Sprinklr, Inc. (NYSE:CXM) Receives $10.13 Consensus Target Price from Analysts

Sprinklr, Inc. (NYSE:CXM - Get Free Report) has earned an average rating of "Hold" from the fourteen research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.13.

Several research analysts have recently commented on the company. DA Davidson boosted their target price on Sprinklr from $8.00 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, December 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $17.00 price objective on shares of Sprinklr in a research note on Monday, December 16th. JPMorgan Chase & Co. restated a "neutral" rating and set a $11.00 target price on shares of Sprinklr in a research report on Wednesday, December 11th. Morgan Stanley lowered their price objective on shares of Sprinklr from $12.00 to $10.00 and set an "equal weight" rating for the company in a research report on Thursday, September 5th. Finally, Wells Fargo & Company cut Sprinklr from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $8.00 to $6.00 in a research note on Tuesday, November 12th.

Sprinklr Stock Down 3.0 %

Sprinklr stock traded down $0.26 on Friday, hitting $8.53. The company's stock had a trading volume of 1,175,085 shares, compared to its average volume of 2,342,686. Sprinklr has a one year low of $6.91 and a one year high of $14.31. The firm has a market cap of $2.17 billion, a P/E ratio of 53.32, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81. The company has a fifty day moving average price of $8.21 and a 200-day moving average price of $8.47.

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently added to or reduced their stakes in the company. Weiss Asset Management LP bought a new position in Sprinklr in the 3rd quarter worth approximately $806,000. Cerity Partners LLC increased its holdings in shares of Sprinklr by 33.0% in the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company's stock worth $7,664,000 after buying an additional 246,095 shares during the last quarter. Holocene Advisors LP bought a new position in Sprinklr in the third quarter valued at $597,000. Horrell Capital Management Inc. raised its holdings in shares of Sprinklr by 31.7% during the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company's stock valued at $5,295,000 after buying an additional 165,000 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Sprinklr by 152.8% during the third quarter. FMR LLC now owns 91,029 shares of the company's stock worth $704,000 after acquiring an additional 55,022 shares in the last quarter. 40.19% of the stock is owned by 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.