Sprinklr (NYSE:CXM) Insider Joy Corso Sells 34,153 Shares

Key Points

• Sprinklr insider Joy Corso sold 34,153 shares at an average price of $5.55, generating $189,549.15. The sale reduced her stake by 2.91% and was made to cover tax withholding on vested equity awards.
• Sprinklr shares traded around $5.62, near the lower end of their 52-week range of $4.72 to $8.27. The company has a $1.31 billion market capitalization and a 56.26 price-to-earnings ratio.
• Sprinklr slightly exceeded quarterly EPS expectations, reporting $0.11 versus the $0.10 consensus, while revenue rose 0.8% year over year to $213.74 million. Analysts maintain a consensus “Hold” rating with an average price target of $8.21.

Sprinklr, Inc. (NYSE:CXM - Get Free Report) insider Joy Corso sold 34,153 shares of the company's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total transaction of $189,549.15. Following the completion of the transaction, the insider owned 1,141,463 shares in the company, valued at $6,335,119.65. This trade represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sprinklr Price Performance

Sprinklr stock traded up $0.04 during midday trading on Thursday, hitting $5.62. The company's stock had a trading volume of 2,824,332 shares, compared to its average volume of 3,465,094. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 56.26 and a beta of 0.65. Sprinklr, Inc. has a 1-year low of $4.72 and a 1-year high of $8.27. The company has a 50-day moving average price of $6.42 and a two-hundred day moving average price of $5.81.

Sprinklr (NYSE:CXM - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The firm had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business's 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. Sell-side analysts forecast that Sprinklr, Inc. will post 0.23 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CXM. SG Americas Securities LLC lifted its stake in Sprinklr by 84.9% during 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 during the last quarter. Jefferies Financial Group Inc. increased its stake in shares of Sprinklr by 19.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,590,002 shares of the company's stock valued at $43,490,000 after purchasing an additional 908,002 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sprinklr by 19.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company's stock valued at $15,891,000 after purchasing an additional 438,083 shares during the last quarter. Private Management Group Inc. raised its holdings in shares of Sprinklr by 1,249.3% during the 4th quarter. Private Management Group Inc. now owns 2,412,330 shares of the company's stock worth $18,768,000 after buying an additional 2,233,542 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Sprinklr by 3.9% during the 1st quarter. Bank of America Corp DE now owns 1,680,846 shares of the company's stock worth $10,085,000 after buying an additional 62,604 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CXM has been the topic of a number of recent research reports. Weiss Ratings upgraded Sprinklr from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Wall Street Zen downgraded Sprinklr from a "buy" rating to a "hold" rating in a research report on Saturday, September 5th. Cantor Fitzgerald restated a "neutral" rating on shares of Sprinklr in a research report on Thursday, September 3rd. DA Davidson boosted their price target on Sprinklr from $6.00 to $6.50 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $8.50 price objective on shares of Sprinklr in a research report on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $8.21.

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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