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

Shares of Sprinklr, Inc. (NYSE:CXM) have been assigned a consensus recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $10.13.

CXM has been the subject of a number of recent research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. Scotiabank boosted their target price on shares of Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a report on Thursday, December 5th. Wells Fargo & Company downgraded shares of Sprinklr from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $8.00 to $6.00 in a report on Tuesday, November 12th. Barclays upped their price objective on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research note on Monday, December 16th.

Institutional Trading of Sprinklr

Several hedge funds have recently modified their holdings of CXM. State Street Corp raised its position in Sprinklr by 7.2% in the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after purchasing an additional 322,318 shares in the last quarter. Solel Partners LP increased its stake in shares of Sprinklr by 46.8% during the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after buying an additional 1,176,726 shares during the period. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 295,638 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Sprinklr by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,037,271 shares of the company’s stock worth $8,018,000 after acquiring an additional 97,066 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in Sprinklr by 33.0% during the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock worth $7,664,000 after acquiring an additional 246,095 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Price Performance

Shares of Sprinklr stock opened at $8.76 on Tuesday. The stock’s 50 day simple moving average is $8.62 and its 200-day simple moving average is $8.37. The stock has a market cap of $2.23 billion, a P/E ratio of 54.72, a P/E/G ratio of 2.89 and a beta of 0.78. Sprinklr has a 1-year low of $6.91 and a 1-year high of $14.31.

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.