Rosenblatt Securities Issues Positive Forecast for Sprinklr (NYSE:CXM) Stock Price

Sprinklr (NYSE:CXM) had its price target upped by Rosenblatt Securities from $10.50 to $12.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 28.14% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. 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. William Blair cut Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Barclays increased their price objective on Sprinklr from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Friday, February 7th. Finally, DA Davidson raised their price objective on Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.25.

Sprinklr Stock Performance

Shares of CXM opened at $9.37 on Thursday. The firm’s 50 day moving average price is $8.74 and its two-hundred day moving average price is $8.27. Sprinklr has a twelve month low of $6.91 and a twelve month high of $14.32. The firm has a market cap of $2.38 billion, a P/E ratio of 58.53, a PEG ratio of 2.31 and a beta of 0.80.

Institutional Investors Weigh In On Sprinklr

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. increased its position in Sprinklr by 96.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 5,807,400 shares of the company’s stock valued at $49,073,000 after acquiring an additional 2,851,106 shares during the period. State Street Corp boosted its position in Sprinklr by 7.2% during the third 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 during the last quarter. Deutsche Bank AG grew its holdings in Sprinklr by 2.7% during the 4th quarter. Deutsche Bank AG now owns 2,792,583 shares of the company’s stock worth $23,597,000 after acquiring an additional 73,405 shares during the period. Geode Capital Management LLC raised its position in shares of Sprinklr by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after acquiring an additional 295,638 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Sprinklr in the 4th quarter valued at about $16,477,000. Institutional investors 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.