Sprinklr (NYSE:CXM) Stock Lifted to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Sprinklr (NYSE:CXM) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other analysts also recently issued reports on CXM. Cantor Fitzgerald restated a “neutral” rating on shares of Sprinklr in a report on Thursday, September 3rd. UBS Group set a $7.50 target price on shares of Sprinklr in a research note on Thursday, September 3rd. Citizens Jmp restated a “market outperform” rating and set a $11.00 price target on shares of Sprinklr in a research note on Monday, September 21st. Weiss Ratings raised shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $8.50 price objective on shares of Sprinklr in a research note on Thursday, September 3rd. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.21.

Sprinklr Trading Down 0.7%

Shares of CXM opened at $5.18 on Friday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 51.86 and a beta of 0.77. The stock has a 50 day moving average of $6.31 and a 200 day moving average of $5.75. Sprinklr has a 12 month low of $4.72 and a 12 month high of $8.27.

Sprinklr (NYSE:CXM) last posted its quarterly earnings data 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. The business had revenue of $213.74 million for the quarter, compared to analysts’ expectations of $214.45 million. Sprinklr had a return on equity of 7.21% and a net margin of 2.65%.The business’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. 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, equities research analysts predict that Sprinklr will post 0.23 earnings per share for the current year.

Insider Buying and Selling at Sprinklr

In other news, General Counsel Jacob Scott sold 26,094 shares of Sprinklr stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $5.55, for a total value of $144,821.70. Following the completion of the transaction, the general counsel owned 550,733 shares in the company, valued at $3,056,568.15. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Sanjay Macwan sold 6,936 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 transaction of $38,494.80. Following the sale, the insider owned 545,997 shares in the company, valued at $3,030,283.35. The trade was a 1.25% decrease in their ownership of the stock. 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 90 days, insiders sold 359,719 shares of company stock valued at $2,105,291. Insiders own 25.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised 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 valued at $140,000 after acquiring an additional 8,322 shares during the period. Engineers Gate Manager LP bought a new position in shares of Sprinklr in the second quarter worth $645,000. Integrated Wealth Concepts LLC bought a new position in shares of Sprinklr in the second quarter worth $31,000. Compass Financial Management LLC purchased a new position in shares of Sprinklr in the second quarter valued at $52,000. Finally, Syon Capital LLC purchased a new position in shares of Sprinklr in the second quarter valued at $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.