Sprinklr (NYSE:CXM) Shares Gap Down - Should You Sell?

Key Points

• Sprinklr's stock price gapped down from $8.60 to $8.20 before opening, with the latest trading at $8.05 amidst considerable volume of 945,636 shares.
• Analysts have set an average price target of $10.25 for Sprinklr, with ratings ranging from "buy" to "sell" across various reports.
• Insider selling has been significant, with CFO Manish Sarin selling 174,749 shares and major shareholder Roger H. Lee offloading 285,439 shares recently.

Sprinklr, Inc. (NYSE:CXM - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $8.60, but opened at $8.20. Sprinklr shares last traded at $8.05, with a volume of 945,636 shares trading hands.

Analysts Set New Price Targets

CXM has been the subject of a number of research reports. DA Davidson boosted their price target on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. JMP Securities reiterated a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a report on Friday, June 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 price target on shares of Sprinklr in a report on Thursday, June 5th. Morgan Stanley boosted their price target on Sprinklr from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Finally, Cantor Fitzgerald initiated coverage on Sprinklr in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price target for the company. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.25.

Sprinklr Stock Down 9.2%

The business has a 50-day moving average price of $8.67 and a 200-day moving average price of $8.37. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.89 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.03. The business had revenue of $212.04 million for the quarter, compared to the consensus estimate of $205.39 million. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%.The business's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $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, equities research analysts forecast that Sprinklr, Inc. will post 0.1 earnings per share for the current year.

Insider Buying and Selling at Sprinklr

In other news, CFO Manish Sarin sold 174,749 shares of the company's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $9.07, for a total transaction of $1,584,973.43. Following the transaction, the chief financial officer directly owned 732,421 shares of the company's stock, valued at approximately $6,643,058.47. This represents a 19.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Roger H. Lee sold 285,439 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $8.68, for a total value of $2,477,610.52. Following the completion of the transaction, the insider directly owned 229,360 shares in the company, valued at approximately $1,990,844.80. The trade was a 55.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,512,691 shares of company stock valued at $85,942,764. Corporate insiders own 60.53% of the company's stock.

Hedge Funds Weigh In On Sprinklr

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Sprinklr by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company's stock valued at $121,065,000 after acquiring an additional 1,138,542 shares during the period. Jefferies Financial Group Inc. grew its position in Sprinklr by 96.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company's stock worth $49,073,000 after purchasing an additional 2,851,106 shares during the period. Deutsche Bank AG grew its position in Sprinklr by 2.7% during the 4th quarter. Deutsche Bank AG now owns 2,792,583 shares of the company's stock worth $23,597,000 after purchasing an additional 73,405 shares during the period. Sea Cliff Partners Management LP grew its position in Sprinklr by 1,174.6% during the 2nd quarter. Sea Cliff Partners Management LP now owns 2,166,792 shares of the company's stock worth $18,331,000 after purchasing an additional 1,996,792 shares during the period. Finally, Letko Brosseau & Associates Inc. grew its position in Sprinklr by 0.7% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 1,760,500 shares of the company's stock worth $14,894,000 after purchasing an additional 11,625 shares during the period. 40.19% of the stock is owned by institutional investors and hedge funds.

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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