() updated its FY2024 earnings guidance Wednesday. The company gave a guidance for earnings per share (EPS), which ranged from $0.19 to $0.21, as opposed to the consensus estimate $0.14. The company provided revenue guidance between $711.00 and $715.00 million compared to the consensus estimate of revenue of $712.38 millions. Sprinklr updated its Q2 guidance for 2024 to $0.04-$0.05 per share.
Analyst Upgrades and downgrades
CXM has recently been the subject of several research reports. JMP Securities raised their price target for shares of Sprinklr to $20.00 in a report published on Thursday, 30th March. The company was also given an outperform ranking. Barclays raised their price target on shares of Sprinklr to $13.00 in a report published on Wednesday, Feb. 15th. The company was also given an overweight rating. JPMorgan Chase & Co. raised their price target on shares of Sprinklr to $14.00 in a report published on Thursday, 30th March. The company was also given an overweight rating. Wells Fargo & Company raised their price target on shares of Sprinklr to $11.00 in a report published on Thursday, 30th March. The company also gave it an equal-weight rating. Stifel Nicolaus raised their price target on shares of Sprinklr to $13.00 in a report published on Thursday 30th March. The company was also given a hold rating. Five analysts at equities firms have given the stock a "hold" rating, while five others have given it a "buy" rating. On Wednesday, the price of shares fell by $0.40 to $14.30. The trading volume was 1,776,726 compared to the average of 1,141,631. The company has a simple moving 50-day average of $12.49, and a simple moving 200-day average of $10.52. Sprinklr's 52-week low is $7.25, and its 52-week highest is $14.95.
The company last released its results on Monday, 5th June. The company's $0.01 per share earnings for the quarter met analysts' expectations of $0.01. Revenue for the quarter was $173.36 millions, which is higher than the consensus estimate. Sprinklr's negative net margin was 4.28%, and its negative return on equity was 5.19%. Sprinklr’s quarterly revenue increased 19.6% year-over-year. In the same quarter last year, Sprinklr posted ($0.10) in earnings per share. Analysts on the sell-side predict that Sprinklr's earnings per share will be -0.04 for this fiscal year.
Sprinklr Insider Activities
Insider Diane Adams, in related news, sold 8,086 of the company's shares on Thursday, 16th March. The shares were purchased at an average of $10.28 for a value of $83,124.08. The insider owns directly 107,609 of the company's shares, worth $1,106.220.52. Insider Diane Adams, who was an employee of Sprinklr, sold 8,086 stock shares in a transaction on March 16th. The shares were purchased at an average of $10.28 for a total of $83,124.08. The insider owns directly 107,609 company shares, worth $1,106.220.52. Battery Partners Ix Llc, a major shareholder, sold 499 599 shares in a deal that took place on Tuesday April 11th. The shares were sold for an average price $12.70. This totaled $6,344,907.30. In the past three months, insiders sold 776 210 shares worth $9,623,214. Corporate insiders own 40.29%.
Inflows of Institutional Capital and Outflows
Recently, institutional investors and hedge fund managers have bought and sold shares in the company. Vanguard Group Inc. increased its stake in Sprinklr during the third quarter by 11.5%. Vanguard Group Inc. owns 7,343,260 of the company’s stock, valued at $67.704,000, after adding 759,933 additional shares in the last quarter. BlackRock Inc. increased its holdings of Sprinklr shares by 15.3% during the first quarter. BlackRock Inc. owns 1,574.902 shares worth $20.411,000, after buying an additional 209,000.00 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Sprinklr shares in the first quarter, valued at approximately $11,368,000. Morgan Stanley increased its stake in Sprinklr shares by 1.6% during the fourth quarter. Morgan Stanley owns now 938,310 of the company’s stock valued at $7,666,000, after purchasing 14,959 additional shares during the quarter. Millennium Management LLC increased its stake in Sprinklr shares by 74.7% during the fourth quarter. Millennium Management LLC owns 892 409 shares worth $7 291,000, after buying an additional 381,724 during the last quarter. Institutional investors own 25.7% of the company's stock.
Sprinklr, Inc. provides enterprise cloud-based software products around the world. Sprinklr, Inc. provides enterprise cloud software products worldwide.
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