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NEW YORK—Ricci Marlise, the Chief Accounting Officer of Sprinklr , Inc. (NYSE:CXM), a $1.95 billion market cap software company, reported selling 3,167 shares of Class A common stock on April 8, according to a recent SEC filing. While this individual sale occurred, InvestingPro data shows management has been actively buying back shares, indicating broader corporate confidence. The shares were sold at a weighted average price of $7.38, resulting in a total transaction value of approximately $23,372.
This transaction was conducted to cover statutory tax withholding obligations related to the vesting of restricted stock units, as mandated by Sprinklr's equity incentive plans. Following this sale, Marlise retains ownership of 289,048 shares in the company.
In other recent news, Sprinklr Inc. has been the focus of several analyst updates following its fiscal fourth-quarter results. Rosenblatt Securities increased Sprinklr's price target to $12.00, maintaining a Buy rating, after highlighting the company's impressive fourth-quarter performance under new leadership. The company reported a 4% year-over-year revenue growth, surpassing expectations by $2 million, with operating margins and pro forma earnings per share also exceeding guidance. DA Davidson raised its price target for Sprinklr from $9.50 to $10.50, while maintaining a Neutral rating, acknowledging the company's efforts to streamline expenses and pursue growth through its multiyear turnaround strategy. Scotiabank (TSX:BNS) also adjusted its price target to $9.00, noting Sprinklr's strong margin guidance for fiscal year 2026 and a revamped go-to-market strategy. Meanwhile, JMP Securities reiterated its Market Outperform rating with a $17.00 price target, expressing confidence in Sprinklr's business model after investor meetings with the company's financial leadership. These developments indicate a period of strategic realignment and operational improvements for Sprinklr as it navigates a dynamic market environment.
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