Sprinklr (NYSE:CXM) Upgraded by Wall Street Zen to Buy Rating

Key Points

• Wall Street Zen upgraded Sprinklr (NYSE:CXM) from a "hold" rating to a "buy" rating, indicating a positive shift in sentiment towards the stock.
• Other analysts have varying opinions, with Rosenblatt Securities maintaining a buy rating but others like Barclays and Wells Fargo issuing lower price targets and underweight ratings.
• Sprinklr reported better than expected quarterly earnings, with EPS of $0.13 against forecasts of $0.10, and a year-over-year revenue growth of 7.5%.

Sprinklr (NYSE:CXM - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.

CXM has been the topic of several other research reports. Morgan Stanley increased their price target on shares of Sprinklr from $8.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 5th. DA Davidson raised their price target on Sprinklr from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Barclays lowered their price target on Sprinklr from $9.00 to $8.00 and set an "underweight" rating on the stock in a research note on Wednesday, September 3rd. Cantor Fitzgerald began coverage on Sprinklr in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $8.00 price target on the stock. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $12.00 target price on shares of Sprinklr in a research note on Thursday, September 4th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.00.

Sprinklr Stock Performance

Shares of Sprinklr stock traded down $0.14 during trading on Friday, hitting $7.72. 543,580 shares of the stock were exchanged, compared to its average volume of 1,995,118. Sprinklr has a 12 month low of $6.75 and a 12 month high of $9.69. The stock's fifty day moving average is $8.61 and its 200 day moving average is $8.33. The stock has a market cap of $2.00 billion, a PE ratio of 17.14 and a beta of 0.81.

Sprinklr (NYSE:CXM - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.03. Sprinklr had a net margin of 14.64% and a return on equity of 8.59%. The company had revenue of $212.04 million during the quarter, compared to analyst estimates of $205.39 million. During the same period in the prior year, the business posted $0.07 EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. Sell-side analysts anticipate that Sprinklr will post 0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Scott Michael Harvey sold 21,422 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $9.00, for a total value of $192,798.00. Following the transaction, the insider owned 681,910 shares in the company, valued at approximately $6,137,190. This represents a 3.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ragy Thomas sold 3,000,000 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $8.37, for a total transaction of $25,110,000.00. Following the completion of the transaction, the director directly owned 766,217 shares in the company, valued at approximately $6,413,236.29. This represents a 79.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,561,373 shares of company stock worth $77,660,908 over the last ninety days. 60.53% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CXM. Price T Rowe Associates Inc. MD lifted its stake in Sprinklr by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,970 shares of the company's stock valued at $482,000 after acquiring an additional 4,194 shares in the last quarter. Northern Trust Corp grew its position in Sprinklr by 3.3% in the 4th quarter. Northern Trust Corp now owns 1,232,711 shares of the company's stock worth $10,416,000 after purchasing an additional 38,895 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Sprinklr during the 4th quarter worth approximately $424,000. Bank of America Corp DE boosted its stake in shares of Sprinklr by 34.2% in the 4th quarter. Bank of America Corp DE now owns 883,398 shares of the company's stock worth $7,465,000 after buying an additional 224,886 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Sprinklr in the fourth quarter valued at approximately $105,000. Institutional investors own 40.19% of the company's stock.

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.