Sprinklr, Inc. $CXM Shares Sold by Private Management Group Inc.

Key Points

• Private Management Group cut its Sprinklr stake by 22.4% in the third quarter, selling 1.31 million shares and retaining about 4.53 million shares, worth approximately $22.4 million.
• Sprinklr reported quarterly EPS of $0.11, beating the $0.10 consensus, while revenue of $213.74 million slightly missed estimates. Revenue grew 0.8% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $8.21. Insiders sold 508,207 shares worth about $2.77 million over the past 90 days.

Private Management Group Inc. trimmed its holdings in shares of Sprinklr, Inc. (NYSE:CXM - Free Report) by 22.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,530,364 shares of the company's stock after selling 1,308,840 shares during the period. Private Management Group Inc. owned approximately 1.95% of Sprinklr worth $22,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CXM. Essential Partners LLC boosted its position in Sprinklr by 563.7% during the 1st quarter. Essential Partners LLC now owns 4,440 shares of the company's stock worth $27,000 after acquiring an additional 3,771 shares during the period. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Sprinklr by 87.5% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 5,133 shares of the company's stock valued at $25,000 after purchasing an additional 2,396 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Sprinklr in the second quarter worth approximately $31,000. Optiver Holding B.V. lifted its position in shares of Sprinklr by 3,311.2% in the first quarter. Optiver Holding B.V. now owns 6,993 shares of the company's stock worth $42,000 after purchasing an additional 6,788 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Sprinklr by 42.6% in the first quarter. Parallel Advisors LLC now owns 7,265 shares of the company's stock worth $44,000 after purchasing an additional 2,171 shares in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sprinklr

In other news, insider Joy Corso sold 34,153 shares of Sprinklr stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $189,549.15. Following the sale, the insider directly owned 1,141,463 shares in the company, valued at $6,335,119.65. This trade represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rory Read sold 203,666 shares of the business's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $5.17, for a total transaction of $1,052,953.22. Following the completion of the sale, the chief executive officer directly owned 3,069,659 shares in the company, valued at approximately $15,870,137.03. This represents a 6.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 508,207 shares of company stock worth $2,773,654. 25.18% of the stock is currently owned by corporate insiders.

Sprinklr Stock Performance

NYSE CXM opened at $6.58 on Tuesday. The stock has a fifty day moving average of $5.96 and a 200-day moving average of $5.85. The stock has a market capitalization of $1.53 billion, a P/E ratio of 65.76 and a beta of 0.67. Sprinklr, Inc. has a 52 week low of $4.72 and a 52 week high of $8.27.

Sprinklr (NYSE:CXM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The business had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. Equities research analysts forecast that Sprinklr, Inc. will post 0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CXM. Wall Street Zen raised shares of Sprinklr from a "hold" rating to a "buy" rating in a research report on Monday, October 19th. Cantor Fitzgerald reiterated a "neutral" rating on shares of Sprinklr in a research report on Thursday, September 3rd. Citizens Jmp reiterated a "market outperform" rating and issued a $11.00 target price on shares of Sprinklr in a research report on Monday, September 21st. Morgan Stanley lifted their target price on shares of Sprinklr from $7.00 to $8.00 and gave the company an "equal weight" rating in a research note on Thursday, September 3rd. Finally, UBS Group set a $7.50 price target on shares of Sprinklr in a research note on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.21.

Sprinklr Company Profile

Sprinklr, Inc develops customer experience management software for businesses. Its cloud-based platform brings together tools for managing customer interactions across digital channels, including social media, messaging, and other online touchpoints.

The company's products support activities such as social media management, digital marketing, customer service, and customer and market insights. Sprinklr also incorporates artificial intelligence into its platform to help organizations analyze conversations and manage customer engagement.

Founded in 2009 by Ragy Thomas, Sprinklr serves large organizations across global markets.

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