Sprinklr’s (CXM) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities reissued their market outperform rating on shares of Sprinklr (NYSE:CXM) in a research report released on Monday,Benzinga reports. They currently have a $17.00 price target on the stock.

Several other brokerages have also commented on CXM. Citigroup decreased their price target on Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.50 price target on shares of Sprinklr in a research note on Thursday, December 5th. KeyCorp lowered their price objective 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. Scotiabank lifted their target price on shares of Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 5th. Finally, Stifel Nicolaus increased their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.13.

Sprinklr Stock Performance

NYSE:CXM opened at $9.10 on Monday. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 56.88, a PEG ratio of 3.02 and a beta of 0.81. Sprinklr has a 1 year low of $6.91 and a 1 year high of $14.31. The stock has a fifty day moving average price of $7.98 and a two-hundred day moving average price of $8.51.

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its stake in Sprinklr by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after acquiring an additional 1,117 shares during the period. CIBC Asset Management Inc boosted its position in shares of Sprinklr by 15.6% during the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares during the period. Louisiana State Employees Retirement System increased its position in Sprinklr by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock valued at $580,000 after acquiring an additional 1,700 shares during the period. CWM LLC boosted its position in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after acquiring an additional 1,904 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of Sprinklr by 12.0% in the second quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock worth $220,000 after purchasing an additional 2,450 shares in the last quarter. 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.