Sprinklr shares are trading higher after the company announced a $100 million stock buyback program and reaffirmed its Q4 and FY24 guidance. Also, the company appointed Trac Pham as interim COO.
Portfolio Pulse from Benzinga Newsdesk
Sprinklr's stock is trading higher following the announcement of a $100 million stock buyback program and the reaffirmation of its Q4 and FY24 guidance. Additionally, Trac Pham has been appointed as the interim COO.

January 04, 2024 | 3:36 pm
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POSITIVE IMPACT
Sprinklr's announcement of a stock buyback program and reaffirmed guidance is likely to instill investor confidence, potentially leading to a short-term increase in stock price.
Stock buyback programs are typically viewed positively by the market as they can indicate that a company believes its stock is undervalued and that it is confident in its financial stability. Reaffirming guidance suggests that the company's performance is on track, which can also be reassuring to investors. The appointment of an interim COO may be seen as a step towards strong operational leadership, although it may have a less direct impact on the stock price than the buyback program and guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100