Sprinklr (NYSE:CXM) Stock Bumped Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Sprinklr (NYSE:CXM) from a hold rating to a buy rating in a report released on Monday,Wall Street Zen reports.

A number of other research firms have also weighed in on CXM. UBS Group set a $7.50 price objective on shares of Sprinklr 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. Morgan Stanley upped their target price on shares of Sprinklr from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. DA Davidson upped their target price on shares of Sprinklr from $6.00 to $6.50 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. Finally, Citigroup reiterated a “market outperform” rating on shares of Sprinklr in a report on Monday, September 14th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.21.

Sprinklr Trading Up 4.4%

NYSE CXM opened at $6.08 on Monday. Sprinklr has a 12 month low of $4.72 and a 12 month high of $8.27. The stock has a market cap of $1.41 billion, a P/E ratio of 60.86 and a beta of 0.77. The stock’s fifty day moving average price is $6.10 and its 200-day moving average price is $5.72.

Sprinklr (NYSE:CXM) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $213.74 million during the quarter, compared to the consensus estimate of $214.45 million. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%. The company’s revenue was up .8% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. Sprinklr has set its FY 2027 guidance at 0.470-0.470 EPS and its Q3 2027 guidance at 0.110-0.110 EPS. As a group, analysts forecast that Sprinklr will post 0.23 earnings per share for the current fiscal year.

Insider Transactions at Sprinklr

In related news, CTO Amitabh Misra sold 40,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $5.73, for a total transaction of $229,200.00. Following the sale, the chief technology officer directly owned 814,779 shares of the company’s stock, valued at $4,668,683.67. This trade represents a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 203,666 shares of Sprinklr stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $5.17, for a total value of $1,052,953.22. Following the completion of the sale, the chief executive officer owned 3,069,659 shares of the company’s stock, valued at $15,870,137.03. The trade was a 6.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 563,385 shares of company stock valued at $3,158,244. Insiders own 25.18% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds have recently bought and sold shares of CXM. SG Americas Securities LLC lifted its holdings in shares of Sprinklr by 84.9% during the 1st quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock valued at $50,265,000 after buying an additional 3,846,652 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Sprinklr by 19.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock worth $15,891,000 after buying an additional 438,083 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Sprinklr by 214.3% in the 1st quarter. First Trust Advisors LP now owns 634,417 shares of the company’s stock worth $3,807,000 after buying an additional 432,565 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of Sprinklr in the second quarter worth $1,310,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Sprinklr by 37.5% in the first quarter. Pacer Advisors Inc. now owns 869,926 shares of the company’s stock worth $5,220,000 after acquiring an additional 237,216 shares during the period. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Company Profile

Sprinklr, Inc is a software company that provides a unified customer experience management (CXM) platform for enterprises and government organizations. Its cloud-based solutions help organizations manage customer interactions across digital channels, social media, contact centers and other communication touchpoints from a common platform.

The company’s offerings include customer service and contact-center tools, social media management, digital engagement, marketing and advertising capabilities, customer feedback, and artificial intelligence-powered analytics and insights.