Sprinklr (NYSE:CXM) Given Market Outperform Rating at Citizens Jmp

Citizens Jmp reissued their market outperform rating on shares of Sprinklr (NYSE:CXM) in a research report released on Monday morning,Benzinga reports. They currently have a $11.00 price target on the stock.

Several other brokerages also recently commented on CXM. Rosenblatt Securities restated a “buy” rating and issued a $8.50 target price on shares of Sprinklr in a research note on Thursday, September 3rd. UBS Group set a $7.50 target price on shares of Sprinklr in a research report on Thursday, September 3rd. Citigroup reissued a “market outperform” rating on shares of Sprinklr in a report on Monday, September 14th. DA Davidson boosted their price target on shares of Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Sprinklr in a research note on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.21.

Sprinklr Trading Up 1.3%

Shares of CXM opened at $5.40 on Monday. Sprinklr has a 1 year low of $4.72 and a 1 year high of $8.27. The stock has a 50 day simple moving average of $6.41 and a 200-day simple moving average of $5.80. The stock has a market cap of $1.25 billion, a PE ratio of 54.01 and a beta of 0.65.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.The business had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. During the same quarter in the previous year, the firm earned $0.13 EPS. Sprinklr’s quarterly revenue was up .8% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. On average, sell-side analysts forecast that Sprinklr will post 0.23 EPS for the current fiscal year.

Insider Activity at Sprinklr

In other news, CEO Rory Read sold 145,865 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total transaction of $809,550.75. Following the sale, the chief executive officer directly owned 3,273,325 shares of the company’s stock, valued at $18,166,953.75. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Amitabh Misra sold 40,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $5.73, for a total value of $229,200.00. Following the transaction, the chief technology officer directly owned 814,779 shares in the company, valued at approximately $4,668,683.67. This represents a 4.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 359,719 shares of company stock valued at $2,105,291 in the last three months. 25.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Sprinklr

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its stake in shares of Sprinklr by 44.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,151 shares of the company’s stock valued at $140,000 after purchasing an additional 8,322 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Sprinklr in the second quarter valued at approximately $645,000. Integrated Wealth Concepts LLC bought a new position in Sprinklr in the second quarter valued at approximately $31,000. Compass Financial Management LLC bought a new position in Sprinklr in the second quarter valued at approximately $52,000. Finally, Syon Capital LLC acquired a new stake in Sprinklr during the 2nd quarter worth $131,000. 40.19% of the stock is owned by institutional investors.

About Sprinklr

Sprinklr, Inc (NYSE:CXM) provides an enterprise software platform designed to help organizations manage customer experiences across digital and traditional channels. Its cloud-based Unified Customer Experience Management platform brings together customer-facing functions, data and workflows in a centralized environment.

The company’s products support customer service and contact-center operations, social media management, digital marketing, advertising, customer insights and social listening.