Wall Street Zen Upgrades Sprinklr (NYSE:CXM) to Buy

Sprinklr (NYSE:CXM) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Other equities analysts have also issued research reports about the company. Rosenblatt Securities reissued a “buy” rating and set a $12.00 price target on shares of Sprinklr in a report on Thursday. Barclays cut their target price on Sprinklr from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday. Morgan Stanley lifted their price target on Sprinklr from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Thursday, June 5th. Wells Fargo & Company increased their price objective on Sprinklr from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, June 5th. Finally, DA Davidson boosted their target price on shares of Sprinklr from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.10.

Sprinklr Stock Down 0.3%

NYSE CXM opened at $7.81 on Friday. Sprinklr has a 52-week low of $6.75 and a 52-week high of $9.69. The business’s 50-day moving average price is $8.64 and its 200 day moving average price is $8.35. The firm has a market cap of $2.02 billion, a P/E ratio of 17.34 and a beta of 0.81.

Sprinklr (NYSE:CXM) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Sprinklr had a return on equity of 8.59% and a net margin of 14.64%.The firm had revenue of $212.04 million for the quarter, compared to analyst estimates of $205.39 million. During the same quarter last year, the company posted $0.07 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. Sprinklr has set its FY 2026 guidance at 0.420-0.430 EPS. Q3 2026 guidance at 0.090-0.090 EPS. As a group, analysts anticipate that Sprinklr will post 0.1 earnings per share for the current year.

Insider Buying and Selling at Sprinklr

In other news, CFO Manish Sarin sold 174,749 shares of the firm’s stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $9.07, for a total transaction of $1,584,973.43. Following the completion of the transaction, the chief financial officer directly owned 732,421 shares of the company’s stock, valued at $6,643,058.47. This trade represents a 19.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ragy Thomas sold 3,000,000 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $8.37, for a total value of $25,110,000.00. Following the transaction, the director directly owned 766,217 shares of the company’s stock, valued at $6,413,236.29. The trade was a 79.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,143,242 shares of company stock valued at $82,738,467 in the last quarter. Insiders own 60.53% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently made changes to their positions in CXM. Bank of New York Mellon Corp increased its holdings in shares of Sprinklr by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,560,184 shares of the company’s stock worth $13,028,000 after buying an additional 65,897 shares during the last quarter. GAMMA Investing LLC grew its position in Sprinklr by 209.5% during the first quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock valued at $31,000 after acquiring an additional 2,489 shares during the period. Bank of America Corp DE increased its stake in Sprinklr by 34.2% during the fourth quarter. Bank of America Corp DE now owns 883,398 shares of the company’s stock worth $7,465,000 after acquiring an additional 224,886 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Sprinklr by 9.0% in the 1st quarter. Invesco Ltd. now owns 495,076 shares of the company’s stock worth $4,134,000 after purchasing an additional 40,701 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Sprinklr by 8.5% in the 1st quarter. Vanguard Group Inc. now owns 14,498,855 shares of the company’s stock valued at $121,065,000 after purchasing an additional 1,138,542 shares in the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.