Sprinklr, Inc. (NYSE:CXM) Receives Consensus Recommendation of “Hold” from Analysts

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

Several research analysts have weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $10.50 target price on shares of Sprinklr in a research note on Thursday, December 5th. Morgan Stanley dropped their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Barclays raised their target price on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. KeyCorp dropped their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. Finally, JMP Securities restated a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Monday, December 16th.

Sprinklr Stock Performance

Shares of CXM opened at $8.79 on Friday. Sprinklr has a fifty-two week low of $6.91 and a fifty-two week high of $14.31. The firm has a 50-day simple moving average of $8.19 and a 200-day simple moving average of $8.47. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 54.94, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81.

Institutional Investors Weigh In On Sprinklr

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Weiss Asset Management LP purchased a new stake in Sprinklr in the third quarter valued at approximately $806,000. Cerity Partners LLC boosted its holdings in shares of Sprinklr by 33.0% in the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after purchasing an additional 246,095 shares during the last quarter. Holocene Advisors LP purchased a new stake in shares of Sprinklr during the 3rd quarter valued at $597,000. Horrell Capital Management Inc. increased its holdings in shares of Sprinklr by 31.7% during the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company’s stock worth $5,295,000 after buying an additional 165,000 shares during the last quarter. Finally, FMR LLC raised its position in shares of Sprinklr by 152.8% in the 3rd quarter. FMR LLC now owns 91,029 shares of the company’s stock worth $704,000 after buying an additional 55,022 shares during the period. Hedge funds and other 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.