Insider Selling: Sprinklr (NYSE:CXM) CEO Sells 258,214 Shares of Stock

Sprinklr, Inc. (NYSE:CXM) CEO Rory Read sold 258,214 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $7.48, for a total transaction of $1,931,440.72. Following the sale, the chief executive officer directly owned 1,879,286 shares of the company’s stock, valued at approximately $14,057,059.28. The trade was a 12.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sprinklr Stock Up 0.6%

Shares of Sprinklr stock traded up $0.05 on Monday, reaching $7.47. The stock had a trading volume of 1,265,323 shares, compared to its average volume of 1,893,997. The stock has a market capitalization of $1.82 billion, a P/E ratio of 16.59 and a beta of 0.78. The company has a 50 day moving average price of $7.76 and a 200 day moving average price of $8.20. Sprinklr, Inc. has a 1 year low of $6.75 and a 1 year high of $9.69.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, September 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. The company had revenue of $212.04 million during the quarter, compared to the consensus estimate of $205.39 million. During the same period last year, the firm earned $0.07 earnings per share. Sprinklr’s revenue was up 7.5% compared to the same quarter last year. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. On average, analysts forecast that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Institutional Trading of Sprinklr

Several large investors have recently made changes to their positions in CXM. Vanguard Group Inc. raised its holdings in shares of Sprinklr by 20.3% during the third quarter. Vanguard Group Inc. now owns 17,571,641 shares of the company’s stock worth $135,653,000 after purchasing an additional 2,966,556 shares during the last quarter. Jefferies Financial Group Inc. grew its position in Sprinklr by 31.6% during the 2nd quarter. Jefferies Financial Group Inc. now owns 4,682,000 shares of the company’s stock worth $39,610,000 after purchasing an additional 1,125,000 shares during the period. Sea Cliff Partners Management LP raised its stake in shares of Sprinklr by 1,174.6% during the 2nd quarter. Sea Cliff Partners Management LP now owns 2,166,792 shares of the company’s stock valued at $18,331,000 after buying an additional 1,996,792 shares during the last quarter. Letko Brosseau & Associates Inc. raised its stake in shares of Sprinklr by 0.7% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 1,760,500 shares of the company’s stock valued at $14,894,000 after buying an additional 11,625 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Sprinklr by 10.3% in the 2nd quarter. Bank of America Corp DE now owns 1,573,516 shares of the company’s stock valued at $13,312,000 after buying an additional 146,380 shares during the period. 40.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CXM has been the topic of several research analyst reports. Wall Street Zen downgraded Sprinklr from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Rosenblatt Securities restated a “buy” rating and set a $12.00 price target on shares of Sprinklr in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sprinklr in a research report on Wednesday, October 8th. Barclays dropped their target price on shares of Sprinklr from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 3rd. Finally, Citigroup cut their price target on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 9th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.00.

About Sprinklr

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.