Diane Adams, the Chief Culture & Talent Officer at Sprinklr, Inc. (NYSE:CXM), has recently sold a significant portion of her holdings in the company. According to a recent SEC filing, Adams sold shares totaling $171,596 over two days.
On December 16 and 17, Adams sold a combined total of 18,280 shares of Sprinklr's Class A Common Stock. The sales were executed at prices ranging from $9.32 to $9.40 per share. The transactions were part of a pre-arranged trading plan under Rule 10b5-1, which allows insiders to set up a predetermined plan to sell stocks. Notably, while this insider sale occurred, InvestingPro data reveals management has been actively buying back shares, suggesting continued confidence in the company's value proposition.
Following these transactions, Adams holds 358,662 shares directly. The sales were primarily conducted to cover statutory tax withholding obligations linked to the vesting of restricted stock units, a common practice among corporate executives. For deeper insights into insider trading patterns and comprehensive financial analysis, including 12+ additional ProTips, access the full Sprinklr research report on InvestingPro.
In other recent news, Sprinklr has been the subject of several analyst notes. JPMorgan (NYSE:JPM) downgraded Sprinklr's stock from Overweight to Neutral, citing potential near-term operational risks despite the company's strong financial health and positive changes implemented by the new CEO. On the other hand, KeyBanc Capital Markets maintained its Overweight rating on Sprinklr, recognizing the company's positive performance and the strategic changes introduced by CEO Rory Read.
Oppenheimer also maintained its Perform rating on Sprinklr, following the company's financial results for the third quarter which exceeded its profit and loss guidance. DA Davidson, meanwhile, increased its price target for Sprinklr to $9.50, retaining a Neutral rating after the company exhibited stronger-than-anticipated revenue and a boost in cRPO growth.
Lastly, Citi increased its price target to $10 while keeping a Neutral rating on Sprinklr, acknowledging improvements in key metrics despite a noted weakness in billings. These are recent developments that provide a snapshot of the varying perspectives on Sprinklr's current performance and future potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.