JMP Securities Reaffirms Market Outperform Rating for Sprinklr (NYSE:CXM)

JMP Securities reissued their market outperform rating on shares of Sprinklr (NYSE:CXM) in a report issued on Friday,Benzinga reports. JMP Securities currently has a $17.00 target price on the stock.

A number of other analysts have also issued reports on the company. Barclays raised their target price on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. Wells Fargo & Company cut shares of Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $8.00 to $6.00 in a research report on Tuesday, November 12th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $9.00 price target on shares of Sprinklr in a report on Thursday, December 5th. Finally, DA Davidson lifted their target price on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Sprinklr presently has a consensus rating of “Hold” and an average price target of $10.13.

Sprinklr Stock Performance

Shares of NYSE:CXM opened at $8.70 on Friday. The company has a market cap of $2.21 billion, a P/E ratio of 54.35, a PEG ratio of 2.35 and a beta of 0.79. Sprinklr has a one year low of $6.91 and a one year high of $14.31. The business’s 50-day simple moving average is $8.79 and its 200 day simple moving average is $8.33.

Institutional Investors Weigh In On Sprinklr

Several institutional investors have recently bought and sold shares of CXM. The Manufacturers Life Insurance Company grew its stake 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 worth $627,000 after acquiring an additional 1,117 shares in the last quarter. Handelsbanken Fonder AB grew its position in Sprinklr by 41.9% in the third quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company’s stock valued at $209,000 after purchasing an additional 8,000 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Sprinklr during the 3rd quarter worth about $105,000. LB Partners LLC acquired a new position in shares of Sprinklr during the 3rd quarter worth about $304,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of Sprinklr in the 3rd quarter valued at about $142,000. Institutional investors own 40.19% of the company’s stock.

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.