Sprinklr (NYSE:CXM) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Sprinklr reported quarterly earnings of $0.05 per share, which missed analysts' expectations of $0.10, resulting in a net margin of 13.57%.
• Despite missing earnings estimates, analysts maintain a mixed outlook, with price targets ranging from $8.00 to $17.00 and a consensus rating of "Hold."
• Insider selling has been significant, with CFO Manish Sarin and Director Ragy Thomas selling large quantities of shares, indicating possible changes in confidence among management.

Sprinklr (NYSE:CXM - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.03, Briefing.com reports. The firm had revenue of $212.04 million during the quarter, compared to analyst estimates of $205.39 million. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. The business's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. Sprinklr updated its FY 2026 guidance to 0.420-0.430 EPS and its Q3 2026 guidance to 0.090-0.090 EPS.

Sprinklr Price Performance

NYSE:CXM traded down $0.03 during mid-day trading on Friday, reaching $7.81. 2,495,683 shares of the company's stock traded hands, compared to its average volume of 2,223,785. Sprinklr has a 12-month low of $6.75 and a 12-month high of $9.69. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 17.34 and a beta of 0.81. The company has a 50 day moving average price of $8.64 and a 200-day moving average price of $8.34.

Insider Activity at Sprinklr

In other Sprinklr news, Director Neeraj Agrawal sold 378,940 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $8.76, for a total value of $3,319,514.40. Following the completion of the transaction, the director directly owned 321,304 shares in the company, valued at approximately $2,814,623.04. This represents a 54.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ragy Thomas sold 3,000,000 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $7.94, for a total transaction of $23,820,000.00. Following the completion of the transaction, the director owned 974,286 shares of the company's stock, valued at $7,735,830.84. This trade represents a 75.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,143,242 shares of company stock worth $82,738,467 over the last 90 days. 60.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its holdings in Sprinklr by 2,480.2% in the 2nd quarter. Lazard Asset Management LLC now owns 8,463 shares of the company's stock worth $71,000 after purchasing an additional 8,135 shares in the last quarter. Tidal Investments LLC bought a new position in Sprinklr in the 2nd quarter worth $89,000. Corient Private Wealth LLC bought a new position in Sprinklr in the 2nd quarter worth $99,000. Tower Research Capital LLC TRC raised its holdings in Sprinklr by 273.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,320 shares of the company's stock worth $121,000 after purchasing an additional 10,488 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in Sprinklr in the 2nd quarter worth $131,000. 40.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CXM has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Sprinklr from a "hold" rating to a "buy" rating in a report on Friday. Cantor Fitzgerald initiated coverage on shares of Sprinklr in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price objective for the company. Barclays lowered their price objective on shares of Sprinklr from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Sprinklr from $6.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday, June 5th. Finally, JMP Securities restated a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a report on Friday, June 27th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Sprinklr presently has an average rating of "Hold" and an average price target of $10.10.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.