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

Shares of Sprinklr, Inc. (NYSE:CXM) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Two 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 target price among brokers that have issued a report on the stock in the last year is $10.13.

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a research report on Thursday, December 5th. Rosenblatt Securities reiterated a “buy” rating and set a $10.50 price target on shares of Sprinklr in a research report on Thursday, December 5th. Stifel Nicolaus boosted their price objective on Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Scotiabank increased their target price on Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Finally, Barclays boosted their price target on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, December 5th.

Institutional Investors Weigh In On Sprinklr

Institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in Sprinklr by 12.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock worth $220,000 after purchasing an additional 2,450 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Sprinklr by 66.5% during the second quarter. Victory Capital Management Inc. now owns 52,590 shares of the company’s stock valued at $506,000 after acquiring an additional 21,012 shares during the period. Sei Investments Co. lifted its position in shares of Sprinklr by 4.1% in the 2nd quarter. Sei Investments Co. now owns 192,815 shares of the company’s stock valued at $1,855,000 after acquiring an additional 7,682 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Sprinklr by 8.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 263,661 shares of the company’s stock worth $2,536,000 after purchasing an additional 21,281 shares during the period. Finally, Lombard Odier Asset Management USA Corp purchased a new position in Sprinklr during the 2nd quarter worth approximately $277,000. 40.19% of the stock is owned by institutional investors and hedge funds.

Sprinklr Price Performance

CXM stock opened at $8.84 on Tuesday. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 55.22, a PEG ratio of 2.88 and a beta of 0.78. Sprinklr has a 1-year low of $6.91 and a 1-year high of $14.31. The firm has a fifty day moving average price of $8.60 and a two-hundred day moving average price of $8.38.

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.