Sprinklr (NYSE:CXM) Updates Q4 Earnings Guidance

Sprinklr (NYSE:CXM) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $(0.08)-$(0.09) for the period, compared to the Thomson Reuters consensus estimate of ($0.09). The company issued revenue guidance of $129-131 million, compared to the consensus revenue estimate of $130.38 million.

Several brokerages recently commented on CXM. JPMorgan Chase & Co. raised shares of Sprinklr from a neutral rating to an overweight rating and decreased their price objective for the company from $22.00 to $20.00 in a research report on Friday, December 10th. Oppenheimer decreased their price objective on shares of Sprinklr from $29.00 to $23.00 and set an outperform rating for the company in a research report on Friday, December 10th. They noted that the move was a valuation call. Wells Fargo & Company decreased their price objective on shares of Sprinklr from $20.00 to $15.00 and set an equal weight rating for the company in a research report on Friday, December 10th. Finally, Barclays decreased their price objective on shares of Sprinklr from $23.00 to $19.00 and set an overweight rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprinklr currently has an average rating of Buy and an average target price of $21.97.

Shares of NYSE:CXM opened at $14.34 on Thursday. Sprinklr has a 1 year low of $12.12 and a 1 year high of $26.50. The company’s 50 day simple moving average is $15.54.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Thursday, December 9th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The company had revenue of $127.06 million for the quarter, compared to analyst estimates of $118.03 million. Sprinklr had a negative return on equity of 63.92% and a negative net margin of 19.79%. As a group, analysts expect that Sprinklr will post -0.57 earnings per share for the current fiscal year.

In other news, CTO Pavitar Singh sold 3,065 shares of Sprinklr stock in a transaction on Monday, December 27th. The stock was sold at an average price of $16.05, for a total transaction of $49,193.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Wilson Grad Conn sold 10,000 shares of Sprinklr stock in a transaction on Wednesday, December 15th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 413,065 shares of company stock worth $6,163,193.

Large investors have recently modified their holdings of the stock. Morgan Stanley increased its position in shares of Sprinklr by 55.3% during the 3rd quarter. Morgan Stanley now owns 42,731 shares of the company’s stock worth $747,000 after purchasing an additional 15,214 shares during the last quarter. Wells Fargo & Company MN acquired a new stake in shares of Sprinklr during the 2nd quarter worth about $670,000. Finally, Royal Bank of Canada increased its position in shares of Sprinklr by 515.0% during the 3rd quarter. Royal Bank of Canada now owns 9,225 shares of the company’s stock worth $161,000 after purchasing an additional 7,725 shares during the last quarter. 35.31% of the stock is owned by hedge funds and other institutional investors.

About Sprinklr

Sprinklr, Inc develops and provides a cloud-based unified customer experience management platform for enterprises worldwide. It enables organizations to do marketing, advertising, research, care, sales, and engagement across modern channels, including social, messaging, chat, and text through its unified customer experience management software platform.

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