NEW YORK—Scott Jacob, General Counsel and Corporate Secretary at Sprinklr, Inc. (NYSE:CXM), recently sold shares of the company's Class A common stock. According to a filing with the Securities and Exchange Commission, Jacob disposed of a total of 3,774 shares over two days, December 16 and 17, 2024, amounting to approximately $35,360. The shares were sold at prices ranging from $9.32 to $9.37 per share. The transaction occurs as Sprinklr trades below its InvestingPro Fair Value, with the company showing strong financial health metrics, including a healthy current ratio of 1.74 and minimal debt-to-equity of 0.1.
These transactions were executed to fulfill statutory tax withholding obligations associated with the vesting of restricted stock units and were not discretionary sales by Jacob. Following these transactions, Jacob retains ownership of 352,308 shares of Sprinklr. Notably, InvestingPro data reveals that management has been actively buying back shares, demonstrating confidence in the company's future. InvestingPro subscribers have access to 13 additional exclusive insights about Sprinklr's financial position and growth prospects through the comprehensive Pro Research Report.
In other recent news, Sprinklr Inc. has been the subject of considerable attention from various analyst firms. JPMorgan recently downgraded Sprinklr's stock from Overweight to Neutral, citing potential near-term operational risks despite the company's strong financial health. In contrast, KeyBanc Capital Markets maintained its Overweight rating, acknowledging the company's positive performance and the strategic changes implemented by the new CEO, Rory Read.
Oppenheimer also maintained its Perform rating on Sprinklr, following the company's financial results for the third quarter that exceeded profit and loss guidance. Meanwhile, DA Davidson updated its outlook on Sprinklr, raising the price target to $9.50 from the previous $8.00, while retaining a Neutral rating. This revision came after a stronger-than-anticipated revenue performance in the third quarter of fiscal year 2025.
Citi has also updated its stance on Sprinklr, increasing the price target to $10 from the previous $9 while keeping a Neutral rating. This comes despite a noted weakness in billings and concerns about the potential impact of ongoing budgetary pressures on the company's premium-priced core offerings. These are recent developments, and it remains to be seen how these assessments will influence Sprinklr's future performance.
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