Sprinklr (NYSE:CXM) Releases Earnings Results, Misses Expectations By $0.05 EPS

Sprinklr (NYSE:CXM) issued its quarterly earnings results on Wednesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05), Zacks reports. Sprinklr had a return on equity of 7.84% and a net margin of 5.59%.

Sprinklr Price Performance

NYSE:CXM opened at $8.56 on Wednesday. Sprinklr has a one year low of $6.75 and a one year high of $11.01. The business has a fifty day moving average price of $7.84 and a 200-day moving average price of $8.42. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 53.50, a price-to-earnings-growth ratio of 2.31 and a beta of 0.77.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. DA Davidson cut their price objective on shares of Sprinklr from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. William Blair cut shares of Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of Sprinklr from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Tuesday, April 22nd. Rosenblatt Securities upped their price objective on Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a research report on Thursday, March 13th. Finally, Morgan Stanley cut their target price on Sprinklr from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Sprinklr has a consensus rating of “Hold” and an average target price of $9.92.

Insider Activity at Sprinklr

In other news, Director Neeraj Agrawal sold 26,053 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.28, for a total value of $241,771.84. Following the transaction, the director now owns 968,306 shares of the company’s stock, valued at $8,985,879.68. This trade represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 60.53% of the stock is owned by company insiders.

Institutional Trading of Sprinklr

Several institutional investors and hedge funds have recently modified their holdings of CXM. Caxton Associates LLP bought a new position in shares of Sprinklr in the first quarter worth about $287,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Sprinklr by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company’s stock valued at $988,000 after purchasing an additional 2,478 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Sprinklr by 4.0% in the 1st 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 purchasing an additional 10,136 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Sprinklr by 4.6% in the 1st quarter. Millennium Management LLC now owns 581,361 shares of the company’s stock worth $4,854,000 after purchasing an additional 25,609 shares during the period. 40.19% of the stock is currently owned by institutional investors.

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.