Sprinklr (NYSE:CXM) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Sprinklr (NYSE:CXM) released its quarterly earnings results on Wednesday. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01, FiscalAI reports. The business had revenue of $213.74 million during the quarter, compared to analyst estimates of $214.45 million. Sprinklr had a net margin of 3.29% and a return on equity of 8.13%.

Sprinklr Trading Down 7.7%

Sprinklr stock opened at $7.58 on Wednesday. Sprinklr has a 52 week low of $4.72 and a 52 week high of $8.69. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 63.17 and a beta of 0.64. The company’s 50-day moving average price is $6.30 and its two-hundred day moving average price is $5.78.

Insider Buying and Selling

In other news, CTO Amitabh Misra sold 29,180 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total value of $154,654.00. Following the completion of the transaction, the chief technology officer directly owned 854,779 shares in the company, valued at $4,530,328.70. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, CEO Rory P. Read sold 143,654 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $5.30, for a total transaction of $761,366.20. Following the transaction, the chief executive officer owned 3,419,190 shares in the company, valued at $18,121,707. This represents a 4.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 395,880 shares of company stock worth $2,210,116. Company insiders own 25.18% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sea Cliff Partners Management LP boosted its position in shares of Sprinklr by 1,174.6% during the 2nd quarter. Sea Cliff Partners Management LP now owns 2,166,792 shares of the company’s stock valued at $18,331,000 after purchasing an additional 1,996,792 shares in the last quarter. Norges Bank bought a new stake in shares of Sprinklr in the 4th quarter worth approximately $11,524,000. Goldman Sachs Group Inc. raised its holdings in shares of Sprinklr by 138.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,646,893 shares of the company’s stock worth $12,813,000 after purchasing an additional 957,149 shares in the last quarter. Federated Hermes Inc. lifted its stake in Sprinklr by 53.7% during the fourth quarter. Federated Hermes Inc. now owns 2,361,911 shares of the company’s stock valued at $18,376,000 after purchasing an additional 824,782 shares during the last quarter. Finally, HRT Financial LP lifted its stake in Sprinklr by 1,838.8% during the fourth quarter. HRT Financial LP now owns 833,801 shares of the company’s stock valued at $6,486,000 after purchasing an additional 790,796 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CXM. DA Davidson dropped their price target on shares of Sprinklr from $6.25 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Weiss Ratings upgraded Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Rosenblatt Securities decreased their price objective on Sprinklr from $12.00 to $8.50 and set a “buy” rating for the company in a report on Thursday, June 4th. Finally, Citigroup lowered their target price on Sprinklr from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sprinklr has an average rating of “Hold” and an average price target of $7.79.

About Sprinklr

Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.