JMP Securities Reaffirms Market Outperform Rating for Sprinklr (NYSE:CXM)

Sprinklr (NYSE:CXM)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a research note issued to investors on Monday,Benzinga reports. They presently have a $17.00 target price on the stock. JMP Securities’ target price suggests a potential upside of 82.80% from the stock’s current price.

Several other brokerages also recently weighed in on CXM. Wells Fargo & Company downgraded Sprinklr from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $8.00 to $6.00 in a report on Tuesday, November 12th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.00 price objective on shares of Sprinklr in a research report on Wednesday, December 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.50 target price on shares of Sprinklr in a report on Thursday, December 5th. Barclays increased their price target on shares of Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Finally, Scotiabank boosted their price objective 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.13.

Sprinklr Stock Down 1.3 %

CXM stock opened at $9.30 on Monday. The business has a 50 day moving average of $7.94 and a 200 day moving average of $8.50. The firm has a market cap of $2.36 billion, a PE ratio of 58.13, a price-to-earnings-growth ratio of 3.02 and a beta of 0.81. Sprinklr has a twelve month low of $6.91 and a twelve month high of $14.31.

Hedge Funds Weigh In On Sprinklr

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC grew its holdings in shares of Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after acquiring an additional 1,904 shares during the period. CIBC Asset Management Inc boosted its position in Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after purchasing an additional 1,694 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Sprinklr in the third quarter worth about $105,000. GSA Capital Partners LLP bought a new stake in shares of Sprinklr during the 3rd quarter valued at about $129,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of Sprinklr during the 3rd quarter valued at about $142,000. 40.19% of the stock is owned by 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.