Sprinklr (NYSE:CXM) Lowered to “Market Perform” Rating by William Blair

William Blair lowered shares of Sprinklr (NYSE:CXM) from an outperform rating to a market perform rating in a research report sent to investors on Friday morning, MarketBeat reports.

CXM has been the subject of several other reports. Stifel Nicolaus upped their price objective on Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Scotiabank increased their price objective on shares of Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research note on Monday, December 16th. Barclays increased their price target on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.50 target price on shares of Sprinklr in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.13.

Sprinklr Price Performance

Shares of NYSE:CXM opened at $8.70 on Friday. The company’s 50 day simple moving average is $8.79 and its 200 day simple moving average is $8.34. Sprinklr has a 1 year low of $6.91 and a 1 year high of $14.31. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 54.35, a price-to-earnings-growth ratio of 2.97 and a beta of 0.79.

Institutional Investors Weigh In On Sprinklr

A number of large investors have recently bought and sold shares of the stock. State Street Corp boosted its position in shares of Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after purchasing an additional 322,318 shares in the last quarter. Geode Capital Management LLC lifted its stake in Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after acquiring an additional 295,638 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Sprinklr by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company’s stock worth $12,627,000 after acquiring an additional 11,513 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Sprinklr by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company’s stock worth $8,917,000 after acquiring an additional 18,021 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Sprinklr by 33.0% in the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after purchasing an additional 246,095 shares during the last quarter. 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.