On September 18, 2023, JMP Securities reiterated coverage of Sprinklr Inc (NYSE:CXM) with a Market Outperform recommendation.
Analyst Price Forecast Suggests 18.50% Upside
As of August 31, 2023, the average one-year price target for Sprinklr Inc is 17.68. The forecasts range from a low of 14.14 to a high of $25.20. The average price target represents an increase of 18.50% from its latest reported closing price of 14.92.
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The projected annual revenue for Sprinklr Inc is 717MM, an increase of 6.28%. The projected annual non-GAAP EPS is 0.09.
What is the Fund Sentiment?
There are 309 funds or institutions reporting positions in Sprinklr Inc. This is an increase of 106 owner(s) or 52.22% in the last quarter. Average portfolio weight of all funds dedicated to CXM is 0.40%, a decrease of 27.87%. Total shares owned by institutions increased in the last three months by 21.50% to 109,853K shares. The put/call ratio of CXM is 0.29, indicating a bullish outlook.
What are Other Shareholders Doing?
Battery Management holds 13,541K shares representing 5.01% ownership of the company. In its prior filing, the firm reported owning 23,137K shares, representing a decrease of 70.87%. The firm decreased its portfolio allocation in CXM by 10.63% over the last quarter.
H&F Corporate Investors IX holds 10,862K shares representing 4.02% ownership of the company. No change in the last quarter.
Cadian Capital Management holds 9,770K shares representing 3.61% ownership of the company. In its prior filing, the firm reported owning 7,674K shares, representing an increase of 21.46%. The firm increased its portfolio allocation in CXM by 3.13% over the last quarter.
Sixth Street Partners Management Company holds 6,868K shares representing 2.54% ownership of the company.
Praesidium Investment Management Company holds 4,728K shares representing 1.75% ownership of the company. In its prior filing, the firm reported owning 3,599K shares, representing an increase of 23.89%. The firm increased its portfolio allocation in CXM by 41.01% over the last quarter.
Sprinklr Background Information
(This description is provided by the company.)
Sprinklr is the unified platform for all customer-facing functions. Sprinklr calls it unified customer experience management (Unified-CXM). The company helps companies deliver human experiences to every customer, every time, across any modern channel, at a once impossible scale. Headquartered in New York City with over 2,400 employees globally, Sprinklr works with more than 1,000 of the world’s most valuable enterprises — global brands like Microsoft, P&G, Samsung and more than 50% of the Fortune 100.
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