Jacob Scott Sells 26,094 Shares of Sprinklr (NYSE:CXM) Stock

Sprinklr, Inc. (NYSE:CXM) General Counsel Jacob Scott sold 26,094 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total transaction of $144,821.70. Following the completion of the sale, the general counsel directly owned 550,733 shares of the company’s stock, valued at $3,056,568.15. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jacob Scott also recently made the following trade(s):

• On Monday, August 10th, Jacob Scott sold 71,585 shares of Sprinklr stock. The shares were sold at an average price of $6.97, for a total transaction of $498,947.45.
• On Monday, June 22nd, Jacob Scott sold 2,724 shares of Sprinklr stock. The stock was sold at an average price of $4.97, for a total transaction of $13,538.28.

Sprinklr Stock Performance

Shares of NYSE CXM traded up $0.04 during midday trading on Thursday, reaching $5.62. The stock had a trading volume of 2,824,332 shares, compared to its average volume of 3,465,094. The stock has a 50-day moving average of $6.42 and a 200-day moving average of $5.81. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 56.26 and a beta of 0.65. Sprinklr, Inc. has a 12-month low of $4.72 and a 12-month high of $8.27.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $213.74 million for 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%. Sprinklr’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the company 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, analysts forecast that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in shares of Sprinklr by 84.9% during the first quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock valued at $50,265,000 after purchasing an additional 3,846,652 shares in the last quarter. Jefferies Financial Group Inc. increased its holdings in shares of Sprinklr by 19.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,590,002 shares of the company’s stock worth $43,490,000 after purchasing an additional 908,002 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sprinklr by 19.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock worth $15,891,000 after buying an additional 438,083 shares in the last quarter. Private Management Group Inc. lifted its position 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 buying an additional 2,233,542 shares in the last quarter. Finally, Bank of America Corp DE lifted its position 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 buying an additional 62,604 shares in the last quarter. Institutional investors own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

CXM has been the subject of a number of recent analyst reports. DA Davidson upped their price objective on Sprinklr from $6.00 to $6.50 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Rosenblatt Securities reissued a “buy” rating and set a $8.50 target price on shares of Sprinklr in a research note on Thursday, September 3rd. Morgan Stanley boosted their price target on Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. UBS Group set a $7.50 price target on Sprinklr in a research note on Thursday, September 3rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Sprinklr in a report on Thursday, September 3rd. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.