Sprinklr Says Board Authorized In June An Incremental $100M To 2024 Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Sprinklr announced that its board authorized an additional $100 million to its 2024 share repurchase program. As of May 31, 2024, the company has repurchased 14.301 million shares of Class A common stock under this program.
June 05, 2024 | 8:09 pm
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Sprinklr's board has authorized an additional $100 million to its 2024 share repurchase program, indicating strong confidence in the company's future. This move is likely to positively impact the stock price in the short term.
The authorization of an additional $100 million to the share repurchase program suggests that the company believes its stock is undervalued and is confident in its financial health. This is generally viewed positively by investors and can lead to a short-term increase in stock price.
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