S Squared Technology LLC Increases Position in Sprinklr, Inc. $CXM

Key Points

• S Squared Technology LLC increased its stake in Sprinklr, Inc. by 78%, now holding 445,039 shares valued at approximately $3.7 million, making it the firm's 21st largest holding.
• Sprinklr reported a quarterly earnings per share of $0.13, surpassing analyst expectations of $0.10, with a revenue of $212.04 million for the quarter.
• Insider sales saw significant activity, with 9.6 million shares sold recently, equating to over $78 million in transactions by corporate insiders.

S Squared Technology LLC lifted its holdings in Sprinklr, Inc. (NYSE:CXM - Free Report) by 78.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,039 shares of the company's stock after purchasing an additional 195,039 shares during the period. Sprinklr comprises about 1.9% of S Squared Technology LLC's portfolio, making the stock its 21st largest holding. S Squared Technology LLC owned 0.17% of Sprinklr worth $3,716,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CXM. Caxton Associates LLP acquired a new position in shares of Sprinklr during the 1st quarter worth approximately $287,000. PharVision Advisers LLC acquired a new stake in Sprinklr during the first quarter worth about $190,000. Millennium Management LLC raised its stake in Sprinklr by 4.6% during the first quarter. Millennium Management LLC now owns 581,361 shares of the company's stock worth $4,854,000 after purchasing an additional 25,609 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Sprinklr by 2.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company's stock valued at $988,000 after buying an additional 2,478 shares during the period. Finally, Quarry LP increased its holdings in shares of Sprinklr by 5,071.8% during the 1st quarter. Quarry LP now owns 7,706 shares of the company's stock worth $64,000 after buying an additional 7,557 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Jacob Scott sold 62,422 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $7.99, for a total transaction of $498,751.78. Following the sale, the general counsel owned 441,664 shares of the company's stock, valued at approximately $3,528,895.36. This trade represents a 12.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ragy Thomas sold 3,000,000 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $8.37, for a total transaction of $25,110,000.00. Following the completion of the transaction, the director directly owned 766,217 shares in the company, valued at $6,413,236.29. This trade represents a 79.66% 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. 60.53% of the stock is owned by insiders.

Sprinklr Stock Down 2.2%

CXM stock traded down $0.17 during midday trading on Friday, hitting $7.73. The company's stock had a trading volume of 2,183,599 shares, compared to its average volume of 2,264,913. The firm has a 50-day simple moving average of $8.56 and a 200-day simple moving average of $8.31. The firm has a market capitalization of $2.00 billion, a P/E ratio of 17.18 and a beta of 0.81. Sprinklr, Inc. has a 52-week low of $6.75 and a 52-week high of $9.69.

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

Analyst Upgrades and Downgrades

CXM has been the subject of several analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 price objective on shares of Sprinklr in a research report on Thursday, September 4th. Wall Street Zen upgraded Sprinklr from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Wells Fargo & Company upped their target price on shares of Sprinklr from $6.00 to $7.00 and gave the company an "underweight" rating in a research report on Thursday, June 5th. Barclays lowered their target price on shares of Sprinklr from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Wednesday, September 3rd. Finally, JMP Securities reissued a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a research note on Friday, June 27th. Two investment 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. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $10.00.

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.