Sprinklr (NYSE:CXM) Issues Earnings Results, Beats Expectations By $0.03 EPS

Sprinklr (NYSE:CXM) announced its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03, Briefing.com reports. The firm had revenue of $220.59 million during the quarter, compared to analysts’ expectations of $216.93 million. Sprinklr had a return on equity of 8.03% and a net margin of 13.42%.The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS.

Sprinklr Trading Down 4.3%

Shares of CXM opened at $5.63 on Wednesday. The stock has a market cap of $1.39 billion, a P/E ratio of 13.39 and a beta of 0.78. Sprinklr has a 1 year low of $5.12 and a 1 year high of $9.69. The stock’s 50-day moving average price is $6.35 and its two-hundred day moving average price is $7.24.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CXM shares. Weiss Ratings lowered shares of Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 26th. Cantor Fitzgerald reissued a “neutral” rating and set a $8.00 price target on shares of Sprinklr in a research note on Wednesday, December 3rd. Wall Street Zen lowered shares of Sprinklr from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. DA Davidson reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Sprinklr in a research note on Thursday, December 4th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Sprinklr in a report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Sprinklr has a consensus rating of “Hold” and a consensus target price of $9.89.

Insider Buying and Selling

In related news, General Counsel Jacob Scott sold 21,665 shares of Sprinklr stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $7.12, for a total transaction of $154,254.80. Following the transaction, the general counsel owned 404,723 shares of the company’s stock, valued at $2,881,627.76. This trade represents a 5.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ragy Thomas sold 24,952 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $7.78, for a total transaction of $194,126.56. Following the transaction, the director owned 712,349 shares of the company’s stock, valued at approximately $5,542,075.22. This represents a 3.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 456,261 shares of company stock worth $3,150,245 over the last quarter. Insiders own 60.53% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently bought and sold shares of CXM. Cerity Partners LLC increased its position in shares of Sprinklr by 51.2% in the 4th quarter. Cerity Partners LLC now owns 18,691 shares of the company’s stock valued at $145,000 after buying an additional 6,327 shares in the last quarter. State of Wyoming acquired a new stake in Sprinklr during the 2nd quarter worth $140,000. Captrust Financial Advisors bought a new position in Sprinklr during the second quarter worth about $131,000. Twinbeech Capital LP acquired a new position in Sprinklr in the fourth quarter valued at about $99,000. Finally, Corient Private Wealth LLC acquired a new position in Sprinklr in the second quarter valued at about $99,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

About Sprinklr

Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.