Sprinklr, Inc. (NYSE:CXM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Sprinklr, Inc. (NYSE:CXM) have been given an average recommendation of “Hold” by the fourteen analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $10.13.

Several research firms recently commented on CXM. William Blair cut shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Barclays upped their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Rosenblatt Securities reissued a “buy” rating and set a $10.50 target price on shares of Sprinklr in a research report on Friday, February 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a report on Friday, February 7th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a report on Thursday, December 5th.

Sprinklr Stock Down 2.3 %

Shares of CXM stock opened at $8.97 on Friday. Sprinklr has a 12 month low of $6.91 and a 12 month high of $14.31. The firm has a market cap of $2.28 billion, a PE ratio of 56.03, a price-to-earnings-growth ratio of 2.35 and a beta of 0.79. The stock has a 50 day moving average of $8.84 and a 200-day moving average of $8.33.

Institutional Investors Weigh In On Sprinklr

Institutional investors and hedge funds have recently made changes to their positions in the company. Everence Capital Management Inc. acquired a new stake in shares of Sprinklr during the 3rd quarter worth about $105,000. LB Partners LLC bought a new stake in Sprinklr during the third quarter worth about $304,000. GW Henssler & Associates Ltd. bought a new stake in Sprinklr during the third quarter worth about $142,000. Horrell Capital Management Inc. increased its holdings in shares of Sprinklr by 31.7% during the third quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock worth $5,295,000 after buying an additional 165,000 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of Sprinklr in the third quarter valued at approximately $194,000. Institutional investors and hedge funds 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.