Shares of Sprinklr, Inc. (NYSE:CXM – Get Free Report) traded down 6.2% during trading on Tuesday . The company traded as low as $5.53 and last traded at $5.5450. Approximately 738,216 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 3,456,252 shares. The stock had previously closed at $5.91.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on CXM shares. DA Davidson upped their price target on shares of Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Weiss Ratings raised shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Citigroup upped their target price on Sprinklr from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Rosenblatt Securities restated a “buy” rating and issued a $8.50 price objective on shares of Sprinklr in a research note on Thursday, September 3rd. Finally, UBS Group set a $7.50 price target on shares of Sprinklr in a report on Thursday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.21.
Check Out Our Latest Stock Analysis on Sprinklr
Sprinklr Stock Down 6.3%
Sprinklr (NYSE:CXM – Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.The business had revenue of $213.74 million during the quarter, compared to the consensus estimate of $214.45 million. During the same period in the prior year, the company posted $0.13 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. On average, research analysts forecast that Sprinklr, Inc. will post 0.23 EPS for the current fiscal year.
Insider Activity at Sprinklr
In related news, General Counsel Jacob Scott sold 71,585 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $6.97, for a total transaction of $498,947.45. Following the completion of the transaction, the general counsel owned 576,827 shares in the company, valued at $4,020,484.19. This represents a 11.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Joy Corso sold 33,635 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total transaction of $178,265.50. Following the completion of the transaction, the insider directly owned 1,175,616 shares in the company, valued at $6,230,764.80. This represents a 2.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 395,880 shares of company stock valued at $2,210,116 in the last three months. Company insiders own 25.18% of the company’s stock.
Hedge Funds Weigh In On Sprinklr
Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sprinklr by 2.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company’s stock worth $988,000 after purchasing an additional 2,478 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Sprinklr by 4.6% during the first quarter. Millennium Management LLC now owns 581,361 shares of the company’s stock worth $4,854,000 after buying an additional 25,609 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Sprinklr in the first quarter valued at about $287,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Sprinklr by 4.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 260,769 shares of the company’s stock worth $2,177,000 after buying an additional 10,136 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Sprinklr by 166.9% during the second quarter. American Century Companies Inc. now owns 171,746 shares of the company’s stock worth $1,453,000 after acquiring an additional 107,394 shares during the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.
About Sprinklr
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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