Sprinklr (NYSE:CXM) Stock Lifted to Buy by Wall Street Zen

Key Points

• Wall Street Zen upgraded Sprinklr to “buy” from “hold,” though the broader analyst consensus remains “hold,” with three buys, three holds, one sell, and an average price target of $8.21.
• Sprinklr shares opened at $5.83, with a $1.35 billion market capitalization; the stock has traded between $4.72 and $8.27 over the past year.
• The company slightly exceeded quarterly EPS expectations, reporting $0.11 versus the $0.10 estimate, while revenue of $213.74 million fell just short of forecasts; insiders sold $3.16 million of stock over the past 90 days, primarily to cover tax obligations on vested equity.

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

A number of other research analysts also recently issued reports on the company. Morgan Stanley boosted their price target on Sprinklr from $7.00 to $8.00 and gave the company an "equal weight" rating in a report on Thursday, September 3rd. UBS Group set a $7.50 price objective on Sprinklr in a report on Thursday, September 3rd. DA Davidson increased their price objective on Sprinklr from $6.00 to $6.50 and gave the stock a "neutral" rating in a report on Thursday, September 3rd. Citigroup reiterated a "market outperform" rating on shares of Sprinklr in a research report on Monday, September 14th. Finally, Cantor Fitzgerald reissued a "neutral" rating on shares of Sprinklr in a research note on Thursday, September 3rd. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $8.21.

Sprinklr Stock Up 0.1%

Shares of CXM opened at $5.83 on Monday. The stock has a market capitalization of $1.35 billion, a P/E ratio of 58.36 and a beta of 0.77. Sprinklr has a twelve month low of $4.72 and a twelve month high of $8.27. The firm has a fifty day simple moving average of $6.11 and a two-hundred day simple moving average of $5.72.

Sprinklr (NYSE:CXM - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $213.74 million for 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 company's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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 expect that Sprinklr will post 0.23 EPS for the current fiscal year.

Insider Transactions at Sprinklr

In related news, insider Joy Corso sold 34,153 shares of the business's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total transaction of $189,549.15. Following the transaction, the insider owned 1,141,463 shares in the company, valued at $6,335,119.65. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Jacob Scott sold 26,094 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total transaction of $144,821.70. Following the completion of the transaction, the general counsel directly owned 550,733 shares of the company's stock, valued at approximately $3,056,568.15. The trade was a 4.52% 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. In the last 90 days, insiders sold 563,385 shares of company stock worth $3,158,244. 25.18% of the stock is owned by corporate insiders.

Institutional Trading of Sprinklr

Several large investors have recently bought and sold shares of CXM. Sequoia Financial Advisors LLC grew its holdings in shares of Sprinklr by 44.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,151 shares of the company's stock worth $140,000 after acquiring an additional 8,322 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Sprinklr in the 2nd quarter valued at approximately $645,000. Integrated Wealth Concepts LLC bought a new stake in shares of Sprinklr during the second quarter valued at approximately $31,000. Compass Financial Management LLC bought a new stake in shares of Sprinklr during the second quarter valued at approximately $52,000. Finally, Syon Capital LLC bought a new stake in shares of Sprinklr during the second quarter valued at approximately $131,000. 40.19% of the stock is owned by institutional investors.

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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