Sprinklr (NYSE:CXM) Receives Buy Rating from Rosenblatt Securities

Sprinklr (NYSE:CXM)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a report issued on Friday,Benzinga reports. They presently have a $10.50 target price on the stock. Rosenblatt Securities’ price objective points to a potential upside of 18.31% from the stock’s previous close.

A number of other research firms have also recently issued reports on CXM. JMP Securities restated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research note on Monday, December 16th. William Blair downgraded shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research report on Friday. Cantor Fitzgerald restated a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a report on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.00 price target on shares of Sprinklr in a research report on Wednesday, December 11th. Finally, Barclays lifted their price objective on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.13.

Sprinklr Trading Down 0.6 %

CXM stock opened at $8.88 on Friday. Sprinklr has a 1-year low of $6.91 and a 1-year high of $14.31. The business’s 50 day simple moving average is $8.78 and its 200 day simple moving average is $8.35. The firm has a market capitalization of $2.26 billion, a PE ratio of 55.47, a PEG ratio of 2.97 and a beta of 0.79.

Institutional Inflows and Outflows

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

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.