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

Shares of Sprinklr, Inc. (NYSE:CXM) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.13.

A number of analysts have recently issued reports on CXM shares. 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. Stifel Nicolaus increased their target price on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Wells Fargo & Company cut shares of Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. DA Davidson increased their price objective on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Scotiabank boosted their target price on Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a research note on Thursday, December 5th.

Sprinklr Trading Up 2.8 %

NYSE:CXM opened at $8.98 on Tuesday. The business’s fifty day moving average price is $8.64 and its 200 day moving average price is $8.36. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 56.10, a PEG ratio of 2.89 and a beta of 0.78. Sprinklr has a 1-year low of $6.91 and a 1-year high of $14.31.

Institutional Trading of Sprinklr

A number of institutional investors and hedge funds have recently modified their holdings of CXM. Commonwealth Equity Services LLC raised its holdings in Sprinklr by 12.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock worth $220,000 after acquiring an additional 2,450 shares during the period. Victory Capital Management Inc. increased its stake in shares of Sprinklr by 66.5% in the second quarter. Victory Capital Management Inc. now owns 52,590 shares of the company’s stock worth $506,000 after purchasing an additional 21,012 shares during the period. Sei Investments Co. lifted its position in shares of Sprinklr by 4.1% during the 2nd quarter. Sei Investments Co. now owns 192,815 shares of the company’s stock worth $1,855,000 after purchasing an additional 7,682 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Sprinklr by 8.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 263,661 shares of the company’s stock valued at $2,536,000 after purchasing an additional 21,281 shares during the period. Finally, Lombard Odier Asset Management USA Corp acquired a new stake in Sprinklr in the 2nd quarter valued at approximately $277,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.