Sprinklr (NYSE:CXM) Insider Sells $189,549.15 in Stock

Sprinklr, Inc. (NYSE:CXM) insider Joy Corso sold 34,153 shares of the business’s stock in a transaction dated 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 directly owned 1,141,463 shares of the company’s stock, valued at approximately $6,335,119.65. The trade was a 2.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sprinklr Stock Performance

Shares of CXM traded up $0.04 during mid-day trading on Thursday, reaching $5.62. The company had a trading volume of 2,824,332 shares, compared to its average volume of 3,465,094. The company’s 50 day simple moving average is $6.42 and its 200 day simple moving average is $5.81. Sprinklr, Inc. has a 1-year low of $4.72 and a 1-year high of $8.27. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 56.26 and a beta of 0.65.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. As a group, equities analysts forecast that Sprinklr, Inc. will post 0.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Cantor Fitzgerald reissued a “neutral” rating on shares of Sprinklr in a report on Thursday, September 3rd. DA Davidson boosted their price objective on Sprinklr from $6.00 to $6.50 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. UBS Group set a $7.50 price objective on Sprinklr in a research report on Thursday, September 3rd. Finally, Morgan Stanley upped their target price on Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sprinklr has an average rating of “Hold” and a consensus price target of $8.21.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors have recently added to or reduced their stakes in CXM. Summit Securities Group LLC increased its position in Sprinklr by 210.8% in the 1st quarter. Summit Securities Group LLC now owns 4,572 shares of the company’s stock valued at $27,000 after acquiring an additional 3,101 shares during the period. Essential Partners LLC raised its stake in shares of Sprinklr by 563.7% during the first 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 last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Sprinklr during the second quarter worth $31,000. Optiver Holding B.V. lifted its holdings in shares of Sprinklr by 3,311.2% during the first quarter. Optiver Holding B.V. now owns 6,993 shares of the company’s stock worth $42,000 after purchasing an additional 6,788 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of 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 purchasing an additional 2,171 shares during the last quarter. 40.19% of the stock is owned by institutional investors.

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.