Sprinklr, Inc.'s (NYSE:CXM) Chief Culture & Talent Officer, Diane Adams, has recently sold a significant number of shares in the company. On March 18, Adams sold 16,600 shares of Class A Common Stock at an average price of $13.03 per share, resulting in a total transaction value of $216,298.
The shares sold by Adams were priced within a range from $12.92 to $13.195, as noted in the detailed transaction records. This sale was conducted to cover the statutory tax withholding obligations associated with the vesting of restricted stock units. According to the company's equity incentive plans, such sales are mandated to satisfy minimum statutory tax obligations through a "sell to cover" transaction, indicating that this was not a discretionary sale.
Following the transaction, Adams still holds a substantial number of shares in Sprinklr, with a reported 251,340 shares remaining in her possession. This latest move by a senior executive comes as investors closely watch insider trading activities for insights into company performance and executive confidence.
Sprinklr, headquartered in New York, specializes in prepackaged software solutions and has been a notable player in the tech industry. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol CXM.
Investors and stakeholders in Sprinklr can request more detailed information about the exact prices at which the shares were sold within the reported range. The transaction was officially documented and signed by Jason Minio, Attorney-in-Fact, on March 20, 2024.
InvestingPro Insights
Sprinklr, Inc. (NYSE:CXM) has been the subject of investor attention following the recent insider share sale by Chief Culture & Talent Officer, Diane Adams. To provide further context to Sprinklr's financial health and market performance, here are some key insights based on real-time data from InvestingPro:
InvestingPro Data:
- The company's Market Cap stands at $3.59 billion, reflecting its scale and investor valuation in the tech industry.
- With a P/E Ratio of 118.11, Sprinklr is trading at a high earnings multiple, which may be indicative of investor expectations for future growth.
- The company shows a robust Revenue Growth of 19.53% over the last twelve months as of Q3 2024, signaling strong sales performance in its software solutions sector.
InvestingPro Tips:
- Analysts are optimistic about Sprinklr's financial future, with 12 analysts having revised their earnings estimates upwards for the upcoming period, which could suggest potential for stock price appreciation.
- Sprinklr is expected to be profitable this year, which is a positive sign for investors looking for companies with strong earnings potential.
For investors seeking a deeper analysis and additional insights on Sprinklr, there are 11 more InvestingPro Tips available. These tips provide a comprehensive look at the company's financial metrics and market position. To explore these insights, visit https://www.investing.com/pro/CXM and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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