Insider Selling: Sprinklr (NYSE:CXM) Director Sells 89,479 Shares of Stock

Key Points

• Neeraj Agrawal, a director at Sprinklr, sold a total of 389,479 shares between October 6 and October 8, significantly reducing his ownership stake by 96.91%.
• Sprinklr recently reported earnings with a net margin of 14.64% and quarterly revenue reaching $212.04 million, exceeding analyst expectations.
• Analyst ratings for Sprinklr are mixed, with Barclays lowering its price target to $8.00 while other firms maintain buy ratings with targets as high as $17.00.

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Neeraj Agrawal sold 89,479 shares of the firm's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $7.78, for a total value of $696,146.62. Following the transaction, the director directly owned 2,850 shares of the company's stock, valued at approximately $22,173. This represents a 96.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Neeraj Agrawal also recently made the following trade(s):

• On Wednesday, October 8th, Neeraj Agrawal sold 150,000 shares of Sprinklr stock. The shares were sold at an average price of $7.61, for a total value of $1,141,500.00.
• On Tuesday, October 7th, Neeraj Agrawal sold 135,000 shares of Sprinklr stock. The shares were sold at an average price of $7.51, for a total value of $1,013,850.00.

Sprinklr Trading Up 1.3%

Shares of Sprinklr stock traded up $0.10 during trading on Wednesday, hitting $7.64. The stock had a trading volume of 1,394,189 shares, compared to its average volume of 1,780,562. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $9.69. The business's 50-day moving average is $8.13 and its 200 day moving average is $8.21. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 16.98 and a beta of 0.78.

Sprinklr (NYSE:CXM - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.03. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. The company had revenue of $212.04 million during the quarter, compared to analyst estimates of $205.39 million. During the same period in the prior year, the business posted $0.07 earnings per share. Sprinklr's revenue for the quarter was up 7.5% on a year-over-year basis. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. As a group, equities analysts expect that Sprinklr, Inc. will post 0.1 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on CXM shares. Barclays reduced their price objective 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. JMP Securities reiterated a "market outperform" rating and issued a $17.00 target price on shares of Sprinklr in a research report on Friday, June 27th. Wall Street Zen upgraded shares of Sprinklr from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Rosenblatt Securities reiterated a "buy" rating and set a $12.00 price target on shares of Sprinklr in a report on Tuesday, September 30th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Sprinklr in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Sprinklr currently has an average rating of "Hold" and an average price target of $10.00.

Institutional Trading of Sprinklr

Several institutional investors and hedge funds have recently bought and sold shares of CXM. Vanguard Group Inc. boosted its position in Sprinklr by 8.5% during the first quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company's stock worth $121,065,000 after purchasing an additional 1,138,542 shares during the period. Jefferies Financial Group Inc. grew its holdings in shares of Sprinklr by 31.6% during the second quarter. Jefferies Financial Group Inc. now owns 4,682,000 shares of the company's stock worth $39,610,000 after purchasing an additional 1,125,000 shares during the last quarter. Sea Cliff Partners Management LP boosted its holdings in Sprinklr by 1,174.6% in the second quarter. Sea Cliff Partners Management LP now owns 2,166,792 shares of the company's stock valued at $18,331,000 after acquiring an additional 1,996,792 shares during the last quarter. Letko Brosseau & Associates Inc. boosted its holdings in Sprinklr by 0.7% during the second quarter. Letko Brosseau & Associates Inc. now owns 1,760,500 shares of the company's stock worth $14,894,000 after buying an additional 11,625 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Sprinklr by 10.3% during the 2nd quarter. Bank of America Corp DE now owns 1,573,516 shares of the company's stock valued at $13,312,000 after purchasing an additional 146,380 shares in the last quarter. Institutional investors and hedge funds own 40.19% of the company's stock.

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.

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