Place Oreo cookies in a food processor to make fine crumbs or smash them in a sealed bag.

In a mixer, combine Oreo crumbs, softened cream cheese, and pink food coloring. Mix thoroughly until well combined.

Scoop uniform amounts of the mixture and roll into balls about 1 1/4 inch in size. Place on a parchment-covered cookie sheet.

Place truffle balls in the freezer while preparing the candy coating.

Break vanilla candy coating into pieces and microwave in 20 second bursts, stirring each time until fully melted.

Once melted, dip each truffle in coating using a fork, allowing excess coating to drip off.

Place coated truffles back on the parchment paper and sprinkle with valentine sprinkles while still soft.

Repeat the dipping process until all truffles are coated and decorated.

Return the tray to the refrigerator for at least 15 minutes to set the coating. Serve at room temperature.