Sprinklr (NYSE:CXM) Releases FY 2023 Earnings Guidance

Sprinklr (NYSE:CXMGet Rating) updated its FY 2023 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $-0.220-$-0.200 for the period, compared to the Thomson Reuters consensus estimate of $-0.200. The company issued revenue guidance of $607 million-$615 million, compared to the consensus revenue estimate of $588.97 million.Sprinklr also updated its Q1 2023 guidance to $-0.070-$-0.060 EPS.

Several brokerages have commented on CXM. Barclays dropped their target price on shares of Sprinklr from $23.00 to $19.00 and set an overweight rating for the company in a research report on Wednesday, January 12th. Stifel Nicolaus dropped their target price on shares of Sprinklr from $26.00 to $18.00 and set a buy rating for the company in a research report on Monday, March 21st. Wells Fargo & Company boosted their price target on shares of Sprinklr from $11.00 to $12.00 and gave the company an equal weight rating in a report on Thursday, April 7th. Zacks Investment Research raised shares of Sprinklr from a hold rating to a buy rating and set a $13.00 price target for the company in a report on Thursday, March 24th. Finally, JMP Securities decreased their price target on shares of Sprinklr from $27.00 to $22.00 and set a market outperform rating for the company in a report on Thursday, April 7th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Sprinklr currently has an average rating of Buy and an average target price of $18.33.

Sprinklr stock opened at $13.61 on Wednesday. Sprinklr has a twelve month low of $9.62 and a twelve month high of $26.50. The firm has a 50-day moving average of $12.17.

Sprinklr (NYSE:CXMGet Rating) last released its quarterly earnings results on Wednesday, April 6th. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. The firm had revenue of $135.67 million for the quarter, compared to analysts’ expectations of $130.38 million. Sprinklr had a negative net margin of 23.17% and a negative return on equity of 30.66%. Sprinklr’s quarterly revenue was up 30.3% on a year-over-year basis. On average, equities research analysts anticipate that Sprinklr will post -0.45 earnings per share for the current year.

In other Sprinklr news, CTO Pavitar Singh sold 22,000 shares of the stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $13.01, for a total transaction of $286,220.00. Following the transaction, the chief technology officer now owns 30,329 shares in the company, valued at approximately $394,580.29. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ragy Thomas sold 1,048,005 shares of the stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $14.79, for a total transaction of $15,499,993.95. Following the sale, the chief executive officer now owns 31,250 shares in the company, valued at approximately $462,187.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,073,416 shares of company stock worth $15,833,252.

Several hedge funds have recently added to or reduced their stakes in CXM. Millennium Management LLC raised its stake in shares of Sprinklr by 220.2% during the fourth quarter. Millennium Management LLC now owns 162,285 shares of the company’s stock valued at $2,575,000 after acquiring an additional 111,597 shares during the last quarter. Marshall Wace LLP raised its stake in Sprinklr by 31.5% during the fourth quarter. Marshall Wace LLP now owns 442,100 shares of the company’s stock worth $7,015,000 after buying an additional 105,776 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Sprinklr during the fourth quarter worth $1,530,000. BlackRock Inc. raised its stake in Sprinklr by 45.2% during the fourth quarter. BlackRock Inc. now owns 302,082 shares of the company’s stock worth $4,793,000 after buying an additional 94,016 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Sprinklr by 466.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 106,521 shares of the company’s stock worth $1,690,000 after buying an additional 87,710 shares during the last quarter. 36.01% 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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