Sprinklr (CXM) Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sprinklr in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CXM shares.
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12 brokerages have issued 12-month price targets for Sprinklr's stock. Their CXM share price forecasts range from $10.00 to $24.00. On average, they expect the company's stock price to reach $15.95 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
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Sprinklr's stock was trading at $8.17 at the beginning of the year. Since then, CXM stock has increased by 75.4% and is now trading at $14.33.
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Sprinklr saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,730,000 shares, an increase of 6.3% from the August 15th total of 3,510,000 shares. Based on an average daily volume of 1,730,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.8% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
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Sprinklr, Inc. (NYSE:CXM) announced its earnings results on Monday, June, 5th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. The business earned $173.36 million during the quarter, compared to analysts' expectations of $169 million. Sprinklr had a trailing twelve-month return on equity of 1.25% and a net margin of 1.00%. The firm's quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) EPS.

ETFs with the largest weight of Sprinklr (NYSE:CXM) stock in their portfolio include Direxion Work From Home ETF (WFH), Strategas Macro Thematic Opportunities ETF (SAMT) and Franklin Exponential Data ETF (XDAT).Global X Social Media Index ETF (SOCL).

Sprinklr issued an update on its FY24 earnings guidance on Wednesday, September, 6th. The company provided EPS guidance of $0.30-$0.31 for the period, compared to the consensus EPS estimate of $0.22. The company issued revenue guidance of $719-$721 million, compared to the consensus revenue estimate of $714.24 million.

(CXM) raised $361 million in an initial public offering (IPO) on Wednesday, June 23rd 2021. The company issued 19,000,000 shares at $18.00-$20.00 per share. Morgan Stanley, J.P.Morgan, Citigroup, Barclays and Wells Fargo Securities served as the underwriters for the IPO and JMP Securities, KeyBanc Capital Markets, Oppenheimer & Co., Stifel, William Blair, Blaylock Van, LLC, C.L. King & Associates, Ramirez & Co. and Roberts & Ryan were co-managers.

Sprinklr trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXM."

Sprinklr's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Cadian Capital Management LP (3.65%), Sixth Street Partners Management Company L.P. (2.57%), BlackRock Inc. (2.37%), Praesidium Investment Management Company LLC (1.77%), Cat Rock Capital Management LP (1.38%) and Marshall Wace LLP (0.76%). Insiders that own company stock include Arun Pattabhiraman, Battery Partners Ix, Llc, Chelsea R Stoner, Corporate Investors Ix Lt H&F, Daniel P Haley, Diane Adams, Iconiq Strategic Partners Ii,, Jacob Scott, Luca Lazzaron, Manish Sarin, Neeraj Agrawal, Paul Ohls, Pavitar Singh, R David Tabors, Ragy Thomas and Wilson Grad Conn.
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Shares of CXM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CXM stock can currently be purchased for approximately $14.33.

Sprinklr (NYSE:CXM) has a market capitalization of $3.88 billion and generates $618.19 million in revenue each year. The company earns $-55,740,000.00 in net income (profit) each year or $0.03 on an earnings per share basis.

The company employs 3,511 workers across the globe.

The official website for the company is www.sprinklr.com. The company can be reached via phone at 917-933-7800 or via email at ir@sprinklr.com.