Sprinklr (NYSE:CXM) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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

Sprinklr Price Performance

Shares of CXM opened at $5.66 on Wednesday. Sprinklr has a 1-year low of $4.72 and a 1-year high of $9.40. The stock has a market cap of $1.41 billion, a PE ratio of 62.85 and a beta of 0.59. The firm has a fifty day moving average price of $5.46 and a 200 day moving average price of $6.31.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Sprinklr from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. DA Davidson reduced their price target on shares of Sprinklr from $6.50 to $6.25 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Citizens Jmp reduced their price target on shares of Sprinklr from $17.00 to $11.00 and set a “market outperform” rating on the stock in a research report on Thursday, March 12th. Citigroup dropped their target price on shares of Sprinklr from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Finally, Morgan Stanley dropped their target price on shares of Sprinklr from $10.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $8.28.

Insider Activity at Sprinklr

In other news, CTO Amitabh Misra sold 34,189 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $5.85, for a total value of $200,005.65. Following the completion of the sale, the chief technology officer directly owned 970,753 shares of the company’s stock, valued at approximately $5,678,905.05. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 25.18% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently made changes to their positions in CXM. Aster Capital Management DIFC Ltd increased its stake in shares of Sprinklr by 148.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,243 shares of the company’s stock worth $25,000 after acquiring an additional 1,940 shares during the period. Larson Financial Group LLC grew its position in Sprinklr by 24,370.6% during the third quarter. Larson Financial Group LLC now owns 4,160 shares of the company’s stock worth $32,000 after buying an additional 4,143 shares during the period. Empowered Funds LLC acquired a new position in Sprinklr during the fourth quarter worth about $38,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Sprinklr in the fourth quarter valued at approximately $44,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Sprinklr in the fourth quarter valued at approximately $45,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

About Sprinklr

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.