Hsbc Holdings PLC Trims Stake in Sprinklr, Inc. $CXM

Key Points

• Hsbc Holdings PLC reduced its stake in Sprinklr, Inc. by 88.6%, leaving it with only 13,480 shares valued at approximately $113,000.
• Analysts have set varying price targets for Sprinklr, with a consensus rating of "Hold" and an average target of $10.10.
• Insiders have sold a total of 10,143,242 shares worth around $82.7 million in the past three months, indicating significant insider selling activity.

Hsbc Holdings PLC lessened its stake in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 88.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,480 shares of the company's stock after selling 104,989 shares during the period. Hsbc Holdings PLC's holdings in Sprinklr were worth $113,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after acquiring an additional 2,489 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Sprinklr by 69.2% during the first quarter. PNC Financial Services Group Inc. now owns 6,524 shares of the company's stock worth $54,000 after acquiring an additional 2,668 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Sprinklr during the fourth quarter worth about $105,000. Freestone Capital Holdings LLC bought a new stake in Sprinklr during the first quarter worth about $105,000. Finally, Man Group plc bought a new stake in Sprinklr during the fourth quarter worth about $129,000. Institutional investors own 40.19% of the company's stock.

Insider Buying and Selling

In other Sprinklr news, Director Ragy Thomas sold 3,000,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $7.94, for a total value of $23,820,000.00. Following the sale, the director owned 974,286 shares in the company, valued at approximately $7,735,830.84. The trade was a 75.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Manish Sarin sold 174,749 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $9.07, for a total value of $1,584,973.43. Following the sale, the chief financial officer owned 732,421 shares of the company's stock, valued at approximately $6,643,058.47. The trade was a 19.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,561,373 shares of company stock worth $77,660,908 in the last ninety days. Insiders own 60.53% of the company's stock.

Wall Street Analysts Forecast Growth

CXM has been the topic of several analyst reports. Morgan Stanley upped their target price on Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Thursday, June 5th. Wells Fargo & Company upped their target price on Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday, June 5th. Wall Street Zen raised Sprinklr from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Rosenblatt Securities reissued a "buy" rating and set a $12.00 price target on shares of Sprinklr in a research report on Thursday, September 4th. Finally, DA Davidson boosted their price target on Sprinklr from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $10.00.

Sprinklr Stock Up 2.8%

Shares of Sprinklr stock traded up $0.22 on Thursday, hitting $7.93. The stock had a trading volume of 1,503,752 shares, compared to its average volume of 2,237,159. Sprinklr, Inc. has a twelve month low of $6.75 and a twelve month high of $9.69. The business's 50 day moving average is $8.58 and its two-hundred day moving average is $8.32. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 17.61 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $212.04 million for the quarter, compared to the consensus estimate of $205.39 million. Sprinklr had a return on equity of 8.59% and a net margin of 14.64%.The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. As a group, equities analysts predict that Sprinklr, Inc. will post 0.1 earnings per share for the current fiscal year.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.