Sprinklr (NYSE:CXM) Issues Earnings Results, Misses Expectations By $0.03 EPS

Sprinklr (NYSE:CXM) issued its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03), Zacks reports. Sprinklr had a return on equity of 7.84% and a net margin of 5.59%.

Sprinklr Stock Up 18.6 %

CXM stock traded up $1.51 during trading on Wednesday, hitting $9.59. The company had a trading volume of 1,278,705 shares, compared to its average volume of 1,942,496. The firm has a 50-day moving average price of $8.72 and a 200-day moving average price of $8.27. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 59.68, a PEG ratio of 2.31 and a beta of 0.80. Sprinklr has a 12 month low of $6.91 and a 12 month high of $14.32.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CXM shares. Scotiabank boosted their price target on Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. DA Davidson raised their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.50 price target on shares of Sprinklr in a report on Friday, February 7th. Barclays increased their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Sprinklr currently has a consensus rating of “Hold” and an average target price of $10.13.

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.