Sprinklr, Inc. (NYSE:CXM) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Sprinklr, Inc. (NYSE:CXM) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $8.21.

Several research firms have recently weighed in on CXM. Wall Street Zen raised Sprinklr from a “hold” rating to a “buy” rating in a research report on Monday, October 19th. Weiss Ratings upgraded shares of Sprinklr from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. DA Davidson boosted their target price on shares of Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Morgan Stanley increased their price target 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. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Sprinklr in a research note on Thursday, September 3rd.

Insider Buying and Selling at Sprinklr

In other news, CEO Rory P. Read sold 203,666 shares of the 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 transaction, the chief executive officer directly owned 3,069,659 shares of the company’s stock, valued at approximately $15,870,137.03. This represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 sale, the insider directly owned 1,141,463 shares of the company’s stock, valued at approximately $6,335,119.65. This represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 579,792 shares of company stock worth $3,272,601. Company insiders own 25.18% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Several hedge funds and other institutional investors have recently made changes to their positions in CXM. Dimensional Fund Advisors LP raised its holdings in shares of Sprinklr by 19.8% during 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 in the last quarter. First Trust Advisors LP grew its holdings in Sprinklr by 214.3% during the 1st quarter. First Trust Advisors LP now owns 634,417 shares of the company’s stock worth $3,807,000 after acquiring an additional 432,565 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of Sprinklr in the second quarter worth approximately $1,310,000. Pacer Advisors Inc. grew its position in Sprinklr by 37.5% during the 1st quarter. Pacer Advisors Inc. now owns 869,926 shares of the company’s stock worth $5,220,000 after purchasing an additional 237,216 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in Sprinklr by 966.8% in the 1st 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.

Sprinklr Trading Down 2.4%

NYSE CXM opened at $6.67 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 $1.55 billion, a P/E ratio of 66.76 and a beta of 0.67. The stock’s fifty day moving average price is $6.00 and its 200-day moving average price is $5.85.

Sprinklr (NYSE:CXM) last issued its earnings results on Wednesday, September 2nd. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%. The business had revenue of $213.74 million for the quarter, compared to analysts’ expectations of $214.45 million. During the same period in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter 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. As a group, analysts forecast that Sprinklr will post 0.23 earnings per share for the current fiscal year.

Sprinklr Company Profile

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