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

Shares of Sprinklr, Inc. (NYSE:CXMGet Free Report) have earned an average rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $10.38.

Several equities research analysts recently issued reports on CXM shares. Barclays increased their target price on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.00 target price on shares of Sprinklr in a report on Wednesday, December 11th. Rosenblatt Securities increased their target price on shares of Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley increased their target price on shares of Sprinklr from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, William Blair lowered shares of Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th.

View Our Latest Stock Report on Sprinklr

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new position in shares of Sprinklr in the fourth quarter valued at $989,000. Weiss Asset Management LP purchased a new position in shares of Sprinklr in the third quarter valued at $806,000. Geode Capital Management LLC grew its holdings in shares of Sprinklr by 11.9% in the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after purchasing an additional 295,638 shares in the last quarter. Ceera Investments LLC grew its holdings in shares of Sprinklr by 61.4% in the fourth quarter. Ceera Investments LLC now owns 182,105 shares of the company’s stock valued at $1,539,000 after purchasing an additional 69,290 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Sprinklr by 283.7% in the third quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after purchasing an additional 179,661 shares in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Stock Down 0.8 %

Shares of NYSE:CXM opened at $9.13 on Wednesday. The firm’s 50 day moving average price is $8.76 and its 200-day moving average price is $8.28. Sprinklr has a twelve month low of $6.91 and a twelve month high of $14.32. The stock has a market capitalization of $2.32 billion, a PE ratio of 57.03, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80.

About Sprinklr

(Get Free Report

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.

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Analyst Recommendations for Sprinklr (NYSE:CXM)

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