Sprinklr’s (CXM) “Buy” Rating Reiterated at Rosenblatt Securities

Sprinklr (NYSE:CXM)‘s stock had its “buy” rating reaffirmed by analysts at Rosenblatt Securities in a research report issued on Friday,Benzinga reports. They currently have a $10.50 price target on the stock. Rosenblatt Securities’ price target points to a potential upside of 18.31% from the company’s current price.

CXM has been the topic of several other reports. DA Davidson raised their price target on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Scotiabank upped their price target on Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a research note on Thursday, December 5th. 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. Stifel Nicolaus upped their target price 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, Wells Fargo & Company cut shares of 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Sprinklr currently has a consensus rating of “Hold” and an average price target of $10.13.

Sprinklr Price Performance

Shares of NYSE CXM opened at $8.88 on Friday. Sprinklr has a fifty-two week low of $6.91 and a fifty-two week high of $14.31. The firm has a market capitalization 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. The company’s 50 day simple moving average is $8.78 and its 200 day simple moving average is $8.35.

Hedge Funds Weigh In On Sprinklr

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Sprinklr by 224.5% in the third quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock worth $4,860,000 after purchasing an additional 434,920 shares in the last quarter. State Street Corp increased its stake in Sprinklr by 7.2% in the 3rd 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 during the last quarter. Geode Capital Management LLC lifted its position in Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after buying an additional 295,638 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Sprinklr by 33.0% during 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. Finally, Verition Fund Management LLC grew its holdings in shares of Sprinklr by 742.9% in the 3rd quarter. Verition Fund Management LLC now owns 234,327 shares of the company’s stock valued at $1,811,000 after acquiring an additional 206,526 shares in the last quarter. Institutional investors and hedge funds 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.