Sprinklr (NYSE:CXM) Rating Lowered to “Hold” at Wall Street Zen

Sprinklr (NYSE:CXM) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Several other analysts also recently issued reports on CXM. Morgan Stanley increased their price target on Sprinklr from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. DA Davidson raised their price objective on Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Citigroup reaffirmed a “market outperform” rating on shares of Sprinklr in a research report on Monday, September 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $8.50 target price on shares of Sprinklr in a research note on Thursday, September 3rd. Finally, UBS Group set a $7.50 target price on Sprinklr in a research note on Thursday, September 3rd. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.21.

Sprinklr Stock Performance

Shares of NYSE:CXM opened at $5.54 on Friday. The stock has a 50-day simple moving average of $6.19 and a 200-day simple moving average of $5.73. The stock has a market capitalization of $1.29 billion, a P/E ratio of 55.36 and a beta of 0.77. Sprinklr has a 1 year low of $4.72 and a 1 year high of $8.27.

Sprinklr (NYSE:CXM) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Sprinklr had a net margin of 2.65% and a return on equity of 7.21%. The firm had revenue of $213.74 million for the quarter, compared to analyst estimates of $214.45 million. During the same quarter last year, the firm posted $0.13 earnings per share. Sprinklr’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. Analysts predict that Sprinklr will post 0.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Joy Corso sold 34,153 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total value of $189,549.15. Following the completion of the transaction, the insider 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Jacob Scott sold 71,585 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $6.97, for a total value of $498,947.45. Following the sale, the general counsel owned 576,827 shares of the company’s stock, valued at approximately $4,020,484.19. This trade represents a 11.04% 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. In the last 90 days, insiders have sold 563,385 shares of company stock valued at $3,158,244. Insiders own 25.18% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC lifted its holdings in Sprinklr by 44.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,151 shares of the company’s stock worth $140,000 after buying an additional 8,322 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of Sprinklr in the 2nd quarter worth approximately $645,000. Integrated Wealth Concepts LLC acquired a new position in shares of Sprinklr in the 2nd quarter worth approximately $31,000. Compass Financial Management LLC acquired a new position in shares of Sprinklr in the 2nd quarter worth approximately $52,000. Finally, Syon Capital LLC bought a new stake in shares of Sprinklr in the 2nd quarter valued at approximately $131,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Company Profile

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.