Neeraj Agrawal Sells 135,000 Shares of Sprinklr (NYSE:CXM) Stock

Key Points

• Neeraj Agrawal, a director at Sprinklr, sold a total of 374,479 shares of the company's stock recently, reducing his ownership by approximately 98.90%.
• Following the sales, Sprinklr's stock price increased by 1.3% to $7.64, with a market capitalization of $1.87 billion.
• The company reported a successful quarterly earnings report, posting $0.13 earnings per share, surpassing expectations of $0.10, with a revenue increase of 7.5% year-over-year.

Sprinklr, Inc. (NYSE:CXM - Get Free Report) Director Neeraj Agrawal sold 135,000 shares of the company's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $7.51, for a total value of $1,013,850.00. Following the sale, the director owned 1,500 shares in the company, valued at approximately $11,265. This represents a 98.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, October 8th, Neeraj Agrawal sold 150,000 shares of Sprinklr stock. The stock was sold at an average price of $7.61, for a total transaction of $1,141,500.00.
• On Monday, October 6th, Neeraj Agrawal sold 89,479 shares of Sprinklr stock. The stock was sold at an average price of $7.78, for a total transaction of $696,146.62.

Sprinklr Stock Up 1.3%

Shares of CXM stock traded up $0.10 during trading on Wednesday, hitting $7.64. The company had a trading volume of 1,394,189 shares, compared to its average volume of 1,780,562. The stock's 50-day moving average is $8.13 and its two-hundred day moving average is $8.21. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 16.98 and a beta of 0.78. Sprinklr, Inc. has a 52 week low of $6.75 and a 52 week high of $9.69.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $212.04 million for the quarter, compared to analysts' expectations of $205.39 million. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. Sprinklr's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior 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, research analysts predict that Sprinklr, Inc. will post 0.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on CXM. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Sprinklr in a research note on Wednesday. Citigroup dropped their price objective on Sprinklr from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, September 9th. Barclays dropped their price objective on 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 reissued a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research note on Friday, June 27th. Finally, Wall Street Zen raised Sprinklr from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.00.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Sprinklr by 209.5% during the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company's stock worth $31,000 after purchasing an additional 2,489 shares during the last quarter. Lavaca Capital LLC boosted its stake in shares of Sprinklr by 541.2% in the second quarter. Lavaca Capital LLC now owns 4,200 shares of the company's stock worth $36,000 after buying an additional 3,545 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Sprinklr by 69.2% during the first quarter. PNC Financial Services Group Inc. now owns 6,524 shares of the company's stock worth $54,000 after purchasing an additional 2,668 shares in the last quarter. Quarry LP boosted its position in Sprinklr by 5,071.8% during the first quarter. Quarry LP now owns 7,706 shares of the company's stock worth $64,000 after purchasing an additional 7,557 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Sprinklr by 2,480.2% in the second quarter. Lazard Asset Management LLC now owns 8,463 shares of the company's stock valued at $71,000 after acquiring an additional 8,135 shares in the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

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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