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

Sprinklr, Inc. (NYSE:CXM) has been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $10.13.

CXM has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a research report on Thursday, December 5th. Barclays increased their target price on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Wells Fargo & Company lowered Sprinklr from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $11.00 price objective on shares of Sprinklr in a research report on Wednesday, December 11th. Finally, Stifel Nicolaus boosted their target price on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in shares of Sprinklr by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after buying an additional 1,117 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after purchasing an additional 1,694 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Sprinklr by 2.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock valued at $580,000 after purchasing an additional 1,700 shares during the period. Commonwealth Equity Services LLC grew its stake in Sprinklr by 12.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock worth $220,000 after buying an additional 2,450 shares during the last quarter. Finally, Entropy Technologies LP lifted its stake in Sprinklr by 18.2% in the third quarter. Entropy Technologies LP now owns 46,088 shares of the company’s stock valued at $356,000 after buying an additional 7,095 shares during the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Stock Down 1.8 %

Sprinklr stock opened at $8.79 on Friday. The firm has a fifty day moving average of $8.19 and a 200-day moving average of $8.47. Sprinklr has a 52-week low of $6.91 and a 52-week high of $14.31. The firm has a market capitalization of $2.24 billion, a P/E ratio of 54.94, a PEG 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.