Insider Selling: Sprinklr (NYSE:CXM) CEO Sells 203,666 Shares of Company Stock

Key Points

• CEO Rory Read sold 203,666 Sprinklr shares at an average price of $5.17, generating approximately $1.05 million. The Rule 10b5-1 transaction reduced his stake by 6.22%, leaving him with 3,069,659 shares.
• Sprinklr recently reported quarterly EPS of $0.11, exceeding analysts’ $0.10 estimate, while revenue of $213.74 million slightly missed expectations. Year-over-year revenue increased 0.8%.
• Shares traded near $5.21, below the analyst consensus price target of $8.21; analysts’ overall rating is Hold, with three Buy, three Hold, and one Sell rating.

Sprinklr, Inc. (NYSE:CXM - Get Free Report) 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 value of $1,052,953.22. Following the completion of the transaction, the chief executive officer owned 3,069,659 shares of the company's stock, valued at $15,870,137.03. This represents a 6.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sprinklr Price Performance

Shares of Sprinklr stock traded up $0.01 during trading on Monday, hitting $5.21. 2,487,826 shares of the company's stock traded hands, compared to its average volume of 3,442,288. Sprinklr, Inc. has a 1 year low of $4.72 and a 1 year high of $8.27. The business has a 50-day simple moving average of $6.31 and a 200-day simple moving average of $5.75. The stock has a market capitalization of $1.21 billion, a P/E ratio of 52.15 and a beta of 0.77.

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

Institutional Investors Weigh In On Sprinklr

A number of hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in Sprinklr by 42.6% in the 1st quarter. Parallel Advisors LLC now owns 7,265 shares of the company's stock worth $44,000 after purchasing an additional 2,171 shares during the period. Summit Securities Group LLC grew its holdings in Sprinklr by 210.8% during the first quarter. Summit Securities Group LLC now owns 4,572 shares of the company's stock valued at $27,000 after purchasing an additional 3,101 shares during the period. Essential Partners LLC increased its position in Sprinklr by 563.7% in the first quarter. Essential Partners LLC now owns 4,440 shares of the company's stock worth $27,000 after buying an additional 3,771 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Sprinklr by 12.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 50,473 shares of the company's stock worth $302,000 after buying an additional 5,610 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Sprinklr by 2.5% in the first quarter. Swiss National Bank now owns 244,600 shares of the company's stock worth $1,468,000 after buying an additional 5,900 shares during the period. Institutional investors own 40.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CXM shares. Rosenblatt Securities reiterated a "buy" rating and set a $8.50 target price on shares of Sprinklr in a research note on Thursday, September 3rd. UBS Group set a $7.50 price objective on Sprinklr in a report on Thursday, September 3rd. Cantor Fitzgerald reiterated a "neutral" rating on shares of Sprinklr in a research report on Thursday, September 3rd. Weiss Ratings raised Sprinklr from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 5th. Finally, Citizens Jmp reaffirmed a "market outperform" rating and set a $11.00 price target on shares of Sprinklr in a research report on Monday, September 21st. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $8.21.

About Sprinklr

Sprinklr, Inc is a software company that provides a unified customer experience management (CXM) platform for enterprises and government organizations. Its cloud-based solutions help organizations manage customer interactions across digital channels, social media, contact centers and other communication touchpoints from a common platform.

The company's offerings include customer service and contact-center tools, social media management, digital engagement, marketing and advertising capabilities, customer feedback, and artificial intelligence-powered analytics and insights.

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