Sprinklr (NYSE:CXM) Earns "Buy" Rating from Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Sprinklr (NYSE:CXM - Free Report) in a report published on Friday,Benzinga reports. The brokerage currently has a $10.50 price target on the stock.

Several other equities research analysts have also weighed in on CXM. JMP Securities reissued a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research note on Monday, December 16th. Scotiabank lifted their price target on Sprinklr from $7.70 to $8.50 and gave the stock a "sector perform" rating in a research note on Thursday, December 5th. Stifel Nicolaus boosted their price objective on Sprinklr from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Thursday, December 5th. William Blair lowered shares of Sprinklr from an "outperform" rating to a "market perform" rating in a report on Friday. Finally, Wells Fargo & Company lowered shares of Sprinklr from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $8.00 to $6.00 in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Sprinklr currently has an average rating of "Hold" and a consensus target price of $10.13.

Sprinklr Trading Up 1.2 %

CXM stock traded up $0.11 on Friday, hitting $9.08. 1,236,165 shares of the company's stock traded hands, compared to its average volume of 1,355,077. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 56.72, a P/E/G ratio of 2.35 and a beta of 0.79. Sprinklr has a 1-year low of $6.91 and a 1-year high of $14.31. The stock has a fifty day moving average of $8.80 and a 200-day moving average of $8.32.

Institutional Investors Weigh In On Sprinklr

Several large investors have recently made changes to their positions in CXM. KLP Kapitalforvaltning AS acquired a new stake in Sprinklr in the 4th quarter worth approximately $188,000. Quantbot Technologies LP boosted its holdings in shares of Sprinklr by 26.5% during the 4th quarter. Quantbot Technologies LP now owns 167,333 shares of the company's stock worth $1,414,000 after buying an additional 35,048 shares during the period. Magnetar Financial LLC acquired a new position in Sprinklr in the 4th quarter valued at $224,000. Teacher Retirement System of Texas bought a new position in Sprinklr in the 4th quarter worth $798,000. Finally, Cibc World Markets Corp acquired a new position in Sprinklr during the 4th quarter worth $92,000. 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.