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

Sprinklr, Inc. (NYSE:CXM) has earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $10.13.

A number of equities analysts have recently commented on the company. DA Davidson boosted their price target on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a report on Friday, February 7th. Stifel Nicolaus boosted their price target on Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Wells Fargo & Company cut Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $8.00 to $6.00 in a report on Tuesday, November 12th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a research report on Thursday, December 5th.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors have recently made changes to their positions in CXM. Jefferies Financial Group Inc. grew its position in shares of Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock valued at $49,073,000 after buying an additional 2,851,106 shares during the last quarter. Norges Bank bought a new stake in shares of Sprinklr in the 4th quarter valued at about $16,477,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Sprinklr in the 4th quarter valued at about $3,786,000. JPMorgan Chase & Co. grew its position in shares of Sprinklr by 224.5% in the 3rd 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, Tudor Investment Corp ET AL bought a new stake in shares of Sprinklr in the 4th quarter valued at about $3,422,000. Institutional investors own 40.19% of the company’s stock.

Sprinklr Stock Performance

Sprinklr stock opened at $8.90 on Friday. Sprinklr has a 52 week low of $6.91 and a 52 week high of $14.31. The stock has a market capitalization of $2.26 billion, a P/E ratio of 55.60, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79. The stock has a fifty day moving average of $8.84 and a 200-day moving average of $8.32.

About Sprinklr

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.