S Squared Technology LLC Grows 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 raised its holdings in Sprinklr, Inc. (NYSE:CXM - Free Report) by 78.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 445,039 shares of the company's stock after purchasing an additional 195,039 shares during the quarter. Sprinklr accounts for 1.9% of S Squared Technology LLC's investment portfolio, making the stock its 21st largest position. S Squared Technology LLC owned approximately 0.17% of Sprinklr worth $3,716,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Caxton Associates LLP bought a new position in Sprinklr in the 1st quarter valued at $287,000. PharVision Advisers LLC bought a new position in Sprinklr in the 1st quarter valued at $190,000. Millennium Management LLC grew its stake in Sprinklr by 4.6% in the 1st quarter. Millennium Management LLC now owns 581,361 shares of the company's stock valued at $4,854,000 after purchasing an additional 25,609 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 purchasing an additional 2,478 shares during the period. Finally, Quarry LP grew its stake in Sprinklr by 5,071.8% in the 1st quarter. Quarry LP now owns 7,706 shares of the company's stock valued at $64,000 after purchasing an additional 7,557 shares during the period. Institutional investors own 40.19% of the company's stock.

Insiders Place Their Bets

In other Sprinklr 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 value of $498,751.78. Following the completion of the transaction, the general counsel owned 441,664 shares in the company, valued at $3,528,895.36. This trade represents a 12.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ragy Thomas sold 3,000,000 shares of the firm'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 completion of the transaction, the director owned 974,286 shares of the company's stock, valued at approximately $7,735,830.84. This represents a 75.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,561,373 shares of company stock worth $77,660,908 over the last quarter. Insiders own 60.53% of the company's stock.

Sprinklr Stock Performance

NYSE CXM traded down $0.17 during trading hours on Friday, hitting $7.73. The company had a trading volume of 2,183,599 shares, compared to its average volume of 2,269,493. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $9.69. 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 $1.89 billion, a price-to-earnings ratio of 17.18 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.13 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $205.39 million. During the same quarter last year, the company earned $0.07 EPS. The firm's revenue 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, research analysts forecast that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Rosenblatt Securities restated a "buy" rating and issued a $12.00 price objective on shares of Sprinklr in a research note on Thursday, September 4th. Wall Street Zen upgraded Sprinklr from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Cantor Fitzgerald started coverage on Sprinklr in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $8.00 price target for the company. Barclays cut their price target on Sprinklr from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Wednesday, September 3rd. Finally, Morgan Stanley increased their price target on Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.00.

About Sprinklr

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.