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

Wall Street Zen cut shares of Sprinklr (NYSE:CXM) from a buy rating to a hold rating in a research note published on Sunday morning,Wall Street Zen reports.

Other research analysts have also recently issued research reports about the stock. DA Davidson upped their target price on shares of Sprinklr from $6.00 to $6.50 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Weiss Ratings upgraded shares of Sprinklr from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Citigroup reissued a “market outperform” rating on shares of Sprinklr in a research report on Monday, September 14th. Rosenblatt Securities reissued a “buy” rating and issued a $8.50 price target on shares of Sprinklr in a research report on Thursday, September 3rd. Finally, UBS Group set a $7.50 price objective on shares of Sprinklr in a research note on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.21.

Sprinklr Stock Down 0.1%

CXM stock opened at $5.51 on Friday. The business has a 50 day moving average price of $6.21 and a 200 day moving average price of $5.73. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 55.15 and a beta of 0.77. Sprinklr has a fifty-two week low of $4.72 and a fifty-two week high of $8.27.

Sprinklr (NYSE:CXM) last announced its quarterly earnings results 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 firm had revenue of $213.74 million during the quarter, compared to the consensus estimate of $214.45 million. During the same period in the prior year, the company posted $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 anticipate that Sprinklr will post 0.23 EPS for the current year.

Insiders Place Their Bets

In other news, insider Sanjay Macwan sold 6,936 shares of the firm’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 transaction, the insider directly owned 545,997 shares in the company, valued at approximately $3,030,283.35. This trade represents a 1.25% decrease in their ownership of the stock. The sale 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, Director Ragy Thomas sold 5,457 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $5.55, for a total transaction of $30,286.35. Following the transaction, the director owned 735,253 shares in the company, valued at approximately $4,080,654.15. This trade represents a 0.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 563,385 shares of company stock valued at $3,158,244. 25.18% of the stock is owned by insiders.

Institutional Trading of Sprinklr

A number of large investors have recently bought and sold shares of CXM. SG Americas Securities LLC lifted its position in Sprinklr by 84.9% during the 1st quarter. SG Americas Securities LLC now owns 8,377,479 shares of the company’s stock worth $50,265,000 after acquiring an additional 3,846,652 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Sprinklr by 19.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,648,640 shares of the company’s stock valued at $15,891,000 after purchasing an additional 438,083 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Sprinklr by 214.3% in the 1st quarter. First Trust Advisors LP now owns 634,417 shares of the company’s stock valued at $3,807,000 after purchasing an additional 432,565 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of Sprinklr in the 2nd quarter valued at approximately $1,310,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Sprinklr by 37.5% in the first quarter. Pacer Advisors Inc. now owns 869,926 shares of the company’s stock valued at $5,220,000 after purchasing an additional 237,216 shares during the period. Institutional investors and hedge funds own 40.19% of the company’s stock.

About Sprinklr

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.