Sprinklr (NYSE:CXM) Stock Rating Upgraded by Wall Street Zen

Sprinklr (NYSE:CXM) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other research firms have also recently issued reports on CXM. Rosenblatt Securities reaffirmed a “buy” rating and issued a $8.50 price objective on shares of Sprinklr in a research report on Thursday, September 3rd. Cantor Fitzgerald reissued a “neutral” rating on shares of Sprinklr in a report on Thursday, September 3rd. UBS Group set a $7.50 price target on Sprinklr in a research note on Thursday, September 3rd. Citigroup reaffirmed a “market outperform” rating on shares of Sprinklr in a report on Monday, September 14th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $11.00 price target on shares of Sprinklr in a report on Monday, September 21st. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sprinklr has a consensus rating of “Hold” and a consensus target price of $8.21.

Sprinklr Price Performance

Shares of CXM opened at $5.18 on Friday. The firm has a 50-day moving average of $6.31 and a 200-day moving average of $5.75. Sprinklr has a one year low of $4.72 and a one year high of $8.27. The company has a market cap of $1.20 billion, a PE ratio of 51.86 and a beta of 0.77.

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

Insider Activity

In other news, Director Ragy Thomas sold 5,457 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total transaction of $30,286.35. Following the completion of the sale, the director owned 735,253 shares in the company, valued at $4,080,654.15. The trade was a 0.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Joy Corso sold 34,153 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $189,549.15. Following the completion of the transaction, the insider directly owned 1,141,463 shares in the company, valued at $6,335,119.65. The trade was a 2.91% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 359,719 shares of company stock valued at $2,105,291. Company insiders own 25.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Globeflex Capital L P acquired a new stake in shares of Sprinklr during the second quarter worth $1,310,000. Dimensional Fund Advisors LP grew its stake in shares of Sprinklr by 19.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock valued at $15,891,000 after acquiring an additional 438,083 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Sprinklr by 84.9% in the first quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock valued at $50,265,000 after acquiring an additional 3,846,652 shares in the last quarter. Private Management Group Inc. increased its position in Sprinklr by 1,249.3% during the fourth quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock worth $18,768,000 after acquiring an additional 2,233,542 shares during the period. Finally, Quantinno Capital Management LP increased its position in Sprinklr by 966.8% during the first quarter. Quantinno Capital Management LP now owns 248,193 shares of the company’s stock worth $1,489,000 after acquiring an additional 224,928 shares during the period. 40.19% of the stock is owned by institutional investors and hedge funds.

About Sprinklr

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.