Sprinklr (NYSE:CXM) Updates Q3 Earnings Guidance

Sprinklr (NYSE:CXM) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.08 for the period, compared to the consensus EPS estimate of $0.12. The company issued revenue guidance of $196-197 million, compared to the consensus revenue estimate of $193.81 million. Sprinklr also updated its FY25 guidance to $0.32-0.33 EPS.

Sprinklr Stock Performance

Shares of CXM stock traded down $0.02 on Wednesday, hitting $8.59. The company had a trading volume of 4,150,578 shares, compared to its average volume of 2,256,173. The firm has a market cap of $2.28 billion, a P/E ratio of 41.02, a P/E/G ratio of 1.53 and a beta of 0.79. The stock’s 50-day moving average is $9.28 and its two-hundred day moving average is $10.93. Sprinklr has a twelve month low of $8.33 and a twelve month high of $17.14.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $195.96 million for the quarter, compared to analysts’ expectations of $194.54 million. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. Equities research analysts predict that Sprinklr will post 0.19 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays reduced their price objective on Sprinklr from $17.00 to $11.00 and set an overweight rating for the company in a research note on Thursday, June 6th. DA Davidson downgraded shares of Sprinklr from a buy rating to a neutral rating and reduced their price target for the company from $16.00 to $9.00 in a research report on Thursday, June 6th. Stifel Nicolaus lowered their price objective on shares of Sprinklr from $15.00 to $9.00 and set a hold rating on the stock in a report on Thursday, June 6th. Rosenblatt Securities dropped their price objective on shares of Sprinklr from $14.00 to $11.00 and set a buy rating on the stock in a research note on Tuesday. Finally, JMP Securities reissued a market outperform rating and set a $17.00 target price on shares of Sprinklr in a research report on Monday, July 1st. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $12.50.

Insider Activity at Sprinklr

In other news, insider Diane Adams sold 13,717 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $9.20, for a total value of $126,196.40. Following the transaction, the insider now owns 395,222 shares in the company, valued at approximately $3,636,042.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 15,962 shares of company stock valued at $148,000 over the last ninety days. Corporate insiders own 30.12% of the company’s stock.

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.