Sprinklr, Inc. (NYSE:CXM – Get Free Report)’s stock price rose 5.9% on Monday . The company traded as high as $5.79 and last traded at $5.8050. Approximately 968,151 shares changed hands during trading, a decline of 72% from the average session volume of 3,436,653 shares. The stock had previously closed at $5.48.
Wall Street Analyst Weigh In
Several research firms have issued reports on CXM. DA Davidson dropped their price target on Sprinklr from $6.25 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Weiss Ratings lowered Sprinklr from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday. Citigroup decreased their target price on Sprinklr from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Morgan Stanley cut their target price on Sprinklr from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. Finally, Rosenblatt Securities reduced their target price on Sprinklr from $12.00 to $8.50 and set a “buy” rating for the company in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.79.
Check Out Our Latest Analysis on CXM
Sprinklr Trading Up 5.7%
Sprinklr (NYSE:CXM – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Sprinklr had a net margin of 3.29% and a return on equity of 8.13%. The firm had revenue of $219.48 million for the quarter, compared to the consensus estimate of $215.89 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.480-0.490 EPS and its Q2 2027 guidance at 0.100-0.100 EPS. On average, analysts anticipate that Sprinklr, Inc. will post 0.23 EPS for the current year.
Insider Buying and Selling
In related news, insider Karthik Suri sold 41,852 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $5.14, for a total value of $215,119.28. Following the completion of the sale, the insider owned 1,111,472 shares of the company’s stock, valued at approximately $5,712,966.08. The trade was a 3.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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. Also, CEO Rory P. Read sold 143,654 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total transaction of $761,366.20. Following the transaction, the chief executive officer directly owned 3,419,190 shares in the company, valued at approximately $18,121,707. The trade was a 4.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 324,295 shares of company stock worth $1,711,168. Insiders own 25.18% of the company’s stock.
Institutional Investors Weigh In On Sprinklr
A number of large investors have recently bought and sold shares of CXM. SG Americas Securities LLC lifted its position in shares of Sprinklr by 84.9% in the first quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock worth $50,265,000 after buying an additional 3,846,652 shares during the last quarter. Morgan Stanley lifted its holdings in Sprinklr by 3.5% in the 4th quarter. Morgan Stanley now owns 7,568,609 shares of the company’s stock worth $58,884,000 after purchasing an additional 252,552 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in shares of Sprinklr by 19.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 5,590,002 shares of the company’s stock worth $43,490,000 after buying an additional 908,002 shares during the period. Geode Capital Management LLC boosted its holdings in Sprinklr by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,722,671 shares of the company’s stock valued at $21,187,000 after acquiring an additional 21,321 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Sprinklr by 19.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock valued at $15,891,000 after purchasing an additional 438,083 shares during the period. 40.19% of the stock is currently owned by institutional investors.
Sprinklr Company Profile
Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.
Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.
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