Sprinklr (NYSE:CXM) CEO Rory Read Sells 143,654 Shares

Sprinklr, Inc. (NYSE:CXM) CEO Rory Read sold 143,654 shares of Sprinklr stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total value of $761,366.20. Following the completion of the transaction, the chief executive officer owned 3,419,190 shares of the company’s stock, valued at $18,121,707. The trade was a 4.03% decrease in their position. The sale was disclosed in a document filed 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

CXM stock opened at $5.05 on Friday. The company’s 50 day moving average price is $5.30 and its 200 day moving average price is $6.14. The firm has a market capitalization 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 results on Wednesday, June 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Sprinklr had a net margin of 3.29% and a return on equity of 8.13%. The company had revenue of $219.48 million during the quarter, compared to the consensus estimate of $215.89 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.480-0.490 EPS and its Q2 2027 guidance at 0.100-0.100 EPS. Equities analysts forecast that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.

Key Sprinklr News

Here are the key news stories impacting Sprinklr this week:

• Positive Sentiment: Sprinklr’s recent quarterly results beat expectations, with EPS of $0.11 versus consensus of $0.10 and revenue of $219.48 million topping estimates, which supports the underlying investment case.
• Neutral Sentiment: Several insider sales were executed under pre-arranged Rule 10b5-1 plans and were reportedly made to cover tax withholding obligations related to equity award vesting, reducing the likelihood they reflect a sudden change in management’s outlook.
• Negative Sentiment: The CEO sold 143,654 shares and several other insiders also sold meaningful blocks of stock, which can signal caution to investors and add short-term pressure on the share price.
• Negative Sentiment: A shareholder notice about a class action against Sprinklr may keep legal and governance concerns in focus, adding another potential overhang on sentiment. Article Title

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CXM. Citigroup cut their price target 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. Citizens Jmp decreased their price objective on shares of Sprinklr from $17.00 to $11.00 and set a “market outperform” rating on the stock in a report on Thursday, March 12th. Morgan Stanley lowered their target price on shares of Sprinklr from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. Rosenblatt Securities dropped their target price on shares of Sprinklr from $12.00 to $8.50 and set a “buy” rating for the company in a report on Thursday, June 4th. Finally, Weiss Ratings downgraded shares of Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 30th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.79.

Institutional Trading of Sprinklr

A number of institutional investors and hedge funds have recently bought and sold shares of CXM. SG Americas Securities LLC grew its holdings in Sprinklr by 11,204.2% in the fourth quarter. SG Americas Securities LLC now owns 4,530,827 shares of the company’s stock worth $35,250,000 after purchasing an additional 4,490,746 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Sprinklr by 41.8% during the third quarter. First Eagle Investment Management LLC now owns 1,071,681 shares of the company’s stock valued at $8,273,000 after purchasing an additional 315,953 shares during the last quarter. Vanguard Group Inc. lifted 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 valued at $135,653,000 after purchasing an additional 2,966,556 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Sprinklr in the 3rd quarter worth approximately $6,997,000. Finally, Bullseye Asset Management LLC boosted its position in shares of Sprinklr by 142.5% in the 3rd quarter. Bullseye Asset Management LLC now owns 481,701 shares of the company’s stock worth $3,719,000 after purchasing an additional 283,031 shares in the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

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.