Sprinklr (NYSE:CXM) Director Ragy Thomas Sells 5,457 Shares of Stock

Key Points

• Director Ragy Thomas sold 5,457 Sprinklr shares for approximately $30,286 at an average price of $5.55, reducing his direct stake by 0.74% to 735,253 shares. The sale covered tax obligations tied to vested equity awards.
• Sprinklr’s latest results were mixed: adjusted EPS of $0.11 beat estimates by $0.01, while revenue of $213.7 million narrowly missed forecasts and grew just 0.8% year over year. Artificial-intelligence product momentum was positive, but services weighed on performance.
• Analysts have a consensus “Hold” rating and an average price target of $8.21, compared with the stock’s recent price of $5.62. Multiple executives and directors also sold shares for tax-related reasons, which could affect investor sentiment.

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Ragy Thomas sold 5,457 shares of the business's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $30,286.35. Following the sale, the director directly owned 735,253 shares of the company's stock, valued at $4,080,654.15. This represents a 0.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sprinklr Stock Performance

Shares of NYSE CXM traded up $0.04 during trading on Thursday, hitting $5.62. The company had a trading volume of 2,824,332 shares, compared to its average volume of 3,465,094. Sprinklr, Inc. has a 12 month low of $4.72 and a 12 month high of $8.27. The firm has a market capitalization of $1.31 billion, a P/E ratio of 56.26 and a beta of 0.65. The stock has a 50 day simple moving average of $6.42 and a 200 day simple moving average of $5.81.

Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The company had revenue of $213.74 million during the quarter, compared to the consensus estimate of $214.45 million. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.The firm's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, analysts predict that Sprinklr, Inc. will post 0.23 EPS for the current year.

Key Stories Impacting Sprinklr

Here are the key news stories impacting Sprinklr this week:

• Positive Sentiment: Sprinklr’s earnings call highlighted continued momentum in artificial-intelligence-related products, a potential growth catalyst as the company seeks to expand customer adoption and improve its competitive position. Sprinklr Earnings Call: AI Momentum Amid Services Drag
• Neutral Sentiment: The latest results were mixed: adjusted earnings of $0.11 per share exceeded the $0.10 consensus estimate, while revenue of $213.7 million was slightly below expectations and increased only 0.8% year over year. The call also pointed to a drag from services, tempering the positive AI narrative.
• Negative Sentiment: Several senior Sprinklr executives and directors sold a combined 288,134 shares worth approximately $1.6 million, including CEO Rory Read’s sale of 145,865 shares. The transactions reduced their holdings, but each filing stated that the shares were sold to cover tax obligations from vested equity awards; CTO Amitabh Misra’s sales were also made under a Rule 10b5-1 plan. Consequently, the activity may weigh on sentiment but is not necessarily a discretionary bearish bet. SEC Insider Transaction Filing

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CXM. Citigroup reissued a "market outperform" rating on shares of Sprinklr in a research note on Monday. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Sprinklr in a report on Thursday, September 3rd. Weiss Ratings upgraded Sprinklr from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Rosenblatt Securities reissued a "buy" rating and set a $8.50 price target on shares of Sprinklr in a report on Thursday, September 3rd. Finally, DA Davidson boosted their price objective on Sprinklr from $6.00 to $6.50 and gave the company a "neutral" rating in a research report on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $8.21.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors have recently added to or reduced their stakes in CXM. SG Americas Securities LLC raised its position in shares of Sprinklr by 84.9% during the first quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company's stock valued at $50,265,000 after buying an additional 3,846,652 shares during the last quarter. Jefferies Financial Group Inc. boosted its position in shares of Sprinklr by 19.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 5,590,002 shares of the company's stock worth $43,490,000 after acquiring an additional 908,002 shares during the last quarter. Private Management Group Inc. boosted its position in shares of Sprinklr by 1,249.3% during the fourth quarter. Private Management Group Inc. now owns 2,412,330 shares of the company's stock worth $18,768,000 after acquiring an additional 2,233,542 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Sprinklr by 19.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company's stock valued at $15,891,000 after acquiring an additional 438,083 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Sprinklr by 3.9% during the first quarter. Bank of America Corp DE now owns 1,680,846 shares of the company's stock valued at $10,085,000 after acquiring an additional 62,604 shares in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Company Profile

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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