Sprinklr (NYSE:CXM) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Sprinklr (NYSE:CXM) posted its earnings results on Wednesday. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01, Briefing.com reports. The company had revenue of $219.48 million during the quarter, compared to analysts’ expectations of $215.89 million. Sprinklr had a net margin of 2.67% and a return on equity of 7.86%. Sprinklr’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $0.12 earnings per share.

Sprinklr Price Performance

CXM stock opened at $5.66 on Wednesday. Sprinklr has a 12 month low of $4.72 and a 12 month high of $9.40. The firm’s 50-day moving average is $5.46 and its 200 day moving average is $6.31. The company has a market capitalization of $1.41 billion, a PE ratio of 62.85 and a beta of 0.59.

Insider Buying and Selling

In other news, CTO Amitabh Misra sold 34,189 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $5.85, for a total transaction of $200,005.65. Following the transaction, the chief technology officer directly owned 970,753 shares of the company’s stock, valued at approximately $5,678,905.05. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 25.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprinklr

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in Sprinklr by 19.8% during the 4th quarter. Invesco Ltd. now owns 735,924 shares of the company’s stock worth $5,725,000 after acquiring an additional 121,501 shares in the last quarter. Corient Private Wealth LLC grew its stake in Sprinklr by 79.3% in the fourth quarter. Corient Private Wealth LLC now owns 46,394 shares of the company’s stock valued at $361,000 after purchasing an additional 20,523 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Sprinklr in the 4th quarter valued at about $93,000. Caitlin John LLC bought a new position in shares of Sprinklr during the 4th quarter worth approximately $295,000. Finally, Coastal Bridge Advisors LLC purchased a new stake in Sprinklr during the fourth quarter valued at approximately $83,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CXM has been the topic of several research reports. Weiss Ratings cut Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 30th. Citigroup lowered their price objective on shares of Sprinklr from $9.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. DA Davidson lowered their price target on shares of Sprinklr from $6.50 to $6.25 and set a “neutral” rating for the company in a report on Friday, April 17th. Morgan Stanley decreased their price objective on Sprinklr from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. Finally, Wall Street Zen raised Sprinklr from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $8.28.

Sprinklr Company Profile

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.