Sprinklr (NYSE:CXM) Issues FY25 Earnings Guidance

Sprinklr (NYSE:CXM) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.38-0.39 for the period, compared to the consensus earnings per share estimate of $0.38. The company issued revenue guidance of $804.5-805.5 million, compared to the consensus revenue estimate of $802.08 million. Sprinklr also updated its Q1 guidance to $0.07 EPS.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CXM. Cantor Fitzgerald reduced their target price on shares of Sprinklr from $21.00 to $16.00 and set an overweight rating for the company in a report on Thursday, December 7th. Rosenblatt Securities reaffirmed a buy rating and issued a $16.00 target price on shares of Sprinklr in a report on Wednesday, March 20th. Barclays reduced their target price on shares of Sprinklr from $18.00 to $15.00 and set an overweight rating for the company in a report on Monday, December 11th. BTIG Research cut shares of Sprinklr from a buy rating to a neutral rating in a report on Thursday, December 7th. Finally, Morgan Stanley reduced their target price on shares of Sprinklr from $18.00 to $16.00 and set an equal weight rating for the company in a research note on Friday, December 8th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Sprinklr presently has a consensus rating of Moderate Buy and an average target price of $16.41.

Sprinklr Trading Up 1.5 %

Shares of CXM stock traded up $0.19 during mid-day trading on Wednesday, reaching $13.01. The stock had a trading volume of 4,028,919 shares, compared to its average volume of 2,702,033. Sprinklr has a 12-month low of $10.45 and a 12-month high of $17.14. The business has a 50-day simple moving average of $12.88 and a 200 day simple moving average of $13.38. The company has a market cap of $3.56 billion, a P/E ratio of 116.56, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89.

Insiders Place Their Bets

In other news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $11.99, for a total transaction of $124,983.76. Following the completion of the transaction, the insider now directly owns 80,952 shares of the company’s stock, valued at approximately $970,614.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $11.99, for a total transaction of $124,983.76. Following the completion of the transaction, the insider now directly owns 80,952 shares of the company’s stock, valued at approximately $970,614.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ragy Thomas sold 11,742 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $152,998.26. Following the transaction, the chief executive officer now directly owns 438,214 shares of the company’s stock, valued at $5,709,928.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 195,682 shares of company stock worth $2,476,123. Insiders own 40.29% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Sprinklr by 11.5% in the third quarter. Vanguard Group Inc. now owns 7,343,260 shares of the company’s stock valued at $67,704,000 after buying an additional 759,933 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Sprinklr by 302.9% during the 2nd quarter. BlackRock Inc. now owns 6,344,527 shares of the company’s stock worth $87,745,000 after acquiring an additional 4,769,625 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Sprinklr by 16,066.1% during the 4th quarter. Point72 Asset Management L.P. now owns 1,907,600 shares of the company’s stock worth $22,968,000 after acquiring an additional 1,895,800 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Sprinklr by 9.7% during the 4th quarter. Nuveen Asset Management LLC now owns 1,852,315 shares of the company’s stock worth $22,302,000 after acquiring an additional 163,060 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Sprinklr during the 4th quarter worth about $21,405,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

About Sprinklr

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.