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

Sprinklr, Inc. (NYSE:CXM) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment 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 price objective among brokerages that have covered the stock in the last year is $10.13.

Several analysts recently issued reports on CXM shares. Rosenblatt Securities restated a “buy” rating and set a $10.50 target price on shares of Sprinklr in a research report on Friday, February 7th. Stifel Nicolaus boosted their target price 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. Wells Fargo & Company lowered shares of Sprinklr from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $8.00 to $6.00 in a research report on Tuesday, November 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a report on Thursday, December 5th. Finally, William Blair downgraded shares of Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th.

Sprinklr Trading Down 1.5 %

Shares of NYSE CXM opened at $8.07 on Wednesday. The firm has a 50 day moving average of $8.72 and a 200 day moving average of $8.27. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 50.41, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. Sprinklr has a 12-month low of $6.91 and a 12-month high of $14.32.

Hedge Funds Weigh In On Sprinklr

Several hedge funds have recently modified their holdings of the stock. Jefferies Financial Group Inc. lifted its holdings in shares of Sprinklr by 96.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock worth $49,073,000 after buying an additional 2,851,106 shares in the last quarter. State Street Corp lifted its holdings in shares of Sprinklr by 7.2% in the third quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after buying an additional 322,318 shares in the last quarter. Deutsche Bank AG raised its stake in Sprinklr by 2.7% during the fourth quarter. Deutsche Bank AG now owns 2,792,583 shares of the company’s stock valued at $23,597,000 after purchasing an additional 73,405 shares in the last quarter. Geode Capital Management LLC raised its stake in Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after purchasing an additional 295,638 shares in the last quarter. Finally, Norges Bank purchased a new stake in Sprinklr during the fourth quarter valued at $16,477,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

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.