Joy Corso Sells 33,635 Shares of Sprinklr (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) insider Joy Corso sold 33,635 shares of Sprinklr stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $5.30, for a total value of $178,265.50. Following the completion of the transaction, the insider directly owned 1,175,616 shares in the company, valued at $6,230,764.80. This represents a 2.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sprinklr Price Performance

NYSE CXM traded down $0.07 on Thursday, hitting $5.05. 8,248,694 shares of the company were exchanged, compared to its average volume of 3,423,870. Sprinklr, Inc. has a twelve month low of $4.72 and a twelve month high of $9.40. The firm has a market capitalization of $1.18 billion, a P/E ratio of 42.12 and a beta of 0.59. The company’s 50 day moving average price is $5.31 and its 200-day moving average price is $6.16.

Sprinklr (NYSE:CXM) last announced its earnings results 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 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 analysts’ expectations of $215.89 million. During the same period last year, the company posted $0.12 earnings per share. The business’s revenue for the quarter 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. As a group, equities analysts expect that Sprinklr, Inc. will post 0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CXM. Citigroup cut their target price on shares of Sprinklr from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Weiss Ratings cut Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 30th. Citizens Jmp lowered their price target on 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 dropped their price target on Sprinklr from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. Finally, DA Davidson reduced their price objective on Sprinklr from $6.25 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.79.

Sprinklr News Summary

Here are the key news stories impacting Sprinklr this week:

• Positive Sentiment: Sprinklr recently reported quarterly earnings of $0.11 per share, topping analyst expectations of $0.10, and revenue of $219.48 million also came in above estimates. The company said quarterly revenue rose 6.8% year over year, which supports the longer-term business outlook.
• Neutral Sentiment: ResultsCX, a customer experience management peer, announced Great Place To Work certification across eight countries. This is not a direct update on Sprinklr, but it highlights continued activity and recognition in the broader CXM sector.
• Negative Sentiment: Multiple Sprinklr insiders, including CEO Rory P. Read, CTO Amitabh Misra, General Counsel Jacob Scott, and directors/executives Karthik Suri, Joy Corso, Sanjay Macwan, and Ragy Thomas, sold shares in recent filings. While the company said the sales were mainly tied to tax withholding from vested equity awards and some were executed under 10b5-1 plans, the cluster of sales can still weigh on investor sentiment. CEO insider filing
• Negative Sentiment: A shareholder class action notice from Robbins LLP suggests continued legal overhang for Sprinklr, which may add to pressure on the stock. Class action notice

Institutional Investors Weigh In On Sprinklr

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of Sprinklr by 11,204.2% in the 4th quarter. SG Americas Securities LLC now owns 4,530,827 shares of the company’s stock valued at $35,250,000 after buying an additional 4,490,746 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Sprinklr by 41.8% in 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 acquiring an additional 315,953 shares during the last quarter. Vanguard Group Inc. grew its position in Sprinklr by 20.3% in the third quarter. Vanguard Group Inc. now owns 17,571,641 shares of the company’s stock worth $135,653,000 after acquiring an additional 2,966,556 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Sprinklr during the 3rd quarter worth $6,997,000. Finally, Bullseye Asset Management LLC raised its holdings in shares of Sprinklr by 142.5% during the 3rd quarter. Bullseye Asset Management LLC now owns 481,701 shares of the company’s stock valued at $3,719,000 after purchasing an additional 283,031 shares in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Company Profile

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.