Sprinklr, Inc. (NYSE:CXM) Given Average Recommendation of “Hold” by Brokerages

Sprinklr, Inc. (NYSE:CXM) has earned an average recommendation of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.13.

Several brokerages have recently commented on CXM. Stifel Nicolaus lifted their target price on Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. Scotiabank lifted their target price on Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 5th. DA Davidson lifted their target price on 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 Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th.

Sprinklr Trading Down 2.4 %

Shares of NYSE CXM opened at $8.90 on Friday. Sprinklr has a 12 month low of $6.91 and a 12 month high of $14.31. The stock has a 50 day moving average of $8.84 and a 200-day moving average of $8.32. The company has a market capitalization of $2.26 billion, a P/E ratio of 55.60, a P/E/G ratio of 2.34 and a beta of 0.79.

Hedge Funds Weigh In On Sprinklr

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CXM. Everence Capital Management Inc. acquired a new position in Sprinklr in the 3rd quarter valued at $105,000. LB Partners LLC acquired a new position in Sprinklr in the 3rd quarter valued at $304,000. GW Henssler & Associates Ltd. acquired a new position in Sprinklr in the 3rd quarter valued at $142,000. Horrell Capital Management Inc. raised its holdings in Sprinklr by 31.7% in the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock valued at $5,295,000 after acquiring an additional 165,000 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in Sprinklr in the 3rd quarter valued at $194,000. 40.19% of the stock is owned by institutional investors and hedge funds.

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.