Sprinklr (NYSE:CXM) Stock Rating Upgraded by Wall Street Zen

Sprinklr (NYSE:CXM) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Wall Street Zen reports.

Several other research analysts also recently commented on CXM. Citizens Jmp reaffirmed a “market outperform” rating and issued a $11.00 price target on shares of Sprinklr in a research note on Monday, September 21st. DA Davidson raised their target price on shares of Sprinklr from $6.00 to $6.50 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Weiss Ratings raised shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Citigroup reaffirmed a “market outperform” rating on shares of Sprinklr in a research note on Monday, September 14th. Finally, UBS Group set a $7.50 price target on Sprinklr in a report on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.21.

Sprinklr Stock Up 5.3%

CXM stock opened at $6.45 on Monday. The business’s fifty day simple moving average is $6.09 and its two-hundred day simple moving average is $5.73. Sprinklr has a twelve month low of $4.72 and a twelve month high of $8.27. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 64.46 and a beta of 0.77.

Sprinklr (NYSE:CXM) last released its earnings results 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. The business had revenue of $213.74 million during the quarter, compared to the consensus estimate of $214.45 million. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the company earned $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 expect that Sprinklr will post 0.23 EPS for the current year.

Insider Activity

In other Sprinklr news, Director Stephen M. Ward, Jr. bought 150,000 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were bought at an average cost of $5.67 per share, for a total transaction of $850,500.00. Following the acquisition, the director directly owned 237,088 shares in the company, valued at approximately $1,344,288.96. The trade was a 172.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joy Corso sold 34,153 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total transaction of $189,549.15. Following the transaction, the insider directly owned 1,141,463 shares in the company, valued at $6,335,119.65. This trade 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. In the last 90 days, insiders have sold 563,385 shares of company stock valued at $3,158,244. Company insiders own 25.18% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Large investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its position in Sprinklr by 84.9% during the 1st quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock valued at $50,265,000 after acquiring an additional 3,846,652 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sprinklr by 19.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock valued at $15,891,000 after acquiring an additional 438,083 shares during the period. Bank of America Corp DE increased its holdings in shares of Sprinklr by 3.9% in the 1st quarter. Bank of America Corp DE now owns 1,680,846 shares of the company’s stock valued at $10,085,000 after acquiring an additional 62,604 shares during the period. Bank of New York Mellon Corp raised its position in shares of Sprinklr by 8.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,329,921 shares of the company’s stock worth $7,980,000 after acquiring an additional 108,340 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Sprinklr by 7.9% in the 1st quarter. Principal Financial Group Inc. now owns 978,240 shares of the company’s stock worth $5,869,000 after acquiring an additional 71,646 shares in the last quarter. Institutional investors 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.