Sprinklr (NYSE:CXM) Releases FY 2023 Earnings Guidance

Sprinklr (NYSE:CXMGet Rating) updated its FY 2023 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -$0.08–$0.06 for the period, compared to the consensus estimate of -$0.19. The company issued revenue guidance of $616.00 million-$620.00 million, compared to the consensus revenue estimate of $613.58 million. Sprinklr also updated its Q3 2023 guidance to -$0.02–$0.01 EPS.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Sprinklr from $12.00 to $13.00 and gave the stock a neutral rating in a research report on Thursday, September 15th. Barclays upped their target price on shares of Sprinklr from $14.00 to $15.00 and gave the stock an overweight rating in a research report on Wednesday, June 15th. JPMorgan Chase & Co. reduced their target price on shares of Sprinklr from $20.00 to $15.00 and set an overweight rating on the stock in a research report on Wednesday, June 15th. Stifel Nicolaus reduced their target price on shares of Sprinklr from $18.00 to $15.00 in a research report on Wednesday, June 15th. Finally, Morgan Stanley upped their target price on shares of Sprinklr from $12.00 to $14.00 and gave the stock an equal weight rating in a research report on Friday, September 9th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Sprinklr has an average rating of Moderate Buy and a consensus price target of $16.13.

Sprinklr Price Performance

CXM opened at $9.94 on Thursday. Sprinklr has a fifty-two week low of $9.41 and a fifty-two week high of $20.29. The firm has a 50 day simple moving average of $11.61 and a 200 day simple moving average of $11.81.

Sprinklr (NYSE:CXMGet Rating) last issued its earnings results on Thursday, September 8th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. Sprinklr had a negative net margin of 20.66% and a negative return on equity of 20.08%. The firm had revenue of $150.60 million during the quarter, compared to the consensus estimate of $147.45 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. The business’s quarterly revenue was up 26.9% on a year-over-year basis. Analysts forecast that Sprinklr will post -0.32 EPS for the current year.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, CTO Pavitar Singh sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $11.52, for a total value of $288,000.00. Following the completion of the sale, the chief technology officer now owns 269,738 shares of the company’s stock, valued at $3,107,381.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Pavitar Singh sold 25,000 shares of the stock in a transaction on Friday, June 24th. The shares were sold at an average price of $11.52, for a total transaction of $288,000.00. Following the completion of the sale, the chief technology officer now owns 269,738 shares of the company’s stock, valued at $3,107,381.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Manish Sarin sold 3,931 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $10.21, for a total transaction of $40,135.51. Following the sale, the chief financial officer now directly owns 559,015 shares of the company’s stock, valued at approximately $5,707,543.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 153,419 shares of company stock valued at $1,799,120. Corporate insiders own 43.75% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Large investors have recently made changes to their positions in the stock. Citigroup Inc. increased its position in shares of Sprinklr by 308.9% during the first quarter. Citigroup Inc. now owns 2,212 shares of the company’s stock worth $26,000 after acquiring an additional 1,671 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Sprinklr during the first quarter worth $44,000. Captrust Financial Advisors bought a new stake in shares of Sprinklr during the second quarter worth $48,000. UBS Group AG boosted its holdings in Sprinklr by 23.4% during the first quarter. UBS Group AG now owns 5,862 shares of the company’s stock worth $69,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in Sprinklr during the first quarter worth $108,000. Institutional investors own 53.95% of the company’s stock.

Sprinklr Company Profile

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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 and Estimates for Sprinklr (NYSE:CXM)

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