Sprinklr (NYSE:CXM) Cut to Hold at Wall Street Zen

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

CXM has been the topic of several other reports. Citizens Jmp reaffirmed a “market outperform” rating and issued a $11.00 target price on shares of Sprinklr in a research report on Monday, September 21st. Citigroup reissued a “market outperform” rating on shares of Sprinklr in a report on Monday, September 14th. Rosenblatt Securities restated a “buy” rating and set a $8.50 price target on shares of Sprinklr in a research report on Thursday, September 3rd. Morgan Stanley increased their price objective on shares of Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Finally, Weiss Ratings upgraded shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sprinklr has a consensus rating of “Hold” and an average target price of $8.21.

Sprinklr Stock Up 1.7%

CXM opened at $5.62 on Friday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 56.26 and a beta of 0.77. Sprinklr has a fifty-two week low of $4.72 and a fifty-two week high of $8.27. The company’s 50-day moving average price is $6.17 and its 200 day moving average price is $5.73.

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

Insider Buying and Selling at Sprinklr

In other Sprinklr news, General Counsel Jacob Scott sold 71,585 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $6.97, for a total transaction of $498,947.45. Following the completion of the transaction, the general counsel directly owned 576,827 shares of the company’s stock, valued at approximately $4,020,484.19. This trade represents a 11.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Rory P. Read sold 203,666 shares of Sprinklr stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $5.17, for a total value of $1,052,953.22. Following the transaction, the chief executive officer owned 3,069,659 shares in the company, valued at approximately $15,870,137.03. This trade represents a 6.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 563,385 shares of company stock valued at $3,158,244. 25.18% of the stock is currently owned by company insiders.

Institutional Trading of Sprinklr

Several institutional investors have recently modified their holdings of CXM. Parallel Advisors LLC boosted its holdings in shares of Sprinklr by 42.6% in the 1st quarter. Parallel Advisors LLC now owns 7,265 shares of the company’s stock worth $44,000 after acquiring an additional 2,171 shares in the last quarter. Summit Securities Group LLC increased its holdings in shares of Sprinklr by 210.8% in the first quarter. Summit Securities Group LLC now owns 4,572 shares of the company’s stock valued at $27,000 after purchasing an additional 3,101 shares in the last quarter. Essential Partners LLC increased its holdings in shares of Sprinklr by 563.7% in the first quarter. Essential Partners LLC now owns 4,440 shares of the company’s stock valued at $27,000 after purchasing an additional 3,771 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Sprinklr by 12.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 50,473 shares of the company’s stock valued at $302,000 after purchasing an additional 5,610 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Sprinklr by 2.5% in the first quarter. Swiss National Bank now owns 244,600 shares of the company’s stock valued at $1,468,000 after purchasing an additional 5,900 shares in the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

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.