Sprinklr’s (CXM) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities reissued their market outperform rating on shares of Sprinklr (NYSE:CXM) in a research note published on Friday morning,Benzinga reports. JMP Securities currently has a $17.00 price objective on the stock.

A number of other analysts have also recently commented on CXM. Wells Fargo & Company cut Sprinklr from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. Rosenblatt Securities restated a “buy” rating and set a $10.50 price target on shares of Sprinklr in a report on Friday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $9.00 price target on shares of Sprinklr in a research note on Thursday, December 5th. Finally, DA Davidson raised their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research note 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 a consensus rating of “Hold” and a consensus price target of $10.13.

Sprinklr Price Performance

Shares of NYSE CXM opened at $8.70 on Friday. Sprinklr has a 1 year low of $6.91 and a 1 year high of $14.31. The firm has a 50-day moving average of $8.79 and a 200 day moving average of $8.34. The stock has a market cap of $2.21 billion, a P/E ratio of 54.35, a price-to-earnings-growth ratio of 2.97 and a beta of 0.79.

Hedge Funds Weigh In On Sprinklr

Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after acquiring an additional 1,928 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Sprinklr during the 4th quarter valued at about $42,000. SG Americas Securities LLC bought a new position in shares of Sprinklr in the 4th quarter worth approximately $89,000. Everence Capital Management Inc. bought a new position in shares of Sprinklr in the 3rd quarter worth approximately $105,000. Finally, EPIQ Capital Group LLC boosted its holdings in shares of Sprinklr by 26.2% in the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock worth $109,000 after buying an additional 2,664 shares during the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

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.