On May 15, 2026, Sea Cliff Partners Management, LP, completely exited its position in sprinkler (NYSE:CXM)selling 1,334,112 shares in a transaction estimated at $8.28 million based on the quarterly average price.
What happened
According to a Securities and Exchange Commission (SEC) filing on May 15, 2026, Sea Cliff Partners Management sold its entire stake of 1,334,112 shares of Sprinklr. The estimated value of the transaction was $8.28 million, calculated using the average closing price from January 1 to March 31, 2026. The net position change for the quarter, including both trading activity and price fluctuation, was a decrease of $10.38 million.
what else to know
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Sea Cliff Partners sold Sprinklr, reducing its exposure from 4.4% of 13F AUM in the previous quarter to zero after the transaction.
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Main participations after the presentation:
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NASDAQ: BTSG: $33.43 million (17.3% of assets under management)
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New York Stock Exchange: WCC: $23.59 million (12.2% of assets under management)
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New York Stock Exchange: LTH: $17.70 million (9.1% of assets under management)
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NASDAQ: OKTA: $17.32 million (8.9% of assets under management)
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New York Stock Exchange: ITGR: $16.57 million (8.6% of assets under management)
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As of May 14, 2026, Sprinklr shares were priced at $4.94, down about 40% from last year and greatly underperforming the S&P 500, which is instead up about 25%.
Company Overview
|
Metric |
Worth |
|---|---|
|
Revenue (TTM) |
$857.20 million |
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Net Income (TTM) |
$22.91 million |
|
Price (at market close 2026-05-14) |
$4.94 |
|
1 year price change |
-40% |
Company Snapshot
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Sprinklr offers a unified customer experience management platform, including solutions for research, service, marketing, advertising and social engagement across digital and traditional channels.
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The company generates revenue primarily through subscriptions to its cloud-based software and related professional services to enterprise customers.
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It serves large brands and global companies seeking to manage customer interactions and insights across multiple communication platforms.
Sprinklr, Inc. is a technology company specializing in enterprise cloud software for customer experience management at scale. The company leverages a comprehensive platform that integrates analytics, marketing, service and engagement capabilities for large organizations.
What this transaction means for investors
Sprinklr spent the last year talking about operational improvements, AI positioning and margin expansion, but investors continued to treat the company as a slower-growing software name stuck in transition.
To Sprinklr’s credit, the latest earnings report showed progress beneath the surface. Fourth-quarter revenue rose 9% year over year to $220.6 million, while non-GAAP operating income rose to $37.7 million from $26.3 million a year earlier. The company also generated $141.9 million in annual free cash flow and ended the year with more than $500 million in cash and marketable securities. Management even authorized a new $200 million share buyback program, indicating confidence in the balance sheet and long-term prospects.
Still, growth remains relatively modest compared to software standards. Subscription revenue increased just 5% for the full year and remaining performance obligations were essentially flat. It is not yet clear how Sprinklr will evolve into a durable AI-based enterprise platform with accelerating growth. And until then, some investors may remain skeptical.