Sprinklr (NYSE:CXM) Shares Gap Up After Insider Buying Activity

Key Points

• Sprinklr shares gapped higher after director Stephen Ward Jr. purchased 150,000 shares for approximately $850,500, increasing his direct ownership by 172.24%.
• Analyst sentiment remains mixed, with Sprinklr holding an average “Hold” rating and an average price target of $8.21; ratings include three Buys, three Holds, and one Sell.
• The company modestly exceeded quarterly EPS expectations at $0.11 versus $0.10, while revenue of $213.74 million slightly missed forecasts and rose 0.8% year over year.

Sprinklr, Inc. (NYSE:CXM - Get Free Report)'s stock price gapped up prior to trading on Friday after an insider bought additional shares in the company. The stock had previously closed at $5.85, but opened at $6.14. Sprinklr shares last traded at $5.9280, with a volume of 318,329 shares.

Specifically, Director Stephen Ward, Jr. purchased 150,000 shares of the company's stock in a transaction dated Tuesday, October 13th. The shares were bought at an average price of $5.67 per share, with a total value of $850,500.00. Following the completion of the transaction, the director directly owned 237,088 shares in the company, valued at $1,344,288.96. This trade represents a 172.24% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group set a $7.50 price objective on Sprinklr in a research report on Thursday, September 3rd. Cantor Fitzgerald reissued a "neutral" rating on shares of Sprinklr in a research note on Thursday, September 3rd. Weiss Ratings upgraded shares of Sprinklr from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Sprinklr from a "buy" rating to a "hold" rating in a research note on Sunday, October 11th. Finally, Citigroup reiterated a "market outperform" rating on shares of Sprinklr in a report on Monday, September 14th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $8.21.

Sprinklr Price Performance

The stock's 50-day moving average price is $6.13 and its 200 day moving average price is $5.72. The firm has a market cap of $1.38 billion, a P/E ratio of 59.46 and a beta of 0.77.

Sprinklr (NYSE:CXM - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $213.74 million during the quarter, compared to analysts' expectations of $214.45 million. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The firm's revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 earnings per share. 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 forecast that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Sprinklr

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its stake in shares of Sprinklr by 44.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,151 shares of the company's stock worth $140,000 after buying an additional 8,322 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Sprinklr in the second quarter valued at about $645,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Sprinklr in the second quarter valued at about $31,000. Compass Financial Management LLC acquired a new stake in shares of Sprinklr in the second quarter valued at about $52,000. Finally, Syon Capital LLC bought a new stake in Sprinklr during the second quarter worth about $131,000. 40.19% of the stock is owned by institutional investors.

About Sprinklr

Sprinklr, Inc is a software company that provides a unified customer experience management (CXM) platform for enterprises and government organizations. Its cloud-based solutions help organizations manage customer interactions across digital channels, social media, contact centers and other communication touchpoints from a common platform.

The company's offerings include customer service and contact-center tools, social media management, digital engagement, marketing and advertising capabilities, customer feedback, and artificial intelligence-powered analytics and insights.

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