Sprinklr, Inc. (NYSE:CXM) Stock Now Rated “Hold” by Wall Street Brokerages

Sprinklr, Inc. (NYSE:CXM) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $8.21.

A number of research analysts have issued reports on the stock. DA Davidson increased their target price on shares of Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a report on Thursday, September 3rd. UBS Group set a $7.50 price target on shares of Sprinklr in a research report on Thursday, September 3rd. Citizens Jmp reissued a “market outperform” rating and set a $11.00 price target on shares of Sprinklr in a research note on Monday, September 21st. Weiss Ratings raised Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $8.50 price target on shares of Sprinklr in a report on Thursday, September 3rd.

Insider Activity at Sprinklr

In other Sprinklr news, General Counsel Jacob Scott sold 26,094 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $144,821.70. Following the sale, the general counsel owned 550,733 shares of the company’s stock, valued at approximately $3,056,568.15. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Joy Corso sold 34,153 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $189,549.15. Following the completion of the transaction, the insider owned 1,141,463 shares of the company’s stock, valued at approximately $6,335,119.65. This represents a 2.91% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 563,385 shares of company stock valued at $3,158,244 in the last 90 days. 25.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprinklr

Several institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC raised its position in shares of Sprinklr by 42.6% during the 1st quarter. Parallel Advisors LLC now owns 7,265 shares of the company’s stock worth $44,000 after purchasing an additional 2,171 shares during the last quarter. Summit Securities Group LLC lifted its stake in Sprinklr by 210.8% in the 1st quarter. Summit Securities Group LLC now owns 4,572 shares of the company’s stock valued at $27,000 after buying an additional 3,101 shares in the last quarter. Essential Partners LLC increased its position in Sprinklr by 563.7% during the first quarter. Essential Partners LLC now owns 4,440 shares of the company’s stock worth $27,000 after buying an additional 3,771 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Sprinklr by 12.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 50,473 shares of the company’s stock worth $302,000 after buying an additional 5,610 shares in the last quarter. Finally, Swiss National Bank increased its position in Sprinklr by 2.5% during the first quarter. Swiss National Bank now owns 244,600 shares of the company’s stock worth $1,468,000 after buying an additional 5,900 shares in the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Stock Up 0.3%

NYSE:CXM opened at $5.54 on Thursday. Sprinklr has a fifty-two week low of $4.72 and a fifty-two week high of $8.27. The stock has a market cap of $1.29 billion, a PE ratio of 55.36 and a beta of 0.77. The firm’s fifty day simple moving average is $6.19 and its 200-day simple moving average is $5.73.

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

About Sprinklr

Sprinklr, Inc is a software company that provides a unified customer experience management (CXM) platform for enterprises and government organizations. Its cloud-based solutions help organizations manage customer interactions across digital channels, social media, contact centers and other communication touchpoints from a common platform.

The company’s offerings include customer service and contact-center tools, social media management, digital engagement, marketing and advertising capabilities, customer feedback, and artificial intelligence-powered analytics and insights.