Sprinklr (NYSE:CXM) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Sprinklr (NYSE:CXM) posted its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03), Zacks reports. Sprinklr had a net margin of 5.59% and a return on equity of 7.84%.

Sprinklr Stock Up 12.6 %

Shares of CXM opened at $9.10 on Wednesday. Sprinklr has a twelve month low of $6.91 and a twelve month high of $14.32. The company has a 50 day moving average of $8.72 and a two-hundred day moving average of $8.27. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 56.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80.

Analyst Ratings Changes

Several analysts have recently commented on CXM shares. William Blair cut shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Friday, February 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.50 price target on shares of Sprinklr in a research report on Friday, February 7th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.00 price objective on shares of Sprinklr in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company lowered Sprinklr from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $8.00 to $6.00 in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Sprinklr currently has an average rating of “Hold” and an average target price of $10.13.

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.