Sprinklr (NYSE:CXM) Price Target Raised to $12.00 at Rosenblatt Securities

Sprinklr (NYSE:CXM) had its target price raised by research analysts at Rosenblatt Securities from $10.50 to $12.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 31.51% from the company’s current price.

Several other research firms have also commented on CXM. Scotiabank raised 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. Stifel Nicolaus raised their target price on shares of Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.00 target price on shares of Sprinklr in a report on Wednesday, December 11th. JMP Securities reissued a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Friday, February 7th. Finally, William Blair downgraded shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sprinklr currently has a consensus rating of “Hold” and an average price target of $10.38.

Sprinklr Stock Down 0.8 %

CXM stock opened at $9.13 on Thursday. Sprinklr has a 12 month low of $6.91 and a 12 month high of $14.32. The firm has a market cap of $2.32 billion, a P/E ratio of 57.03, a P/E/G ratio of 2.31 and a beta of 0.80. The company’s 50-day moving average price is $8.76 and its two-hundred day moving average price is $8.28.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently added to or reduced their stakes in CXM. CWA Asset Management Group LLC acquired a new stake in Sprinklr during the 3rd quarter worth approximately $194,000. Entropy Technologies LP boosted its position in Sprinklr by 18.2% during the 3rd quarter. Entropy Technologies LP now owns 46,088 shares of the company’s stock worth $356,000 after buying an additional 7,095 shares during the period. GSA Capital Partners LLP acquired a new stake in Sprinklr during the 3rd quarter worth approximately $129,000. Victory Capital Management Inc. boosted its position in Sprinklr by 17.0% during the 3rd quarter. Victory Capital Management Inc. now owns 61,518 shares of the company’s stock worth $476,000 after buying an additional 8,928 shares during the period. Finally, Quest Partners LLC raised its holdings in Sprinklr by 103.5% during the 3rd quarter. Quest Partners LLC now owns 44,441 shares of the company’s stock worth $344,000 after purchasing an additional 22,601 shares during the last quarter. 40.19% of the stock is currently 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.