Insider Selling: Sprinklr (NYSE:CXM) General Counsel Sells $144,821.70 in Stock

Sprinklr, Inc. (NYSE:CXM) General Counsel Jacob Scott sold 26,094 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $144,821.70. Following the sale, the general counsel directly owned 550,733 shares in the company, valued at $3,056,568.15. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jacob Scott also recently made the following trade(s):

• On Monday, August 10th, Jacob Scott sold 71,585 shares of Sprinklr stock. The shares were sold at an average price of $6.97, for a total transaction of $498,947.45.
• On Monday, June 22nd, Jacob Scott sold 2,724 shares of Sprinklr stock. The stock was sold at an average price of $4.97, for a total transaction of $13,538.28.

Sprinklr Stock Up 0.6%

Sprinklr stock traded up $0.04 during mid-day trading on Thursday, reaching $5.62. 2,824,332 shares of the company’s stock traded hands, compared to its average volume of 3,465,094. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 56.26 and a beta of 0.65. The stock has a 50 day moving average of $6.42 and a two-hundred day moving average of $5.81. Sprinklr, Inc. has a 12-month low of $4.72 and a 12-month high of $8.27.

Sprinklr (NYSE:CXM) last issued 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 business had revenue of $213.74 million during the quarter, compared to analysts’ expectations of $214.45 million. During the same period last year, the company posted $0.13 EPS. The business’s revenue was up .8% on a year-over-year basis. 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, sell-side analysts forecast that Sprinklr, Inc. will post 0.23 earnings per share for the current year.

Hedge Funds Weigh In On Sprinklr

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in Sprinklr by 84.9% in the 1st quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock worth $50,265,000 after purchasing an additional 3,846,652 shares during the period. Jefferies Financial Group Inc. lifted its stake in Sprinklr by 19.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,590,002 shares of the company’s stock worth $43,490,000 after purchasing an additional 908,002 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sprinklr by 19.8% during the first 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 period. Private Management Group Inc. grew its stake in shares of Sprinklr by 1,249.3% during the fourth quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock valued at $18,768,000 after buying an additional 2,233,542 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Sprinklr by 3.9% during the first 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. 40.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on CXM shares. Cantor Fitzgerald reiterated a “neutral” rating on shares of Sprinklr in a research report on Thursday, September 3rd. Wall Street Zen lowered Sprinklr from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. DA Davidson lifted their target price on Sprinklr from $6.00 to $6.50 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Citigroup reissued a “market outperform” rating on shares of Sprinklr in a research report on Monday. Finally, Morgan Stanley increased 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. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.