Sprinklr (NYSE:CXM) Hits New 12-Month Low - What's Next?

Key Points

• Sprinklr shares hit a new 52-week low of $4.72, trading below both their 50-day ($6.36) and 200-day ($5.77) moving averages. The company has a market capitalization of approximately $1.11 billion.
• Analyst sentiment is mixed, with three Buy, three Hold and one Sell rating; the average rating is Hold and the average price target is $8.21.
• Sprinklr slightly exceeded quarterly EPS expectations at $0.11 versus $0.10, but revenue of $213.74 million fell short of estimates. Executives sold shares to cover tax obligations, while insiders still own 25.18% of the company.

Sprinklr, Inc. (NYSE:CXM - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday. The stock traded as low as $4.72 and last traded at $4.7560, with a volume of 941938 shares trading hands. The stock had previously closed at $4.98.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CXM. UBS Group set a $7.50 price objective on Sprinklr in a research report on Thursday, September 3rd. Wall Street Zen cut shares of Sprinklr from a "buy" rating to a "hold" rating in a report on Saturday, September 5th. DA Davidson increased their price objective on Sprinklr from $6.00 to $6.50 and gave the company a "neutral" rating in a research report on Thursday, September 3rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $8.50 target price on shares of Sprinklr in a report on Thursday, September 3rd. Finally, Citizens Jmp reiterated a "market outperform" rating and issued a $11.00 target price on shares of Sprinklr in a research report on Monday, September 21st. 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 MarketBeat, Sprinklr has an average rating of "Hold" and an average price target of $8.21.

Sprinklr Price Performance

The stock's 50 day moving average price is $6.36 and its two-hundred day moving average price is $5.77. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 47.65 and a beta of 0.65.

Sprinklr (NYSE:CXM - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $213.74 million for the quarter, compared to the consensus estimate of $214.45 million. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same quarter last 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. As a group, equities research analysts anticipate that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.

Insider Activity

In other Sprinklr news, CEO Rory Read sold 145,865 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $809,550.75. Following the completion of the sale, the chief executive officer directly owned 3,273,325 shares of the company's stock, valued at $18,166,953.75. This represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 40,000 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was 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 in the company, valued at $4,668,683.67. This represents a 4.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders sold 359,719 shares of company stock worth $2,105,291. Corporate insiders own 25.18% of the company's stock.

Institutional Trading of Sprinklr

A number of hedge funds have recently modified their holdings of CXM. Sequoia Financial Advisors LLC lifted its position in Sprinklr by 44.2% in the second quarter. Sequoia Financial Advisors LLC now owns 27,151 shares of the company's stock worth $140,000 after purchasing an additional 8,322 shares during the period. Engineers Gate Manager LP bought a new stake in Sprinklr in the second quarter valued at about $645,000. Integrated Wealth Concepts LLC acquired a new position in Sprinklr in the second quarter worth about $31,000. Compass Financial Management LLC bought a new position in Sprinklr during the second quarter worth about $52,000. Finally, Syon Capital LLC acquired a new stake in Sprinklr during the second quarter valued at approximately $131,000. Institutional investors own 40.19% of the company's stock.

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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