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

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

Several other research analysts also recently issued reports on CXM. Wells Fargo & Company downgraded shares of Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $8.00 to $6.00 in a report on Tuesday, November 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $9.00 price target on shares of Sprinklr in a report on Thursday, December 5th. JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research report on Monday, December 16th. Stifel Nicolaus raised their target price on Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Finally, DA Davidson boosted their price target on shares of Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprinklr presently has an average rating of “Hold” and an average target price of $10.13.

Sprinklr Stock Down 2.1 %

Shares of CXM stock opened at $8.70 on Friday. Sprinklr has a 12 month low of $6.91 and a 12 month high of $14.31. The company has a market cap of $2.21 billion, a PE ratio of 54.35, a price-to-earnings-growth ratio of 2.97 and a beta of 0.79. The business’s 50 day moving average is $8.79 and its two-hundred day moving average is $8.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its position 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 acquiring an additional 322,318 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 295,638 shares in the last quarter. Bank of New York Mellon Corp raised its position in 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 worth $12,627,000 after purchasing an additional 11,513 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Sprinklr by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,055,292 shares of the company’s stock worth $8,917,000 after purchasing an additional 18,021 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Company Profile

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.