Sprinklr, Inc. (NYSE:CXM) Receives $10.13 Consensus Price Target from Analysts

Sprinklr, Inc. (NYSE:CXM) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.13.

Several research firms have issued reports on CXM. Wells Fargo & Company downgraded shares of Sprinklr from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $8.00 to $6.00 in a research note on Tuesday, November 12th. JMP Securities restated a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Friday, February 7th. Cantor Fitzgerald restated a “neutral” rating and issued a $9.00 price objective on shares of Sprinklr in a research note on Thursday, December 5th. DA Davidson increased their target price on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, William Blair downgraded shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th.

Institutional Investors Weigh In On Sprinklr

A number of hedge funds have recently added to or reduced their stakes in CXM. Jefferies Financial Group Inc. lifted its position in Sprinklr by 96.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock valued at $49,073,000 after purchasing an additional 2,851,106 shares during the period. Norges Bank purchased a new position in Sprinklr in the fourth quarter valued at about $16,477,000. Susquehanna Fundamental Investments LLC purchased a new position in Sprinklr in the fourth quarter valued at about $3,786,000. JPMorgan Chase & Co. increased its holdings in Sprinklr by 224.5% in the third quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock valued at $4,860,000 after buying an additional 434,920 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in Sprinklr in the fourth quarter valued at about $3,422,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Price Performance

NYSE CXM opened at $9.23 on Friday. Sprinklr has a 1 year low of $6.91 and a 1 year high of $14.31. The company has a market capitalization of $2.35 billion, a PE ratio of 57.72, a P/E/G ratio of 2.28 and a beta of 0.79. The company has a fifty day moving average of $8.84 and a two-hundred day moving average of $8.31.

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.