Sprinklr (NYSE:CXM) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Sprinklr from “hold” to “buy,” while the broader analyst consensus remains “Hold,” with three Buy, three Hold, and one Sell rating and an average price target of $8.21.
• Sprinklr’s latest quarter exceeded EPS expectations, reporting $0.11 versus the $0.10 consensus, though revenue of $213.74 million fell slightly short of estimates and increased just 0.8% year over year.
• The stock opened at $5.18, below its 50-day moving average of $6.31, while insiders sold 359,719 shares worth about $2.1 million over the past three months; institutional investors own 40.19% of shares.

Sprinklr (NYSE:CXM - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently issued reports on the stock. Citizens Jmp restated a "market outperform" rating and set a $11.00 price objective on shares of Sprinklr in a research report on Monday, September 21st. DA Davidson raised 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. Cantor Fitzgerald reissued a "neutral" rating on shares of Sprinklr in a report on Thursday, September 3rd. Weiss Ratings raised Sprinklr from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Finally, Citigroup reiterated a "market outperform" rating on shares of Sprinklr in a research report on Monday, September 14th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $8.21.

Sprinklr Price Performance

Sprinklr stock opened at $5.18 on Friday. The firm has a market cap of $1.20 billion, a PE ratio of 51.86 and a beta of 0.77. The stock's fifty day moving average price is $6.31 and its two-hundred day moving average price is $5.75. Sprinklr has a one year low of $4.72 and a one year high of $8.27.

Sprinklr (NYSE:CXM - Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.Sprinklr's quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. 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 expect that Sprinklr will post 0.23 earnings per share for the current fiscal year.

Insider Activity

In other Sprinklr news, CTO Amitabh Misra sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $5.73, for a total transaction of $229,200.00. Following the completion of the sale, the chief technology officer owned 814,779 shares of the company's stock, valued at approximately $4,668,683.67. This represents a 4.68% decrease in their position. The transaction 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rory P. Read sold 145,865 shares of the firm'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 transaction of $809,550.75. Following the transaction, the chief executive officer owned 3,273,325 shares of the company's stock, valued at approximately $18,166,953.75. The trade was a 4.27% 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 three months, insiders sold 359,719 shares of company stock worth $2,105,291. 25.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprinklr

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

About Sprinklr

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.

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