Fintel reports that on September 7, 2023, DA Davidson maintained coverage of Sprinklr Inc (NYSE:CXM) with a Buy recommendation.
Analyst Price Forecast Suggests 11.48% 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 11.48% from its latest reported closing price of 15.86.
See our leaderboard of companies with the largest price target upside.
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 306 funds or institutions reporting positions in Sprinklr Inc. This is an increase of 103 owner(s) or 50.74% in the last quarter. Average portfolio weight of all funds dedicated to CXM is 0.41%, a decrease of 27.22%. Total shares owned by institutions increased in the last three months by 21.04% to 109,436K shares. 
The put/call ratio of CXM is 0.31, indicating a bullish outlook.
What are Other Shareholders Doing?
Battery Management holds 13,541K shares representing 5.06% ownership of the company. In it's 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 4.06% ownership of the company. No change in the last quarter.
Cadian Capital Management holds 9,770K shares representing 3.65% ownership of the company. In it's 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 2.57% ownership of the company.
Praesidium Investment Management Company holds 4,728K shares representing 1.77% ownership of the company. In it's 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.
Additional reading:
- Sprinklr, Inc. Condensed Consolidated Balance Sheets (in thousands, except per share data) (unaudited) July 31, 2023 January 31, 2023 Assets Current assets: Cash and cash equivalents $ 147,683 $ 188,387 Marketable securities 480,725 390,239 Accounts
- Advisor Agreement, by and between the Registrant and John Chambers, dated May 13, 2023.
- mended and Restated Non-Employee Direc
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