Sprinklr (NYSE:CXM) Shares Gap Up After Earnings Beat

Sprinklr, Inc. (NYSE:CXM) shares gapped up prior to trading on Wednesday following a better than expected earnings announcement. The stock had previously closed at $7.54, but opened at $7.84. Sprinklr shares last traded at $7.6550, with a volume of 1,787,338 shares trading hands.

The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $219.07 million for the quarter, compared to analyst estimates of $209.56 million. Sprinklr had a net margin of 13.42% and a return on equity of 8.03%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 earnings per share. Sprinklr has set its FY 2026 guidance at 0.430-0.440 EPS and its Q4 2026 guidance at 0.090-0.100 EPS.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup dropped their target price on Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, November 24th. Cantor Fitzgerald restated a “neutral” rating and issued a $8.00 price objective on shares of Sprinklr in a research report on Wednesday. DA Davidson reaffirmed a “neutral” rating and set a $9.00 target price on shares of Sprinklr in a report on Thursday. Barclays decreased their target price on shares of Sprinklr from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, September 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $12.00 price target on shares of Sprinklr in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.90.

Insider Activity at Sprinklr

In related news, Director Neeraj Agrawal sold 150,000 shares of the company’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $7.61, for a total transaction of $1,141,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ragy Thomas sold 28,916 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $7.75, for a total transaction of $224,099.00. Following the completion of the transaction, the director directly owned 737,301 shares in the company, valued at $5,714,082.75. This represents a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 732,709 shares of company stock valued at $5,557,979 in the last three months. Company insiders own 60.53% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Large investors have recently bought and sold shares of the company. Maryland State Retirement & Pension System boosted its stake in Sprinklr by 3.8% during the second quarter. Maryland State Retirement & Pension System now owns 33,735 shares of the company’s stock worth $285,000 after buying an additional 1,235 shares during the period. Amalgamated Bank raised its stake in shares of Sprinklr by 4.1% in the 2nd quarter. Amalgamated Bank now owns 32,769 shares of the company’s stock valued at $277,000 after acquiring an additional 1,292 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Sprinklr by 20.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,871 shares of the company’s stock worth $67,000 after acquiring an additional 1,347 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Sprinklr by 7.6% in the 3rd quarter. Cresset Asset Management LLC now owns 30,736 shares of the company’s stock worth $237,000 after acquiring an additional 2,169 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Sprinklr by 4.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 55,800 shares of the company’s stock worth $431,000 after purchasing an additional 2,200 shares during the period. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

Sprinklr Trading Up 1.5%

The company’s fifty day moving average is $7.53 and its two-hundred day moving average is $8.11. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 18.77 and a beta of 0.78.

About Sprinklr

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.