Fitzgerald restated a “neutral” rating on shares of Sprinklr in a report on Thursday, September 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $8.50 price objective on shares of Sprinklr in a research note on Thursday, September 3rd. DA Davidson increased their target price on Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Morgan Stanley lifted their price target on Sprinklr from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. Finally, Citigroup reissued a “market outperform” rating on shares of Sprinklr in a research report on Monday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.