Citizens Jmp Reiterates Market Outperform Rating for Sprinklr (NYSE:CXM)

Key Points

• Citizens Jmp reiterated its “market outperform” rating on Sprinklr and set an $11 price target, implying approximately 107% upside from the stock’s $5.32 price.
• Analyst sentiment is mixed overall: Sprinklr has three Buy, three Hold and one Sell rating, resulting in a consensus rating of “Hold” and an average target price of $8.21.
• Sprinklr slightly exceeded quarterly EPS expectations, reporting $0.11 versus the $0.10 consensus estimate, while revenue of $213.74 million fell just below forecasts and rose 0.8% year over year.

Sprinklr (NYSE:CXM - Get Free Report)'s stock had its "market outperform" rating reissued by investment analysts at Citizens Jmp in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $11.00 price target on the stock. Citizens Jmp's price objective indicates a potential upside of 106.96% from the company's current price.

Other research analysts have also issued reports about the stock. Citigroup reaffirmed a "market outperform" rating on shares of Sprinklr in a research note on Monday, September 14th. DA Davidson increased their target price on Sprinklr from $6.00 to $6.50 and gave the company a "neutral" rating in a report on Thursday, September 3rd. Weiss Ratings raised Sprinklr from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 5th. Morgan Stanley raised their target price on Sprinklr from $7.00 to $8.00 and gave the company an "equal weight" rating in a research report on Thursday, September 3rd. Finally, Wall Street Zen lowered Sprinklr from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Three equities research 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $8.21.

Sprinklr Stock Performance

Sprinklr stock opened at $5.32 on Monday. The company's fifty day moving average price is $6.42 and its 200 day moving average price is $5.80. Sprinklr has a 1 year low of $4.72 and a 1 year high of $8.27. The stock has a market capitalization of $1.23 billion, a P/E ratio of 53.16 and a beta of 0.65.

Sprinklr (NYSE:CXM - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The company had revenue of $213.74 million during 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%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts predict that Sprinklr will post 0.23 EPS for the current year.

Insider Buying and Selling

In other Sprinklr news, Director Ragy Thomas sold 5,457 shares of the firm'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 $30,286.35. Following the transaction, the director directly owned 735,253 shares of the company's stock, valued at $4,080,654.15. This trade represents a 0.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanjay Macwan sold 6,936 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $38,494.80. Following the transaction, the insider owned 545,997 shares in the company, valued at approximately $3,030,283.35. This represents a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 359,719 shares of company stock worth $2,105,291 in the last 90 days. Corporate insiders own 25.18% of the company's stock.

Institutional Investors Weigh In On Sprinklr

Hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC boosted its holdings in Sprinklr by 210.8% in the 1st 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 during the last quarter. Essential Partners LLC increased its holdings in shares of Sprinklr by 563.7% during the 1st quarter. Essential Partners LLC now owns 4,440 shares of the company's stock worth $27,000 after buying an additional 3,771 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Sprinklr during the 2nd quarter worth approximately $31,000. Optiver Holding B.V. raised its position in shares of Sprinklr by 3,311.2% during the 1st quarter. Optiver Holding B.V. now owns 6,993 shares of the company's stock valued at $42,000 after buying an additional 6,788 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Sprinklr by 42.6% in the first quarter. Parallel Advisors LLC now owns 7,265 shares of the company's stock valued at $44,000 after acquiring an additional 2,171 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Company Profile

Sprinklr, Inc NYSE: CXM provides an enterprise software platform designed to help organizations manage customer experiences across digital and traditional channels. Its cloud-based Unified Customer Experience Management platform brings together customer-facing functions, data and workflows in a centralized environment.

The company's products support customer service and contact-center operations, social media management, digital marketing, advertising, customer insights and social listening.

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