Sprinklr (NYSE:CXM) Issues Earnings Results

Sprinklr (NYSE:CXM) released its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03), Zacks reports. Sprinklr had a net margin of 5.59% and a return on equity of 7.84%.

Sprinklr Stock Performance

Sprinklr stock opened at $9.10 on Wednesday. The business has a fifty day moving average of $8.72 and a two-hundred day moving average of $8.27. Sprinklr has a one year low of $6.91 and a one year high of $14.32. The company has a market cap of $2.31 billion, a P/E ratio of 56.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CXM shares. Wells Fargo & Company lowered Sprinklr from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. DA Davidson raised their price target on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. JMP Securities restated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a report on Friday, February 7th. Stifel Nicolaus increased their price target on Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Barclays lifted their price target on Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.13.

About Sprinklr

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.