Sprinklr (NYSE:CXM – Get Rating) announced its earnings results on Tuesday. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01, Briefing.com reports. The company had revenue of $144.98 million during the quarter, compared to analyst estimates of $140.96 million. Sprinklr had a negative net margin of 23.69% and a negative return on equity of 21.64%. The business’s revenue for the quarter was up 30.6% on a year-over-year basis.
Shares of NYSE:CXM opened at $9.84 on Friday. The firm’s 50 day moving average price is $12.45 and its 200 day moving average price is $12.65. Sprinklr has a fifty-two week low of $9.41 and a fifty-two week high of $26.50.
Several research analysts have weighed in on the stock. Morgan Stanley lowered their target price 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. JPMorgan Chase & Co. reduced their price target on shares of Sprinklr from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday. JMP Securities reduced their price target on shares of Sprinklr from $27.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 7th. Wells Fargo & Company increased their price target on shares of Sprinklr from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 7th. Finally, Stifel Nicolaus reduced their price target on shares of Sprinklr from $18.00 to $15.00 in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Sprinklr currently has a consensus rating of “Buy” and a consensus target price of $17.07.
Several institutional investors and hedge funds have recently made changes to their positions in CXM. Royal Bank of Canada purchased a new position in Sprinklr in the 2nd quarter valued at $31,000. Citigroup Inc. grew its position in Sprinklr by 308.9% in the 1st quarter. Citigroup Inc. now owns 2,212 shares of the company’s stock valued at $26,000 after buying an additional 1,671 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Sprinklr during the 4th quarter worth $40,000. Advisors Asset Management Inc. purchased a new stake in shares of Sprinklr during the 1st quarter worth $44,000. Finally, UBS Group AG boosted its position in shares of Sprinklr by 23.4% during the 1st quarter. UBS Group AG now owns 5,862 shares of the company’s stock worth $69,000 after purchasing an additional 1,111 shares in the last quarter. Institutional investors and hedge funds own 30.22% of the company’s stock.
Sprinklr Company Profile (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.
- Get a free copy of the StockNews.com research report on Sprinklr (CXM)
- Vuzix Stock Stays Optimistic
- Palo Alto Networks: Pioneering AI in Cybersecurity
- Dividend Stocks and Your Roth IRA
- The Analysts Upgrade… Retail Stocks?
- The Q2 Earnings Season Could Be A Bloodbath
Receive News & Ratings for Sprinklr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprinklr and related companies with MarketBeat.com's FREE daily email newsletter.