Sprinklr’s (CXM) “Market Outperform” Rating Reiterated at Citizens Jmp

Citizens Jmp reaffirmed their market outperform rating on shares of Sprinklr (NYSE:CXM) in a report issued on Monday,Benzinga reports. Citizens Jmp currently has a $11.00 price target on the stock.

A number of other brokerages have also recently issued reports on CXM. Cantor Fitzgerald reiterated a “neutral” rating 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. Wall Street Zen cut shares of Sprinklr from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Rosenblatt Securities reiterated a “buy” rating and set a $8.50 price target on shares of Sprinklr in a report on Thursday, September 3rd. Finally, Citigroup reissued a “market outperform” rating on shares of Sprinklr in a research report on Monday, September 14th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.21.

Sprinklr Stock Performance

CXM stock opened at $5.42 on Monday. The firm has a 50 day moving average price of $6.40 and a 200-day moving average price of $5.79. Sprinklr has a 52-week low of $4.72 and a 52-week high of $8.27. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 54.25 and a beta of 0.65.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data 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 return on equity of 7.21% and a net margin of 2.65%.The business had revenue of $213.74 million during the quarter, compared to analysts’ expectations of $214.45 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The firm’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. As a group, sell-side analysts forecast that Sprinklr will post 0.23 earnings per share for the current fiscal year.

Insider Activity

In related news, General Counsel Jacob Scott sold 71,585 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $6.97, for a total transaction of $498,947.45. Following the transaction, the general counsel owned 576,827 shares in the company, valued at $4,020,484.19. This represents a 11.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Amitabh Misra sold 40,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer owned 814,779 shares in the company, valued at $4,668,683.67. This represents a 4.68% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold 359,719 shares of company stock valued at $2,105,291 over the last three months. Corporate insiders own 25.18% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently modified their holdings of CXM. SG Americas Securities LLC increased its position in Sprinklr by 84.9% during 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 during the last quarter. Private Management Group Inc. boosted its position in Sprinklr by 1,249.3% in the fourth quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock worth $18,768,000 after purchasing an additional 2,233,542 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Sprinklr by 19.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock worth $15,891,000 after purchasing an additional 438,083 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Sprinklr by 3.9% during the 1st quarter. Bank of America Corp DE now owns 1,680,846 shares of the company’s stock valued at $10,085,000 after purchasing an additional 62,604 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Sprinklr by 8.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,329,921 shares of the company’s stock valued at $7,980,000 after purchasing an additional 108,340 shares during the period. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Company Profile

Sprinklr, Inc (NYSE:CXM) provides an enterprise software platform designed to help organizations manage customer experiences across digital and traditional channels. Its cloud-based Unified Customer Experience Management platform brings together customer-facing functions, data and workflows in a centralized environment.

The company’s products support customer service and contact-center operations, social media management, digital marketing, advertising, customer insights and social listening.