Sprinklr, Inc. (NYSE:CXM) Given Average Rating of “Hold” by Analysts

Sprinklr, Inc. (NYSE:CXM) has been given a consensus rating of “Hold” by the fourteen brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $10.13.

Several research analysts have weighed in on CXM shares. Scotiabank increased their price target on shares of Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Barclays lifted their target price on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Wells Fargo & Company downgraded shares of Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. Rosenblatt Securities reissued a “buy” rating and issued a $10.50 price objective on shares of Sprinklr in a research note on Thursday, December 5th. Finally, DA Davidson raised their price target on Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a report on Thursday, December 5th.

Sprinklr Stock Down 0.1 %

Shares of NYSE:CXM opened at $8.57 on Tuesday. The stock has a market capitalization of $2.18 billion, a PE ratio of 53.59, a price-to-earnings-growth ratio of 2.75 and a beta of 0.78. The firm’s 50 day moving average price is $8.56 and its 200-day moving average price is $8.39. Sprinklr has a twelve month low of $6.91 and a twelve month high of $14.31.

Institutional Investors Weigh In On Sprinklr

Several large investors have recently bought and sold shares of the business. Weiss Asset Management LP bought a new stake in shares of Sprinklr in the 3rd quarter valued at approximately $806,000. Geode Capital Management LLC lifted its position in Sprinklr by 11.9% in the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after buying an additional 295,638 shares during the last quarter. Barclays PLC boosted its stake in Sprinklr by 283.7% during the third quarter. Barclays PLC now owns 242,990 shares of the company’s stock worth $1,878,000 after buying an additional 179,661 shares during the period. Cerity Partners LLC increased its position in Sprinklr by 33.0% during the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after acquiring an additional 246,095 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Sprinklr in the third quarter valued at $597,000. Institutional investors own 40.19% of the company’s stock.

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.