Sprinklr, Inc. (NYSE:CXM) Receives $10.13 Average Price Target from Analysts

Shares of Sprinklr, Inc. (NYSE:CXM) have received a consensus rating of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $10.13.

A number of equities analysts have weighed in on CXM shares. Citigroup reduced their price objective on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. DA Davidson raised their price target on shares of Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Morgan Stanley cut their price objective on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.00 target price on shares of Sprinklr in a research report on Wednesday, December 11th. 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.

Institutional Trading of Sprinklr

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. grew its position in Sprinklr by 107,818.1% in the second quarter. Federated Hermes Inc. now owns 1,696,472 shares of the company’s stock worth $16,320,000 after acquiring an additional 1,694,900 shares during the period. Solel Partners LP grew its holdings in shares of Sprinklr by 46.8% during the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after purchasing an additional 1,176,726 shares during the period. Letko Brosseau & Associates Inc. raised its holdings in Sprinklr by 63.5% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after buying an additional 827,375 shares during the period. JPMorgan Chase & Co. lifted its position in Sprinklr by 224.5% in the third quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock valued at $4,860,000 after buying an additional 434,920 shares during the last quarter. Finally, State Street Corp boosted its stake in Sprinklr by 7.2% during 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 during the period. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Price Performance

NYSE:CXM opened at $8.54 on Friday. The company has a 50 day moving average price of $8.29 and a 200-day moving average price of $8.46. Sprinklr has a 1-year low of $6.91 and a 1-year high of $14.31. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 53.38, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81.

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.