Sprinklr (NYSE:CXM) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Sprinklr beat earnings expectations, reporting quarterly EPS of $0.11 versus the $0.10 consensus estimate. Revenue was $213.74 million, slightly below analysts’ forecast of $214.45 million.
• Shares opened at $7.58, with a market capitalization of approximately $1.78 billion and a 52-week range of $4.72 to $8.69.
• Analyst sentiment remains cautious: Sprinklr has an overall “Hold” rating and a consensus price target of $7.79, while several firms recently reduced their targets. Insiders sold shares primarily to cover tax obligations tied to vested equity awards.

Sprinklr (NYSE:CXM - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01, FiscalAI reports. The firm had revenue of $213.74 million during the quarter, compared to analysts' expectations of $214.45 million. Sprinklr had a net margin of 3.29% and a return on equity of 8.13%.

Sprinklr Stock Performance

NYSE CXM opened at $7.58 on Wednesday. Sprinklr has a 1 year low of $4.72 and a 1 year high of $8.69. The stock has a market capitalization of $1.78 billion, a P/E ratio of 63.17 and a beta of 0.64. The business's fifty day moving average is $6.30 and its two-hundred day moving average is $5.78.

Insider Buying and Selling

In other news, CEO Rory P. Read sold 143,654 shares of Sprinklr stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total value of $761,366.20. Following the transaction, the chief executive officer directly owned 3,419,190 shares of the company's stock, valued at $18,121,707. This trade represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Amitabh Misra sold 29,180 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total transaction of $154,654.00. Following the sale, the chief technology officer owned 854,779 shares in the company, valued at $4,530,328.70. This represents a 3.30% decrease in their position. 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 90 days, insiders sold 395,880 shares of company stock valued at $2,210,116. Company insiders own 25.18% of the company's stock.

Institutional Trading of Sprinklr

A number of hedge funds have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd boosted 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 acquiring an additional 1,940 shares during the period. Larson Financial Group LLC boosted its position in shares of Sprinklr by 24,370.6% in the third quarter. Larson Financial Group LLC now owns 4,160 shares of the company's stock valued at $32,000 after acquiring an additional 4,143 shares during the period. Empowered Funds LLC acquired a new position in shares of Sprinklr during the fourth quarter valued at about $38,000. Kemnay Advisory Services Inc. bought a new position in Sprinklr during the fourth quarter valued at about $44,000. Finally, Kestra Advisory Services LLC acquired a new position in Sprinklr in the 4th quarter valued at approximately $45,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CXM shares. DA Davidson dropped their price objective on shares of Sprinklr from $6.25 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, June 4th. Citigroup dropped their target price on Sprinklr from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, June 4th. Weiss Ratings upgraded Sprinklr from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities lowered their price objective on Sprinklr from $12.00 to $8.50 and set a "buy" rating for the company in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Sprinklr currently has an average rating of "Hold" and a consensus price target of $7.79.

Sprinklr Company Profile

Sprinklr, Inc NYSE: CXM is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr's platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.

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