Neeraj Agrawal, a director and significant stakeholder in Sprinklr , Inc. (NYSE:CXM), recently sold a substantial portion of his holdings in the company. According to a recent SEC filing, Agrawal sold 26,053 shares of Class A Common Stock on March 14 at a weighted average price of $9.28 per share. This transaction brings the total sale value to approximately $241,771. The sale occurred as Sprinklr, currently valued at $2.24 billion, trades below its Fair Value according to InvestingPro analysis, despite maintaining a GREAT financial health score.
Following the sale, Agrawal retains ownership of 968,306 shares directly. Additionally, he holds indirect stakes through various entities, including the Neeraj Agrawal Revocable Trust of 2012 and several Battery Ventures funds, with significant shareholdings remaining in these entities. The company maintains a strong balance sheet with more cash than debt, and management has been actively buying back shares. Discover more insights and 8 additional ProTips with InvestingPro’s comprehensive research report.
In other recent news, Sprinklr Inc has reported strong fourth-quarter earnings, exceeding expectations with an EPS of $0.10 and revenue of $202.5 million, surpassing the anticipated $200.52 million. The company has also provided optimistic guidance for the first quarter of fiscal year 2026, projecting an EPS of $0.10 and revenues between $201.5 million and $202.5 million. Analysts have responded positively, with Rosenblatt Securities raising the stock’s price target to $12 while maintaining a Buy rating, citing the company’s improved operational efficiency and customer engagement initiatives. DA Davidson increased its price target to $10.50, although it retained a Neutral rating, highlighting Sprinklr’s cost-cutting measures and strategic realignment. Scotiabank (TSX:BNS) also raised its price target to $9, noting the company’s strong margin guidance and operational improvements under CEO Rory Read. JMP Securities maintained a Market Outperform rating with a $17 target, acknowledging Sprinklr’s ability to outperform in a challenging market. The company’s strategic focus on its top customers and revamped go-to-market strategy are seen as positive steps towards achieving sustainable growth.
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