Sprinklr (NYSE:CXM) Downgraded by William Blair to “Market Perform”

Sprinklr (NYSE:CXM) was downgraded by equities research analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued on Friday,Finviz reports.

A number of other research firms have also recently weighed in on CXM. Wells Fargo & Company cut Sprinklr from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.00 price target on shares of Sprinklr in a research note on Wednesday, December 11th. Scotiabank lifted their price objective on shares of Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. Stifel Nicolaus increased their target price on shares of Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a research report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.13.

Sprinklr Stock Down 0.6 %

CXM opened at $8.88 on Friday. The company’s 50-day moving average price is $8.78 and its 200 day moving average price is $8.35. Sprinklr has a fifty-two week low of $6.91 and a fifty-two week high of $14.31. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 55.47, a price-to-earnings-growth ratio of 2.97 and a beta of 0.79.

Hedge Funds Weigh In On Sprinklr

Several hedge funds have recently bought and sold shares of CXM. FNY Investment Advisers LLC acquired a new stake in Sprinklr in the 4th quarter worth approximately $42,000. SG Americas Securities LLC acquired a new position in Sprinklr in the 4th quarter valued at $89,000. Everence Capital Management Inc. acquired a new position in Sprinklr during the 3rd quarter worth $105,000. Abbot Financial Management Inc. bought a new stake in Sprinklr during the fourth quarter valued at about $115,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Sprinklr in the third quarter valued at about $129,000. 40.19% of the stock is owned by institutional investors and hedge funds.

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.