Brokerages Set Sprinklr, Inc. (NYSE:CXM) Target Price at $10.13

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

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $11.00 target price on shares of Sprinklr in a report on Wednesday, December 11th. Morgan Stanley dropped their price objective on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, September 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 target price on shares of Sprinklr in a research note on Thursday, December 5th. Rosenblatt Securities reissued a “buy” rating and issued a $10.50 price target on shares of Sprinklr in a research report on Thursday, December 5th. Finally, Stifel Nicolaus upped their price objective on Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th.

Institutional Investors Weigh In On Sprinklr

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Everence Capital Management Inc. purchased a new position in Sprinklr in the third quarter valued at approximately $105,000. CIBC Asset Management Inc grew its position in shares of Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after buying an additional 1,694 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Sprinklr in the third quarter valued at $129,000. GW Henssler & Associates Ltd. acquired a new position in Sprinklr in the third quarter valued at $142,000. Finally, CWA Asset Management Group LLC purchased a new position in shares of Sprinklr during the third quarter worth about $194,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Stock Up 1.1 %

CXM opened at $8.54 on Friday. Sprinklr has a 52 week low of $6.91 and a 52 week high of $14.31. The business has a fifty day simple moving average of $8.29 and a 200-day simple moving average of $8.46. The firm has a market cap of $2.17 billion, a P/E ratio of 53.38, a P/E/G ratio of 3.02 and a beta of 0.81.

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.