Sprinklr (NYSE:CXM) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Sprinklr (NYSE:CXM) from a strong-buy rating to a buy rating in a research report released on Saturday.

A number of other analysts have also recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $12.00 target price on shares of Sprinklr in a research note on Tuesday, September 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sprinklr in a research note on Wednesday, October 8th. Barclays lowered their target price on shares of Sprinklr from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 3rd. Citigroup lowered their target price on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 9th. Finally, JMP Securities reissued a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research note on Friday, June 27th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sprinklr currently has an average rating of “Hold” and a consensus price target of $10.00.

Sprinklr Stock Performance

Shares of CXM opened at $7.62 on Friday. The company has a 50-day simple moving average of $7.97 and a 200-day simple moving average of $8.15. The firm has a market capitalization of $1.86 billion, a P/E ratio of 16.92 and a beta of 0.78. Sprinklr has a 52 week low of $6.75 and a 52 week high of $9.69.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business 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 firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. As a group, equities analysts forecast that Sprinklr will post 0.1 earnings per share for the current year.

Insider Activity at Sprinklr

In other news, Director Neeraj Agrawal sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $7.61, for a total transaction of $1,141,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ragy Thomas sold 28,916 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $7.75, for a total transaction of $224,099.00. Following the transaction, the director owned 737,301 shares in the company, valued at $5,714,082.75. The trade was a 3.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 474,565 shares of company stock valued at $3,629,473 in the last three months. 60.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprinklr

A number of large investors have recently modified their holdings of CXM. GAMMA Investing LLC lifted its position in shares of Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock worth $31,000 after purchasing an additional 2,489 shares in the last quarter. Lavaca Capital LLC lifted its position in shares of Sprinklr by 541.2% during the second quarter. Lavaca Capital LLC now owns 4,200 shares of the company’s stock worth $36,000 after purchasing an additional 3,545 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Sprinklr by 69.2% during the first quarter. PNC Financial Services Group Inc. now owns 6,524 shares of the company’s stock worth $54,000 after purchasing an additional 2,668 shares in the last quarter. Quarry LP lifted its position in shares of Sprinklr by 5,071.8% during the first quarter. Quarry LP now owns 7,706 shares of the company’s stock worth $64,000 after purchasing an additional 7,557 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Sprinklr by 2,480.2% in the second quarter. Lazard Asset Management LLC now owns 8,463 shares of the company’s stock valued at $71,000 after buying an additional 8,135 shares during the period. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.