Sprinklr (NYSE:CXM) Downgraded to "Market Perform" Rating by William Blair

William Blair downgraded shares of Sprinklr (NYSE:CXM - Free Report) from an outperform rating to a market perform rating in a report issued on Friday, MarketBeat Ratings reports.

Several other research firms have also issued reports on CXM. Wells Fargo & Company lowered Sprinklr from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. Stifel Nicolaus lifted their target price on Sprinklr from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. Rosenblatt Securities reiterated a "buy" rating and set a $10.50 target price on shares of Sprinklr in a report on Thursday, December 5th. Scotiabank lifted their target price on Sprinklr from $7.70 to $8.50 and gave the stock a "sector perform" rating in a report on Thursday, December 5th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $9.00 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 assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $10.13.

Sprinklr Trading Up 0.8 %

Shares of NYSE:CXM traded up $0.08 during midday trading on Friday, hitting $9.05. The company had a trading volume of 1,144,781 shares, compared to its average volume of 1,353,089. Sprinklr has a 12 month low of $6.91 and a 12 month high of $14.31. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 56.45, a PEG ratio of 2.35 and a beta of 0.79. The firm has a fifty day simple moving average of $8.80 and a 200 day simple moving average of $8.32.

Institutional Trading of Sprinklr

Several large investors have recently bought and sold shares of the business. State Street Corp boosted its stake in Sprinklr by 7.2% in the third quarter. State Street Corp now owns 4,826,736 shares of the company's stock valued at $37,311,000 after buying an additional 322,318 shares in the last quarter. Geode Capital Management LLC boosted its stake in Sprinklr by 11.9% in the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company's stock valued at $21,560,000 after buying an additional 295,638 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Sprinklr by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company's stock valued at $12,627,000 after buying an additional 11,513 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Sprinklr by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company's stock valued at $8,917,000 after buying an additional 18,021 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in 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 buying an additional 246,095 shares in the last quarter. 40.19% of the stock is 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.