Sprinklr (NYSE:CXM) Price Target Raised to $9.00

Sprinklr (NYSE:CXM) had its target price lifted by Scotiabank from $8.50 to $9.00 in a research note published on Thursday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

Several other research analysts have also recently commented on the stock. Rosenblatt Securities raised their target price on shares of Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Thursday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 target price on shares of Sprinklr in a report on Thursday, December 5th. William Blair cut shares of Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Barclays raised their target price on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, Stifel Nicolaus raised their target price on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Sprinklr currently has a consensus rating of “Hold” and an average target price of $10.38.

Sprinklr Stock Down 0.8 %

Shares of CXM stock opened at $9.13 on Thursday. The firm has a 50 day moving average price of $8.76 and a two-hundred day moving average price of $8.28. The company has a market capitalization of $2.32 billion, a PE ratio of 57.03, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. Sprinklr has a 12-month low of $6.91 and a 12-month high of $14.32.

Institutional Trading of Sprinklr

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted 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. Ancora Advisors LLC bought a new stake in Sprinklr during the fourth quarter valued at $34,000. FNY Investment Advisers LLC bought a new stake in Sprinklr during the fourth quarter valued at $42,000. SG Americas Securities LLC bought a new stake in Sprinklr during the fourth quarter valued at $89,000. Finally, Cibc World Markets Corp bought a new stake in Sprinklr during the fourth quarter valued at $92,000. 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.