Sprinklr, Inc. (NYSE:CXM) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Of seven analysts covering Sprinklr, four recommend holding, two recommend buying and one recommends selling. The average 12-month price target is $8.21, above the stock’s reported $5.49 opening price.
• Quarterly results slightly exceeded expectations: Sprinklr reported adjusted EPS of $0.11 versus the $0.10 consensus estimate, while revenue of $213.74 million narrowly missed expectations and increased 0.8% year over year.
• Insiders have been selling shares: Insiders sold 395,880 shares worth approximately $2.21 million over the past 90 days, while institutional investors own 40.19% of Sprinklr’s stock.

Shares of Sprinklr, Inc. (NYSE:CXM - Get Free Report) have earned a consensus recommendation of "Hold" from the seven analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.2143.

Several brokerages have recently issued reports on CXM. DA Davidson lifted their price objective on shares of Sprinklr from $6.00 to $6.50 and gave the stock a "neutral" rating in a research note on Thursday, September 3rd. Morgan Stanley increased their target price 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. UBS Group set a $7.50 target price 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 report on Wednesday, August 5th. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Sprinklr in a research report on Thursday, September 3rd.

Insiders Place Their Bets

In other news, General Counsel Jacob Scott sold 71,585 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $6.97, for a total transaction of $498,947.45. Following the sale, the general counsel directly owned 576,827 shares of the company's stock, valued at $4,020,484.19. The trade was a 11.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joy Corso sold 33,635 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total value of $178,265.50. Following the sale, the insider directly owned 1,175,616 shares of the company's stock, valued at approximately $6,230,764.80. This represents a 2.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 395,880 shares of company stock worth $2,210,116. Corporate insiders own 25.18% of the company's stock.

Institutional Trading of Sprinklr

A number of hedge funds have recently bought and sold shares of CXM. Aster Capital Management DIFC Ltd grew its holdings in Sprinklr by 148.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,243 shares of the company's stock valued at $25,000 after purchasing an additional 1,940 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of Sprinklr by 7.6% in the third quarter. Cresset Asset Management LLC now owns 30,736 shares of the company's stock valued at $237,000 after purchasing an additional 2,169 shares during the period. Parallel Advisors LLC lifted its stake in shares of Sprinklr by 42.6% in the first quarter. Parallel Advisors LLC now owns 7,265 shares of the company's stock worth $44,000 after buying an additional 2,171 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Sprinklr by 2.5% in the fourth quarter. Franklin Resources Inc. now owns 91,012 shares of the company's stock worth $708,000 after buying an additional 2,232 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Sprinklr by 2.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 84,407 shares of the company's stock worth $714,000 after buying an additional 2,274 shares during the period. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Stock Up 0.8%

Shares of Sprinklr stock opened at $5.49 on Friday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 54.86 and a beta of 0.65. The business has a fifty day simple moving average of $6.41 and a 200-day simple moving average of $5.80. Sprinklr has a fifty-two week low of $4.72 and a fifty-two week 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 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 period in the previous year, the company earned $0.13 earnings per share. Sprinklr's revenue was up .8% compared to the same quarter last year. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. Analysts anticipate that Sprinklr will post 0.23 earnings per share for the current fiscal year.

About Sprinklr

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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