Analysts Set Sprinklr, Inc. (NYSE:CXM) Target Price at $10.13

Shares of Sprinklr, Inc. (NYSE:CXM) have received a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.13.

CXM has been the subject of a number of research analyst reports. Barclays upped their price objective on Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. DA Davidson upped their price target on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Scotiabank lifted 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. Cantor Fitzgerald reissued a “neutral” rating and set a $9.00 target price on shares of Sprinklr in a research report on Thursday, December 5th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Monday, December 16th.

Institutional Trading of Sprinklr

Several large investors have recently modified their holdings of CXM. Janney Montgomery Scott LLC purchased a new position in Sprinklr in the fourth quarter valued at about $989,000. SG Americas Securities LLC purchased a new position in shares of Sprinklr during the 4th quarter valued at approximately $89,000. FNY Investment Advisers LLC acquired a new stake in shares of Sprinklr during the fourth quarter worth approximately $42,000. JPMorgan Chase & Co. increased its stake in shares of Sprinklr by 224.5% in the third quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock worth $4,860,000 after buying an additional 434,920 shares during the last quarter. Finally, 272 Capital LP raised its holdings in Sprinklr by 26.5% in the third quarter. 272 Capital LP now owns 309,248 shares of the company’s stock valued at $2,390,000 after acquiring an additional 64,748 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Sprinklr Stock Performance

Sprinklr stock opened at $8.84 on Tuesday. Sprinklr has a 1 year low of $6.91 and a 1 year high of $14.31. The firm has a 50 day moving average price of $8.60 and a 200 day moving average price of $8.38. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 55.22, a PEG ratio of 2.88 and a beta of 0.78.

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.