Amitabh Misra Sells 9,244 Shares of Sprinklr (NYSE:CXM) Stock

Key Points

• Amitabh Misra, CTO of Sprinklr, sold 9,244 shares of the company's stock for a total of $71,641, resulting in a 1.53% decrease in his ownership, leaving him with 593,726 shares valued at approximately $4.6 million.
• Sprinklr’s stock is currently trading at $7.90, up by 0.03 from the previous day, with a market cap of $1.93 billion and a P/E ratio of 17.56.
• The company reported a quarterly earnings per share (EPS) of $0.13, exceeding analysts' estimates, with a 7.5% year-over-year revenue growth of $212.04 million.

Sprinklr, Inc. (NYSE:CXM - Get Free Report) CTO Amitabh Misra sold 9,244 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $7.75, for a total transaction of $71,641.00. Following the transaction, the chief technology officer directly owned 593,726 shares in the company, valued at approximately $4,601,376.50. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Sprinklr Trading Up 1.2%

NYSE CXM traded up $0.09 during trading on Monday, reaching $7.88. The company's stock had a trading volume of 1,919,135 shares, compared to its average volume of 2,630,697. The firm has a 50 day moving average price of $8.45 and a 200 day moving average price of $8.29. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $9.69. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 43.28 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. The company had revenue of $212.04 million during the quarter, compared to the consensus estimate of $205.39 million. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous 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. On average, equities analysts forecast that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Lavaca Capital LLC boosted its holdings in shares of Sprinklr by 10,229.0% during the 2nd quarter. Lavaca Capital LLC now owns 67,655 shares of the company's stock valued at $572,000 after acquiring an additional 67,000 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Sprinklr in the 2nd quarter worth about $641,000. Thrivent Financial for Lutherans increased its stake in shares of Sprinklr by 2.8% in the second quarter. Thrivent Financial for Lutherans now owns 84,407 shares of the company's stock valued at $714,000 after buying an additional 2,274 shares during the period. State of Wyoming bought a new stake in Sprinklr during the 2nd quarter worth approximately $140,000. Finally, Public Sector Pension Investment Board grew its holdings in Sprinklr by 10.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 391,337 shares of the company's stock worth $3,311,000 after acquiring an additional 36,774 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CXM shares. Barclays cut their target price on Sprinklr from $9.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, September 3rd. Morgan Stanley upped their price objective on shares of Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 5th. Wall Street Zen raised shares of Sprinklr from a "hold" rating to a "buy" rating in a report on Friday, September 5th. DA Davidson boosted their target price on shares of Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Finally, Wells Fargo & Company increased their price target on shares of Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a research report on Thursday, June 5th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.