Sprinklr, Inc. (NYSE:CXM), a $2.3 billion market cap company with strong financial health according to InvestingPro analysis, saw its Chief Financial Officer Sarin Manish recently sell a total of 27,118 shares of the company's Class A Common Stock over two days, according to a filing with the Securities and Exchange Commission. The transactions, which occurred on December 16 and 17, were part of a pre-arranged plan to cover tax withholding obligations related to restricted stock units. The shares were sold at prices ranging from $9.32 to $9.37, amounting to a total value of $254,084.
Following these transactions, Manish holds 716,050 shares of Sprinklr. The sales were not discretionary but were mandated by Sprinklr's equity incentive plans to satisfy tax obligations.
In other recent news, Sprinklr Inc has been the focus of various analyst reviews. JPMorgan (NYSE:JPM) downgraded the stock from Overweight to Neutral, citing potential near-term operational risks as the company adjusts to new strategic changes. On the other hand, KeyBanc Capital Markets maintained its Overweight rating, recognizing the company's positive performance and strategic changes implemented by the new CEO, Rory Read. Oppenheimer also upheld its Perform rating, following Sprinklr's third quarter financial results, which exceeded profit and loss guidance.
DA Davidson increased its price target for Sprinklr to $9.50 while maintaining a Neutral rating, following stronger-than-expected revenue growth. Citi also raised its price target to $10, keeping a Neutral rating despite noted weakness in billings. All these developments reflect recent shifts in analysts' outlooks for Sprinklr.
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