Sprinklr’s (CXM) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of Sprinklr (NYSE:CXM) in a research note issued to investors on Monday,Benzinga reports. JMP Securities currently has a $17.00 target price on the stock.

Several other research firms have also recently issued reports on CXM. Rosenblatt Securities reiterated a “buy” rating and issued a $10.50 price objective on shares of Sprinklr in a report on Thursday, December 5th. Barclays boosted their price target on Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Scotiabank increased their price objective on Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. Stifel Nicolaus lifted their target price on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, DA Davidson boosted their price target on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.13.

Sprinklr Stock Performance

Shares of NYSE CXM opened at $9.10 on Monday. Sprinklr has a 1 year low of $6.91 and a 1 year high of $14.31. The company’s fifty day moving average price is $7.98 and its 200 day moving average price is $8.51. The company has a market capitalization of $2.31 billion, a PE ratio of 56.88, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CXM. Federated Hermes Inc. boosted its stake in Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock valued at $16,320,000 after acquiring an additional 1,694,900 shares in the last quarter. Solel Partners LP boosted its holdings in shares of Sprinklr by 46.8% in the second quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock valued at $35,526,000 after acquiring an additional 1,176,726 shares during the period. Letko Brosseau & Associates Inc. grew its position in shares of Sprinklr by 63.5% during the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock worth $20,494,000 after acquiring an additional 827,375 shares during the last quarter. State Street Corp raised its position in Sprinklr by 7.2% in the 3rd 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 last quarter. Finally, Geode Capital Management LLC grew its position in Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after purchasing an additional 295,638 shares during the last quarter. 40.19% of the stock is 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.