Sprinklr (NYSE:CXM) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Sprinklr from “Buy” to “Hold.” Overall analyst sentiment is also “Hold,” with three Buy, three Hold, and one Sell rating and a consensus price target of $8.21.
• Sprinklr shares opened at $5.51, well below the 12-month high of $8.27. The company slightly beat quarterly EPS estimates at $0.11 versus $0.10, while revenue of $213.74 million fell just short of expectations.
• Insiders have been net sellers, with executives and directors selling 563,385 shares worth about $3.16 million over the past 90 days; insiders still own 25.18% of the company.

Sprinklr (NYSE:CXM - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the stock. DA Davidson increased their price objective on shares of Sprinklr from $6.00 to $6.50 and gave the company a "neutral" rating in a report on Thursday, September 3rd. Weiss Ratings raised shares of Sprinklr from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Cantor Fitzgerald restated a "neutral" rating on shares of Sprinklr in a research report on Thursday, September 3rd. Morgan Stanley raised their price target on shares of Sprinklr from $7.00 to $8.00 and gave the company an "equal weight" rating in a research note on Thursday, September 3rd. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $8.50 price objective on shares of Sprinklr in a report on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $8.21.

Sprinklr Trading Up 1.7%

Shares of CXM opened at $5.51 on Friday. The firm has a market cap of $1.28 billion, a P/E ratio of 55.15 and a beta of 0.77. Sprinklr has a 12 month low of $4.72 and a 12 month high of $8.27. The stock's 50 day moving average is $6.21 and its two-hundred day moving average is $5.73.

Sprinklr (NYSE:CXM - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%. The firm had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. During the same quarter last year, the firm posted $0.13 EPS. The business's revenue was up .8% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. Equities research analysts forecast that Sprinklr will post 0.23 EPS for the current year.

Insider Activity at Sprinklr

In other Sprinklr news, Director Ragy Thomas sold 5,457 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $30,286.35. Following the completion of the sale, the director owned 735,253 shares in the company, valued at approximately $4,080,654.15. This represents a 0.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Rory Read sold 203,666 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $5.17, for a total transaction of $1,052,953.22. Following the completion of the transaction, the chief executive officer directly owned 3,069,659 shares in the company, valued at $15,870,137.03. This trade represents a 6.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 563,385 shares of company stock worth $3,158,244 in the last 90 days. 25.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprinklr

Institutional investors have recently added to or reduced their stakes in the stock. Globeflex Capital L P purchased a new stake in Sprinklr in the 2nd quarter valued at $1,310,000. Dimensional Fund Advisors LP increased its stake 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 worth $15,891,000 after acquiring an additional 438,083 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Sprinklr by 84.9% during the 1st quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company's stock worth $50,265,000 after acquiring an additional 3,846,652 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Sprinklr by 966.8% during the 1st quarter. Quantinno Capital Management LP now owns 248,193 shares of the company's stock worth $1,489,000 after acquiring an additional 224,928 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Sprinklr by 37.5% during the 1st quarter. Pacer Advisors Inc. now owns 869,926 shares of the company's stock valued at $5,220,000 after acquiring an additional 237,216 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company's stock.

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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