Sprinklr (NYSE:CXM) Rating Lowered to Market Perform at William Blair

Sprinklr (NYSE:CXM) was downgraded by William Blair from an “outperform” rating to a “market perform” rating in a research note issued on Friday,Finviz reports.

Several other equities research analysts have also commented on CXM. Cantor Fitzgerald reiterated a “neutral” rating and issued a $9.00 price objective on shares of Sprinklr in a research report on Thursday, December 5th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research report on Monday, December 16th. Scotiabank increased their target price on Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a report on Thursday, December 5th. Stifel Nicolaus boosted their price objective on shares of Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lowered shares of Sprinklr from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Sprinklr presently has a consensus rating of “Hold” and a consensus price target of $10.13.

Sprinklr Price Performance

CXM opened at $8.88 on Friday. The stock’s 50 day simple moving average is $8.78 and its 200 day simple moving average is $8.35. The stock has a market cap of $2.26 billion, a P/E ratio of 55.47, a P/E/G ratio of 2.97 and a beta of 0.79. Sprinklr has a 1-year low of $6.91 and a 1-year high of $14.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Abbot Financial Management Inc. purchased a new position in Sprinklr in the 4th quarter valued at about $115,000. Victory Capital Management Inc. lifted its stake in shares of Sprinklr by 41.5% in the fourth quarter. Victory Capital Management Inc. now owns 87,070 shares of the company’s stock worth $736,000 after acquiring an additional 25,552 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 purchasing an additional 18,021 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Sprinklr by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,494,287 shares of the company’s stock valued at $12,627,000 after purchasing an additional 11,513 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Sprinklr in the fourth quarter worth $989,000. 40.19% of the stock is currently owned by hedge funds and other 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.