In a recent filing with the Securities and Exchange Commission, Diane Adams, the Chief Culture & Talent Officer of Sprinklr, Inc. (NYSE:CXM), disclosed the sale of company stock valued at approximately $7,511. The transactions, which took place on October 29, 2024, involved two separate sales of Class A common stock.
Adams sold 434 shares at a weighted average price of $7.49, amounting to $3,250. Additionally, she sold 566 shares at a weighted average price of $7.53, totaling $4,261. These sales were conducted under a Rule 10b5-1 trading plan and were part of a required "sell to cover" transaction to satisfy statutory tax withholding obligations related to the vesting of restricted stock units.
Following these transactions, Adams holds 376,942 shares of Sprinklr's Class A common stock.
In other recent news, Sprinklr Inc. has been experiencing significant changes in its financial outlook. The company reported an 11% year-over-year increase in total revenue for Q2 of fiscal year 2025, reaching $197.2 million. However, its operating margins and per-share earnings fell short of projections. Barclays (LON:BARC), KeyBanc Capital Markets, and Rosenblatt have all adjusted their outlooks on Sprinklr, with Barclays downgrading the company's shares from Overweight to Underweight due to concerns in the genAI and CaaS markets.
KeyBanc and Rosenblatt maintained Overweight and Buy ratings respectively, but reduced their price targets. This follows Sprinklr's recent earnings report which revealed a shortfall in subscription revenue against consensus estimates. Despite these challenges, Sprinklr continues to attract new customers, including UBS, Ford (NYSE:F), T-Mobile, Grupo Bimbo, and Planet Fitness (NYSE:PLNT). The company projects total revenue for Q3 to be between $196 million and $197 million, with subscription revenue estimated at $177.5 million to $178.5 million. These recent developments reflect the company's ongoing efforts to navigate a competitive and evolving industry landscape.
InvestingPro Insights
As Diane Adams, Sprinklr's Chief Culture & Talent Officer, executes a "sell to cover" transaction, it's worth examining the company's financial health and market position. According to InvestingPro data, Sprinklr boasts a market capitalization of $1.88 billion, with a revenue of $773.7 million for the last twelve months as of Q2 2025, representing a 14.72% growth.
An InvestingPro Tip reveals that management has been aggressively buying back shares, which could be seen as a vote of confidence in the company's future prospects. This buyback activity aligns with the company's strong balance sheet, as another InvestingPro Tip indicates that Sprinklr holds more cash than debt.
Despite these positive indicators, investors should note that the stock has taken a significant hit over the last six months, with a price total return of -35.5%. This decline might present an opportunity for value investors, especially considering that analysts predict the company will be profitable this year.
For those seeking a deeper understanding of Sprinklr's financial position and growth potential, InvestingPro offers 8 additional tips that could provide valuable insights for investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.