Sprinklr, Inc. (NYSE:CXM) Given Consensus Rating of "Hold" by Analysts

Sprinklr, Inc. (NYSE:CXM - Get Free Report) has earned an average recommendation of "Hold" from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $10.13.

Several analysts have commented on the stock. Scotiabank lifted their target price on shares of Sprinklr from $7.70 to $8.50 and gave the stock a "sector perform" rating in a research note on Thursday, December 5th. JMP Securities reiterated a "market outperform" rating and issued a $17.00 target price 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 decreased their price target for the stock from $8.00 to $6.00 in a research note on Tuesday, November 12th. Stifel Nicolaus upped their price objective on shares of Sprinklr from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Finally, William Blair cut shares of Sprinklr from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Novem Group purchased a new stake in shares of Sprinklr during the 4th quarter valued at about $246,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Sprinklr by 20.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 250,633 shares of the company's stock valued at $2,118,000 after purchasing an additional 41,919 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of Sprinklr during the fourth quarter worth $2,128,000. Two Sigma Advisers LP grew its holdings in Sprinklr by 18.2% during the 4th quarter. Two Sigma Advisers LP now owns 86,300 shares of the company's stock valued at $729,000 after purchasing an additional 13,300 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Sprinklr by 33.3% during the 4th quarter. ProShare Advisors LLC now owns 35,044 shares of the company's stock worth $296,000 after buying an additional 8,752 shares during the period. Institutional investors and hedge funds own 40.19% of the company's stock.

Sprinklr Trading Up 2.8 %

Shares of NYSE CXM traded up $0.25 during midday trading on Friday, reaching $9.23. 185,898 shares of the stock were exchanged, compared to its average volume of 1,337,876. The stock has a 50 day moving average price of $8.84 and a 200-day moving average price of $8.30. The company has a market capitalization of $2.35 billion, a P/E ratio of 57.60, a P/E/G ratio of 2.35 and a beta of 0.79. Sprinklr has a 52-week low of $6.91 and a 52-week high of $14.31.

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.