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

Shares of Sprinklr, Inc. (NYSE:CXM) have earned a consensus rating of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $10.38.

A number of analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research report on Friday, February 7th. William Blair downgraded shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research report on Friday, February 7th. Stifel Nicolaus increased their price objective on shares of Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. DA Davidson increased their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Scotiabank increased their price objective on shares of Sprinklr from $8.50 to $9.00 and gave the company a “sector perform” rating in a research report on Thursday.

Hedge Funds Weigh In On Sprinklr

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Novem Group bought a new position in Sprinklr during the 4th quarter valued at about $246,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Sprinklr by 20.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 250,633 shares of the company’s stock worth $2,118,000 after purchasing an additional 41,919 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Sprinklr in the 4th quarter worth approximately $2,128,000. Two Sigma Advisers LP lifted its stake in shares of Sprinklr by 18.2% in the 4th quarter. Two Sigma Advisers LP now owns 86,300 shares of the company’s stock worth $729,000 after purchasing an additional 13,300 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of Sprinklr by 33.3% in the 4th quarter. ProShare Advisors LLC now owns 35,044 shares of the company’s stock worth $296,000 after purchasing an additional 8,752 shares during the period. Institutional investors own 40.19% of the company’s stock.

Sprinklr Price Performance

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. The company has a market capitalization of $2.32 billion, a PE ratio of 57.03, a P/E/G ratio of 2.31 and a beta of 0.80. Sprinklr has a 1-year low of $6.91 and a 1-year high of $14.32.

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.