Sprinklr (NYSE:CXM) CTO Sells 29,629 Shares of Stock

Key Points

• Sprinklr CTO Amitabh Misra sold 29,629 shares at an average price of $5.55, worth approximately $164,441. The sale was made under a Rule 10b5-1 plan to cover tax withholding from vested equity awards, leaving him with 785,150 shares.
• Sprinklr’s stock traded around $5.62, below its 50-day moving average of $6.42 but above its 12-month low of $4.72. The company reported quarterly EPS of $0.11, slightly exceeding analyst expectations, while revenue of $213.74 million fell modestly short of estimates.
• Analyst sentiment remains mixed, with three Buy, three Hold, and one Sell rating; the consensus rating is Hold with an average price target of $8.21. Institutional investors and hedge funds own approximately 40.19% of Sprinklr’s outstanding shares.

Sprinklr, Inc. (NYSE:CXM - Get Free Report) CTO Amitabh Misra sold 29,629 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $164,440.95. Following the completion of the sale, the chief technology officer owned 785,150 shares of the company's stock, valued at $4,357,582.50. The trade was a 3.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Amitabh Misra also recently made the following trade(s):

• On Tuesday, September 15th, Amitabh Misra sold 40,000 shares of Sprinklr stock. The shares were sold at an average price of $5.73, for a total value of $229,200.00.

Sprinklr Stock Performance

NYSE:CXM traded up $0.04 during trading hours on Thursday, hitting $5.62. 2,824,332 shares of the company's stock traded hands, compared to its average volume of 3,465,094. The firm has a market cap of $1.31 billion, a P/E ratio of 56.26 and a beta of 0.65. Sprinklr, Inc. has a twelve month low of $4.72 and a twelve month high of $8.27. The stock's fifty day moving average price is $6.42 and its two-hundred day moving average price is $5.81.

Sprinklr (NYSE:CXM - Get Free Report) last announced 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. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.The firm had revenue of $213.74 million during the quarter, compared to analyst estimates of $214.45 million. During the same period last year, the company posted $0.13 EPS. The business's quarterly revenue was up .8% compared to the same quarter last year. 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 research analysts predict that Sprinklr, Inc. will post 0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CXM has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Sprinklr from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 5th. Morgan Stanley increased their target price on shares of Sprinklr from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 3rd. Wall Street Zen lowered shares of Sprinklr from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Citigroup restated a "market outperform" rating on shares of Sprinklr in a report on Monday. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Sprinklr in a research note on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $8.21.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds have recently added to or reduced their stakes in CXM. Dimensional Fund Advisors LP grew its position in Sprinklr by 19.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company's stock worth $15,891,000 after acquiring an additional 438,083 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of Sprinklr in the 2nd quarter valued at $1,310,000. Private Management Group Inc. lifted its stake in shares of Sprinklr by 1,249.3% in the 4th quarter. Private Management Group Inc. now owns 2,412,330 shares of the company's stock valued at $18,768,000 after purchasing an additional 2,233,542 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Sprinklr by 84.9% in the first quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company's stock worth $50,265,000 after purchasing an additional 3,846,652 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in Sprinklr by 966.8% in the first quarter. Quantinno Capital Management LP now owns 248,193 shares of the company's stock worth $1,489,000 after purchasing an additional 224,928 shares in the last quarter. Institutional investors and hedge funds own 40.19% of the company's stock.

About Sprinklr

Sprinklr, Inc NYSE: CXM provides an enterprise software platform designed to help organizations manage customer experiences across digital and traditional channels. Its cloud-based Unified Customer Experience Management platform brings together customer-facing functions, data and workflows in a centralized environment.

The company's products support customer service and contact-center operations, social media management, digital marketing, advertising, customer insights and social listening.

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