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

Sprinklr (NYSE:CXM) had its price objective boosted by Scotiabank from $8.50 to $9.00 in a report released on Thursday,Benzinga reports. The firm currently has a sector perform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Stifel Nicolaus increased their target price on Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Rosenblatt Securities increased their target price on Sprinklr from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Thursday. Cantor Fitzgerald reiterated a “neutral” rating and set a $9.00 target price on shares of Sprinklr in a report on Thursday, December 5th. DA Davidson increased their target price on Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Barclays increased their target price on Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.38.

Sprinklr Stock Down 0.8 %

CXM opened at $9.13 on Thursday. Sprinklr has a 12 month low of $6.91 and a 12 month high of $14.32. The company has a fifty day simple moving average of $8.76 and a 200 day simple moving average of $8.28. The stock has a market cap of $2.32 billion, a P/E ratio of 57.03, a P/E/G ratio of 2.31 and a beta of 0.80.

Institutional Investors Weigh In On Sprinklr

Several hedge funds have recently bought and sold shares of CXM. PNC Financial Services Group Inc. lifted its stake in Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after purchasing an additional 1,928 shares during the last quarter. Ancora Advisors LLC acquired a new stake in Sprinklr in the 4th quarter valued at about $34,000. FNY Investment Advisers LLC acquired a new stake in Sprinklr in the 4th quarter valued at about $42,000. SG Americas Securities LLC acquired a new stake in Sprinklr in the 4th quarter valued at about $89,000. Finally, Cibc World Markets Corp acquired a new stake in Sprinklr in the 4th quarter valued at about $92,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.