Sprinklr (NYSE:CXM) Earns Market Outperform Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Sprinklr (NYSE:CXM) in a report issued on Friday morning,Benzinga reports. The firm currently has a $17.00 price objective on the stock.

A number of other research firms have also weighed in on CXM. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.00 price target on shares of Sprinklr in a research report on Wednesday, December 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $9.00 price target on shares of Sprinklr in a research note on Thursday, December 5th. Wells Fargo & Company cut Sprinklr from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. DA Davidson upped their price objective on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, Barclays lifted their target price on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.13.

Sprinklr Stock Down 2.1 %

CXM stock opened at $8.70 on Friday. The business’s 50-day moving average price is $8.79 and its 200-day moving average price is $8.34. The stock has a market cap of $2.21 billion, a P/E ratio of 54.35, a PEG ratio of 2.97 and a beta of 0.79. Sprinklr has a twelve month low of $6.91 and a twelve month high of $14.31.

Institutional Investors Weigh In On Sprinklr

Several large investors have recently bought and sold shares of CXM. PNC Financial Services Group Inc. grew its stake in shares of Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after buying an additional 1,928 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Sprinklr in the 4th quarter valued at about $42,000. SG Americas Securities LLC purchased a new position in Sprinklr in the fourth quarter worth about $89,000. Everence Capital Management Inc. bought a new stake in Sprinklr during the third quarter worth approximately $105,000. Finally, EPIQ Capital Group LLC raised its position in Sprinklr by 26.2% during the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock valued at $109,000 after purchasing an additional 2,664 shares during the period. Institutional investors own 40.19% of the company’s stock.

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.