Sprinklr, Inc. (NYSE:CXM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Sprinklr, Inc. (NYSE:CXM) have been assigned a consensus rating of “Hold” from the fourteen research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.13.

A number of research firms have weighed in on CXM. JMP Securities reiterated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research note on Friday, February 7th. Wells Fargo & Company lowered Sprinklr from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $8.00 to $6.00 in a research note on Tuesday, November 12th. Rosenblatt Securities reiterated a “buy” rating and set a $10.50 price objective on shares of Sprinklr in a research note on Friday, February 7th. DA Davidson lifted their price objective on Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, William Blair lowered Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th.

Sprinklr Stock Performance

Shares of CXM opened at $9.23 on Friday. The stock has a 50-day moving average of $8.84 and a two-hundred day moving average of $8.31. Sprinklr has a one year low of $6.91 and a one year high of $14.31. The stock has a market cap of $2.35 billion, a P/E ratio of 57.72, a P/E/G ratio of 2.28 and a beta of 0.79.

Institutional Investors Weigh In On Sprinklr

Large investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. raised its position in Sprinklr by 96.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock valued at $49,073,000 after purchasing an additional 2,851,106 shares during the period. Norges Bank purchased a new stake in shares of Sprinklr during the fourth quarter worth $16,477,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Sprinklr during the fourth quarter worth $3,786,000. JPMorgan Chase & Co. increased its holdings in Sprinklr by 224.5% in the third quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock valued at $4,860,000 after buying an additional 434,920 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in Sprinklr in the fourth quarter valued at $3,422,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

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.