Sprinklr (NYSE:CXM) Issues Earnings Results, Beats Expectations By $0.01 EPS

Sprinklr (NYSE:CXM) posted its quarterly earnings results on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01, FiscalAI reports. The firm had revenue of $213.74 million during the quarter, compared to analyst estimates of $214.45 million. Sprinklr had a net margin of 3.29% and a return on equity of 8.13%.

Sprinklr Trading Down 7.7%

NYSE CXM opened at $7.58 on Wednesday. Sprinklr has a 12 month low of $4.72 and a 12 month high of $8.69. The stock has a 50-day simple moving average of $6.30 and a 200 day simple moving average of $5.78. The company has a market capitalization of $1.78 billion, a PE ratio of 63.17 and a beta of 0.64.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Citigroup dropped their price objective on Sprinklr from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. DA Davidson lowered their target price on shares of Sprinklr from $6.25 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Finally, Rosenblatt Securities cut their price target on shares of Sprinklr from $12.00 to $8.50 and set a “buy” rating for the company in a report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.79.

Insider Activity at Sprinklr

In related news, CTO Amitabh Misra sold 29,180 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total transaction of $154,654.00. Following the completion of the transaction, the chief technology officer owned 854,779 shares in the company, valued at approximately $4,530,328.70. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Joy Corso sold 33,635 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $5.30, for a total transaction of $178,265.50. Following the completion of the sale, the insider owned 1,175,616 shares in the company, valued at approximately $6,230,764.80. This trade represents a 2.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 395,880 shares of company stock worth $2,210,116. 25.18% of the stock is owned by company insiders.

Institutional Trading of Sprinklr

Several hedge funds have recently added to or reduced their stakes in CXM. Aster Capital Management DIFC Ltd increased its holdings in shares of Sprinklr by 148.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,243 shares of the company’s stock worth $25,000 after acquiring an additional 1,940 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Sprinklr by 24,370.6% in the 3rd quarter. Larson Financial Group LLC now owns 4,160 shares of the company’s stock valued at $32,000 after purchasing an additional 4,143 shares during the period. Empowered Funds LLC bought a new stake in Sprinklr during the 4th quarter worth approximately $38,000. Kemnay Advisory Services Inc. acquired a new stake in Sprinklr during the 4th quarter worth approximately $44,000. Finally, Kestra Advisory Services LLC bought a new position in Sprinklr in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Company Profile

Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.