Insider Selling: Sprinklr (NYSE:CXM) CEO Sells $761,366.20 in Stock

Sprinklr, Inc. (NYSE:CXM) CEO Rory Read sold 143,654 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total transaction of $761,366.20. Following the completion of the transaction, the chief executive officer directly owned 3,419,190 shares in the company, valued at approximately $18,121,707. The trade was a 4.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sprinklr Stock Down 1.3%

CXM stock traded down $0.07 during mid-day trading on Thursday, reaching $5.05. 8,248,694 shares of the company traded hands, compared to its average volume of 3,423,870. The firm’s 50 day moving average price is $5.31 and its 200 day moving average price is $6.16. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 42.12 and a beta of 0.59. Sprinklr, Inc. has a fifty-two week low of $4.72 and a fifty-two week high of $9.40.

Sprinklr (NYSE:CXM) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Sprinklr had a return on equity of 8.13% and a net margin of 3.29%.The firm had revenue of $219.48 million during the quarter, compared to the consensus estimate of $215.89 million. During the same period in the prior year, the business posted $0.12 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Sprinklr has set its FY 2027 guidance at 0.480-0.490 EPS and its Q2 2027 guidance at 0.100-0.100 EPS. On average, analysts anticipate that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Sprinklr

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in Sprinklr by 37.5% during the first quarter. Pacer Advisors Inc. now owns 869,926 shares of the company’s stock worth $5,220,000 after buying an additional 237,216 shares during the last quarter. Parallel Advisors LLC raised its position in Sprinklr by 42.6% in the first quarter. Parallel Advisors LLC now owns 7,265 shares of the company’s stock worth $44,000 after acquiring an additional 2,171 shares during the period. Optiver Holding B.V. boosted its stake in Sprinklr by 3,311.2% in the first quarter. Optiver Holding B.V. now owns 6,993 shares of the company’s stock valued at $42,000 after acquiring an additional 6,788 shares during the last quarter. Lavelle Capital LP purchased a new position in Sprinklr in the first quarter valued at about $607,000. Finally, Essential Partners LLC grew its position in shares of Sprinklr by 563.7% during the 1st quarter. Essential Partners LLC now owns 4,440 shares of the company’s stock valued at $27,000 after acquiring an additional 3,771 shares during the period. 40.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CXM. Rosenblatt Securities cut their price objective on shares of Sprinklr from $12.00 to $8.50 and set a “buy” rating on the stock in a report on Thursday, June 4th. Citigroup lowered their target price on shares of Sprinklr from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, June 4th. DA Davidson dropped their price target on shares of Sprinklr from $6.25 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Weiss Ratings cut shares of Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 30th. Finally, Wall Street Zen upgraded shares of Sprinklr from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.79.

About Sprinklr

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.