Sprinklr (NYSE:CXM) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Sprinklr (NYSE:CXM) had its target price raised by Rosenblatt Securities from $10.50 to $12.00 in a report published on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

CXM has been the topic of a number of other reports. JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a report on Friday, February 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.00 target price on shares of Sprinklr in a research report on Wednesday, December 11th. Scotiabank raised their price target on shares of Sprinklr from $7.70 to $8.50 and gave the stock a “sector perform” 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, February 7th. Finally, Barclays raised their target price on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.38.

Sprinklr Price Performance

Shares of NYSE:CXM opened at $9.21 on Thursday. The business’s 50-day moving average is $8.75 and its 200-day moving average is $8.28. Sprinklr has a 1 year low of $6.91 and a 1 year high of $14.32. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 57.53, a P/E/G ratio of 2.31 and a beta of 0.80.

Hedge Funds Weigh In On Sprinklr

Several large investors have recently added to or reduced their stakes in CXM. Jefferies Financial Group Inc. increased its holdings in Sprinklr by 96.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock worth $49,073,000 after purchasing an additional 2,851,106 shares in the last quarter. State Street Corp grew its holdings in Sprinklr by 7.2% during the third quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after buying an additional 322,318 shares in the last quarter. Deutsche Bank AG raised its position in Sprinklr by 2.7% in the 4th quarter. Deutsche Bank AG now owns 2,792,583 shares of the company’s stock valued at $23,597,000 after buying an additional 73,405 shares during the last quarter. Geode Capital Management LLC lifted its stake in Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after acquiring an additional 295,638 shares in the last quarter. Finally, Norges Bank purchased a new position in Sprinklr during the 4th quarter worth $16,477,000. 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.