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

Shares of Sprinklr, Inc. (NYSE:CXM) 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.

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

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.