Key Points
- CEO Rory Read sold 203,666 Sprinklr shares at an average price of $5.17, generating approximately $1.05 million. The transaction, conducted under a Rule 10b5-1 plan, reduced his direct ownership by 6.22% to 3.07 million shares.
- Sprinklr recently reported quarterly EPS of $0.11, slightly above estimates, while revenue of $213.74 million was marginally below expectations and increased 0.8% year over year.
- Institutional investors own 40.19% of the company, with several major funds increasing their positions. Analysts maintain a consensus “Hold” rating and an average price target of $8.21.
Sprinklr, Inc. (NYSE:CXM - Get Free Report) CEO Rory Read sold 203,666 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $5.17, for a total transaction of $1,052,953.22. Following the sale, the chief executive officer directly owned 3,069,659 shares of the company's stock, valued at approximately $15,870,137.03. This represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sprinklr Stock Performance
Sprinklr stock opened at $5.21 on Tuesday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 52.15 and a beta of 0.77. Sprinklr, Inc. has a 1 year low of $4.72 and a 1 year high of $8.27. The firm's 50 day moving average price is $6.29 and its two-hundred day moving average price is $5.75.
Sprinklr (NYSE:CXM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.11 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 company's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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, equities analysts predict that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in Sprinklr by 84.9% in the 1st quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company's stock worth $50,265,000 after buying an additional 3,846,652 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Sprinklr by 19.8% during the 1st 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. Private Management Group Inc. increased its stake in shares of Sprinklr by 1,249.3% in 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. Bank of America Corp DE increased its stake in shares of Sprinklr by 3.9% in the first quarter. Bank of America Corp DE now owns 1,680,846 shares of the company's stock worth $10,085,000 after acquiring an additional 62,604 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Sprinklr by 8.9% during the first quarter. Bank of New York Mellon Corp now owns 1,329,921 shares of the company's stock worth $7,980,000 after acquiring an additional 108,340 shares in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently weighed in on CXM. Wall Street Zen raised Sprinklr from a "hold" rating to a "buy" rating in a research note on Saturday. Cantor Fitzgerald reiterated a "neutral" rating on shares of Sprinklr in a report on Thursday, September 3rd. Citizens Jmp reissued a "market outperform" rating and issued a $11.00 target price on shares of Sprinklr in a research report on Monday, September 21st. Weiss Ratings upgraded shares of Sprinklr from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, August 5th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $8.50 price objective on shares of Sprinklr in a research note on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.21.
Read Our Latest Stock Report on CXM
About Sprinklr
(
Get Free Report)
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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