Sprinklr (NYSE:CXM) Issues Quarterly Earnings Results

Sprinklr (NYSE:CXMGet Rating) announced its quarterly earnings data on Thursday. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03, Briefing.com reports. Sprinklr had a negative net margin of 20.66% and a negative return on equity of 20.03%. The business had revenue of $150.60 million during the quarter, compared to the consensus estimate of $147.45 million. During the same period in the previous year, the business earned ($0.20) earnings per share. The company’s revenue was up 26.9% on a year-over-year basis.

Sprinklr Stock Up 6.4 %

Shares of CXM opened at $12.30 on Friday. The firm’s fifty day simple moving average is $11.59 and its two-hundred day simple moving average is $11.87. Sprinklr has a 12 month low of $9.41 and a 12 month high of $20.29.

Wall Street Analyst Weigh In

CXM has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Sprinklr from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Wednesday, June 15th. Barclays boosted their price objective on shares of Sprinklr from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, June 15th. Morgan Stanley boosted their price objective on shares of Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Friday. Stifel Nicolaus lowered their price target on shares of Sprinklr from $18.00 to $15.00 in a report on Wednesday, June 15th. Finally, Citigroup lowered their price target on shares of Sprinklr from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, June 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, CMO Arun Pattabhiraman sold 17,812 shares of the company’s stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $10.18, for a total transaction of $181,326.16. Following the sale, the chief marketing officer now owns 352,863 shares of the company’s stock, valued at $3,592,145.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CMO Arun Pattabhiraman sold 17,812 shares of the company’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $10.18, for a total transaction of $181,326.16. Following the transaction, the chief marketing officer now owns 352,863 shares in the company, valued at $3,592,145.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Daniel P. Haley sold 62,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $12.67, for a total transaction of $785,540.00. Following the transaction, the general counsel now owns 100,000 shares in the company, valued at approximately $1,267,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 170,850 shares of company stock valued at $1,967,797. 43.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sprinklr

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Sprinklr by 180.0% in the 1st quarter. Vanguard Group Inc. now owns 4,611,375 shares of the company’s stock worth $54,875,000 after acquiring an additional 2,964,701 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Sprinklr in the 1st quarter worth about $11,368,000. BlackRock Inc. increased its stake in Sprinklr by 227.7% in the 1st quarter. BlackRock Inc. now owns 990,051 shares of the company’s stock valued at $11,781,000 after buying an additional 687,969 shares during the last quarter. State Street Corp lifted its position in shares of Sprinklr by 396.1% during the 1st quarter. State Street Corp now owns 375,884 shares of the company’s stock worth $4,473,000 after buying an additional 300,114 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Sprinklr by 290.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 376,114 shares of the company’s stock worth $4,476,000 after buying an additional 279,675 shares in the last quarter. Institutional investors and hedge funds own 53.95% of the company’s stock.

About Sprinklr

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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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Earnings History for Sprinklr (NYSE:CXM)

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