Sprinklr (NYSE:CXM) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Sprinklr (NYSE:CXM) had its target price raised by equities research analysts at Rosenblatt Securities from $10.50 to $12.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 31.51% from the stock’s previous close.

Other analysts also recently issued reports about the stock. William Blair downgraded shares of Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Stifel Nicolaus lifted their price target on shares of Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Barclays raised 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. JMP Securities reiterated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Friday, February 7th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.38.

Sprinklr Stock Down 0.8 %

Shares of CXM opened at $9.13 on Thursday. Sprinklr has a 12 month low of $6.91 and a 12 month high of $14.32. The company’s fifty day moving average is $8.76 and its 200-day moving average is $8.28. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 57.03, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jefferies Financial Group Inc. boosted its holdings in Sprinklr by 96.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock worth $49,073,000 after purchasing an additional 2,851,106 shares during the last quarter. State Street Corp raised its position 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 valued at $37,311,000 after purchasing an additional 322,318 shares during the period. Deutsche Bank AG raised its position in shares of Sprinklr by 2.7% in 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 during the period. Geode Capital Management LLC raised its position in shares of Sprinklr by 11.9% in 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 during the period. Finally, Norges Bank bought a new position in shares of Sprinklr in the fourth quarter valued at about $16,477,000. Institutional investors and hedge funds 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.