Sprinklr (NYSE:CXM) Shares Gap Up After Insider Buying Activity

Sprinklr, Inc. (NYSE:CXM)’s stock price gapped up prior to trading on Friday after an insider bought additional shares in the company. The stock had previously closed at $5.85, but opened at $6.14. Sprinklr shares last traded at $5.9280, with a volume of 318,329 shares traded.

Specifically, Director Stephen Ward, Jr. bought 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was acquired at an average cost of $5.67 per share, with a total value of $850,500.00. Following the completion of the purchase, the director owned 237,088 shares of the company’s stock, valued at $1,344,288.96. This represents a 172.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CXM shares. Morgan Stanley upped their price target on shares of Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 3rd. DA Davidson lifted their price objective on shares of Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Wall Street Zen downgraded shares of Sprinklr from a “buy” rating to a “hold” rating in a research report on Sunday, October 11th. Rosenblatt Securities restated a “buy” rating and set a $8.50 price objective on shares of Sprinklr in a research note on Thursday, September 3rd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Sprinklr in a report on Monday, September 14th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sprinklr has an average rating of “Hold” and a consensus target price of $8.21.

Sprinklr Trading Up 1.8%

The business has a 50 day moving average of $6.13 and a two-hundred day moving average of $5.72. The firm has a market cap of $1.38 billion, a P/E ratio of 59.46 and a beta of 0.77.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The firm had revenue of $213.74 million during the quarter, compared to analysts’ expectations of $214.45 million. During the same period in the previous year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. 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, sell-side analysts predict that Sprinklr, Inc. will post 0.23 EPS for the current year.

Hedge Funds Weigh In On Sprinklr

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its stake 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 worth $50,265,000 after buying an additional 3,846,652 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Sprinklr by 19.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock valued at $15,891,000 after buying an additional 438,083 shares during the last quarter. Bank of America Corp DE grew its stake in Sprinklr by 3.9% in the 1st quarter. Bank of America Corp DE now owns 1,680,846 shares of the company’s stock valued at $10,085,000 after buying an additional 62,604 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Sprinklr by 8.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,329,921 shares of the company’s stock valued at $7,980,000 after buying an additional 108,340 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Sprinklr by 7.9% in the 1st quarter. Principal Financial Group Inc. now owns 978,240 shares of the company’s stock valued at $5,869,000 after acquiring an additional 71,646 shares during the period. 40.19% of the stock is owned by institutional investors.

About Sprinklr

Sprinklr, Inc is a software company that provides a unified customer experience management (CXM) platform for enterprises and government organizations. Its cloud-based solutions help organizations manage customer interactions across digital channels, social media, contact centers and other communication touchpoints from a common platform.

The company’s offerings include customer service and contact-center tools, social media management, digital engagement, marketing and advertising capabilities, customer feedback, and artificial intelligence-powered analytics and insights.