Sprinklr (NYSE:CXM) Announces Earnings Results

Sprinklr (NYSE:CXM – Get Rating) posted its quarterly earnings data on Tuesday. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01, Briefing.com reports. Sprinklr had a negative net margin of 23.17% and a negative return on equity of 30.66%. The company had revenue of $144.98 million during the quarter, compared to analyst estimates of $140.96 million. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year.

NYSE:CXM opened at $10.04 on Wednesday. The stock’s 50 day moving average price is $12.55 and its 200 day moving average price is $12.70. Sprinklr has a 52 week low of $9.62 and a 52 week high of $26.50.

CXM has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Sprinklr from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday. Stifel Nicolaus reduced their price objective on shares of Sprinklr from $18.00 to $15.00 in a research note on Wednesday. Wells Fargo & Company upped their target price on Sprinklr from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Thursday, April 7th. JMP Securities dropped their target price on Sprinklr from $27.00 to $22.00 and set a “market outperform” rating on the stock in a report on Thursday, April 7th. Finally, Barclays upped their target price on Sprinklr from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $17.37.

In related news, major shareholder Corporate Investors Ix Lt H&F bought 9,448,005 shares of the firm’s stock in a transaction on Monday, April 11th. The stock was purchased at an average price of $14.79 per share, with a total value of $139,735,993.95. Following the completion of the transaction, the insider now directly owns 10,861,506 shares of the company’s stock, valued at $160,641,673.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ragy Thomas sold 1,048,005 shares of the company’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $14.79, for a total value of $15,499,993.95. Following the sale, the chief executive officer now directly owns 31,250 shares of the company’s stock, valued at approximately $462,187.50. The disclosure for this sale can be found here. Insiders sold 1,131,999 shares of company stock worth $16,612,488 in the last 90 days. 43.75% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CXM. Citigroup Inc. boosted its position in Sprinklr by 308.9% during the first quarter. Citigroup Inc. now owns 2,212 shares of the company’s stock worth $26,000 after purchasing an additional 1,671 shares during the period. Royal Bank of Canada bought a new stake in shares of Sprinklr in the second quarter valued at approximately $31,000. Deutsche Bank AG bought a new stake in shares of Sprinklr in the fourth quarter valued at approximately $40,000. Advisors Asset Management Inc. bought a new stake in shares of Sprinklr in the first quarter valued at approximately $44,000. Finally, UBS Group AG boosted its position in shares of Sprinklr by 23.4% in the first quarter. UBS Group AG now owns 5,862 shares of the company’s stock valued at $69,000 after acquiring an additional 1,111 shares during the period. 30.22% of the stock is owned by hedge funds and other institutional investors.

About Sprinklr (Get Rating)

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.

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