Sprinklr (NYSE:CXM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sprinklr (NYSE:CXM) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

A number of other research analysts have also commented on the company. UBS Group set a $7.50 price objective on Sprinklr in a research report on Thursday, September 3rd. Citigroup restated a “market outperform” rating on shares of Sprinklr in a report on Monday, September 14th. DA Davidson boosted their target price on Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $8.50 price objective on shares of Sprinklr in a research report on Thursday, September 3rd. Finally, Morgan Stanley upped their target price on shares of Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.21.

Sprinklr Stock Up 0.3%

CXM stock opened at $5.21 on Friday. Sprinklr has a twelve month low of $4.72 and a twelve month high of $8.27. The company has a market cap of $1.21 billion, a PE ratio of 52.15 and a beta of 0.77. The business’s 50-day simple moving average is $6.29 and its 200 day simple moving average is $5.75.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.11 earnings per share for the quarter, topping 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 company had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. During the same quarter last year, the firm earned $0.13 EPS. Sprinklr’s revenue for the quarter 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. On average, equities research analysts anticipate that Sprinklr will post 0.23 EPS for the current year.

Insiders Place Their Bets

In other news, insider Sanjay Macwan sold 6,936 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $38,494.80. Following the completion of the transaction, the insider directly owned 545,997 shares in the company, valued at approximately $3,030,283.35. The trade was a 1.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the chief technology officer owned 814,779 shares of the company’s stock, valued at approximately $4,668,683.67. This represents a 4.68% decrease in their ownership of the stock. 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 have sold 563,385 shares of company stock valued at $3,158,244 over the last 90 days. 25.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in Sprinklr by 84.9% during the 1st quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock worth $50,265,000 after acquiring an additional 3,846,652 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Sprinklr by 19.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock valued at $15,891,000 after purchasing an additional 438,083 shares in the last quarter. Private Management Group Inc. lifted its stake in Sprinklr by 1,249.3% during the 4th quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock valued at $18,768,000 after acquiring an additional 2,233,542 shares in the last quarter. Bank of America Corp DE boosted its holdings in Sprinklr by 3.9% during the first quarter. Bank of America Corp DE now owns 1,680,846 shares of the company’s stock worth $10,085,000 after purchasing an additional 62,604 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Sprinklr by 8.9% in the first quarter. Bank of New York Mellon Corp now owns 1,329,921 shares of the company’s stock valued at $7,980,000 after acquiring an additional 108,340 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Company Profile

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.