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

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

A number of research analysts have recently commented on CXM shares. KeyCorp dropped their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald reissued a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a research note on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.00 price objective on shares of Sprinklr in a research note on Wednesday, December 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $10.50 price objective on shares of Sprinklr in a report on Thursday, December 5th. Finally, Stifel Nicolaus boosted their target price on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, December 5th.

Hedge Funds Weigh In On Sprinklr

A number of hedge funds have recently bought and sold shares of CXM. Everence Capital Management Inc. acquired a new position in Sprinklr in the third quarter valued at approximately $105,000. CIBC Asset Management Inc lifted its position in shares of Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after acquiring an additional 1,694 shares during the period. GSA Capital Partners LLP bought a new position in Sprinklr during the third quarter worth $129,000. GW Henssler & Associates Ltd. acquired a new stake in Sprinklr in the third quarter worth $142,000. Finally, CWA Asset Management Group LLC bought a new stake in Sprinklr in the third quarter valued at $194,000. Institutional investors own 40.19% of the company’s stock.

Sprinklr Price Performance

Shares of NYSE:CXM opened at $8.53 on Friday. Sprinklr has a one year low of $6.91 and a one year high of $14.31. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 53.32, a PEG ratio of 3.02 and a beta of 0.81. The firm has a 50 day simple moving average of $8.21 and a 200 day simple moving average of $8.46.

Sprinklr Company Profile

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.