Sprinklr (NYSE:CXM) Issues Quarterly Earnings Results

Sprinklr (NYSE:CXMGet Free Report) issued its earnings results on Wednesday. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01, Briefing.com reports. Sprinklr had a return on equity of 7.86% and a net margin of 2.67%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 EPS.

Sprinklr Trading Down 5.9%

Shares of CXM stock opened at $5.66 on Wednesday. The business’s fifty day simple moving average is $5.46 and its 200-day simple moving average is $6.31. Sprinklr has a 12-month low of $4.72 and a 12-month high of $9.40. The company has a market cap of $1.41 billion, a PE ratio of 62.85 and a beta of 0.59.

Insider Activity

In related news, CTO Amitabh Misra sold 34,189 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $5.85, for a total value of $200,005.65. Following the transaction, the chief technology officer directly owned 970,753 shares of the company’s stock, valued at $5,678,905.05. This represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently added to or reduced their stakes in CXM. Aster Capital Management DIFC Ltd boosted its holdings in Sprinklr by 148.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,243 shares of the company’s stock valued at $25,000 after purchasing an additional 1,940 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Sprinklr by 24,370.6% in the third quarter. Larson Financial Group LLC now owns 4,160 shares of the company’s stock valued at $32,000 after purchasing an additional 4,143 shares during the last quarter. Empowered Funds LLC purchased a new stake in Sprinklr in the fourth quarter valued at $38,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Sprinklr during the 4th quarter worth about $44,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Sprinklr during the 4th quarter worth about $45,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CXM. Wall Street Zen upgraded Sprinklr from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Morgan Stanley decreased their price target on Sprinklr from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, March 16th. Citizens Jmp reduced their target price on Sprinklr from $17.00 to $11.00 and set a “market outperform” rating on the stock in a report on Thursday, March 12th. DA Davidson reduced their price objective on Sprinklr from $6.50 to $6.25 and set a “neutral” rating on the stock in a research note on Friday, April 17th. Finally, Weiss Ratings lowered Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, March 30th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $8.28.

Check Out Our Latest Analysis on CXM

Sprinklr Company Profile

(Get Free Report)

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.

See Also

Earnings History for Sprinklr (NYSE:CXM)

Receive News & Ratings for Sprinklr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprinklr and related companies with MarketBeat.com's FREE daily email newsletter.