Sprinklr (NYSE:CXM) Price Target Raised to $12.00

Sprinklr (NYSE:CXM) had its price objective raised by investment analysts at Rosenblatt Securities from $10.50 to $12.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 28.14% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on CXM. JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Friday, February 7th. Cantor Fitzgerald reiterated a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a report on Thursday, December 5th. Stifel Nicolaus upped their target price on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. DA Davidson lifted their price target 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 report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.25.

Sprinklr Stock Performance

CXM stock opened at $9.37 on Thursday. The stock’s 50 day simple moving average is $8.74 and its 200 day simple moving average is $8.27. The company has a market cap of $2.38 billion, a P/E ratio of 58.53, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. Sprinklr has a fifty-two week low of $6.91 and a fifty-two week high of $14.32.

Hedge Funds Weigh In On Sprinklr

Several institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC purchased a new position in Sprinklr in the fourth quarter valued at about $989,000. Weiss Asset Management LP purchased a new position in Sprinklr in the third quarter valued at approximately $806,000. Geode Capital Management LLC grew its holdings in Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after purchasing an additional 295,638 shares during the period. Ceera Investments LLC increased its position in Sprinklr by 61.4% in the fourth quarter. Ceera Investments LLC now owns 182,105 shares of the company’s stock worth $1,539,000 after buying an additional 69,290 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Sprinklr by 283.7% in the third quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after buying an additional 179,661 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.