Sprinklr (NYSE:CXM) Issues Q1 Earnings Guidance

Sprinklr (NYSE:CXM) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.07 for the period, compared to the consensus estimate of $0.08. The company issued revenue guidance of $194-195 million, compared to the consensus revenue estimate of $193.18 million. Sprinklr also updated its FY25 guidance to $0.38-0.39 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CXM shares. TheStreet cut shares of Sprinklr from a c- rating to a d+ rating in a research report on Thursday, December 28th. Cantor Fitzgerald decreased their price objective on shares of Sprinklr from $21.00 to $16.00 and set an overweight rating on the stock in a research note on Thursday, December 7th. Rosenblatt Securities reissued a buy rating and issued a $16.00 price objective on shares of Sprinklr in a research note on Wednesday, March 20th. Morgan Stanley lowered their price objective on shares of Sprinklr from $18.00 to $16.00 and set an equal weight rating for the company in a research report on Friday, December 8th. Finally, KeyCorp started coverage on shares of Sprinklr in a report on Thursday, March 21st. They issued an overweight rating and a $19.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Sprinklr currently has a consensus rating of Moderate Buy and an average price target of $16.41.

Sprinklr Stock Up 1.5 %

Sprinklr stock traded up $0.19 during mid-day trading on Wednesday, reaching $13.01. 4,028,919 shares of the company’s stock were exchanged, compared to its average volume of 2,702,033. The business’s fifty day simple moving average is $12.88 and its 200 day simple moving average is $13.38. The firm has a market capitalization of $3.56 billion, a PE ratio of 116.56, a P/E/G ratio of 3.04 and a beta of 0.89. Sprinklr has a one year low of $10.45 and a one year high of $17.14.

Insider Buying and Selling

In related news, CMO Arun Pattabhiraman sold 27,859 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total value of $363,002.77. Following the transaction, the chief marketing officer now owns 382,101 shares in the company, valued at $4,978,776.03. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CMO Arun Pattabhiraman sold 27,859 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $363,002.77. Following the transaction, the chief marketing officer now directly owns 382,101 shares in the company, valued at $4,978,776.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ragy Thomas sold 11,742 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $152,998.26. Following the transaction, the chief executive officer now directly owns 438,214 shares in the company, valued at $5,709,928.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,682 shares of company stock worth $2,476,123. 40.29% of the stock is owned by company insiders.

Institutional Trading of Sprinklr

Several large investors have recently added to or reduced their stakes in CXM. Vanguard Group Inc. increased its position in Sprinklr by 11.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,343,260 shares of the company’s stock valued at $67,704,000 after buying an additional 759,933 shares in the last quarter. BlackRock Inc. raised its holdings in Sprinklr by 302.9% in the 2nd quarter. BlackRock Inc. now owns 6,344,527 shares of the company’s stock worth $87,745,000 after acquiring an additional 4,769,625 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Sprinklr by 16,066.1% in the 4th quarter. Point72 Asset Management L.P. now owns 1,907,600 shares of the company’s stock worth $22,968,000 after acquiring an additional 1,895,800 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Sprinklr by 9.7% in the 4th quarter. Nuveen Asset Management LLC now owns 1,852,315 shares of the company’s stock worth $22,302,000 after acquiring an additional 163,060 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Sprinklr in the 4th quarter worth approximately $21,405,000. Institutional investors own 40.19% of the company’s stock.

About Sprinklr

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.