Sprinklr (NYSE:CXM) Price Target Raised to $11.00

Sprinklr (NYSE:CXM) had its target price upped by equities researchers at Morgan Stanley from $10.00 to $11.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 19.00% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. DA Davidson increased their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Scotiabank upped their price objective on Sprinklr from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Thursday. William Blair downgraded shares of Sprinklr from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Stifel Nicolaus boosted their price objective on shares of Sprinklr from $9.00 to $10.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $9.00 target price on shares of Sprinklr in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.38.

Sprinklr Trading Down 1.9 %

Shares of Sprinklr stock traded down $0.18 during trading on Thursday, hitting $9.24. 1,090,842 shares of the stock traded hands, compared to its average volume of 1,585,849. The stock’s fifty day simple moving average is $8.74 and its 200 day simple moving average is $8.27. The firm has a market cap of $2.35 billion, a P/E ratio of 57.78, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. Sprinklr has a 52-week low of $6.91 and a 52-week high of $14.31.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CXM. PNC Financial Services Group Inc. increased its holdings in Sprinklr by 100.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after buying an additional 1,928 shares during the period. EPIQ Capital Group LLC lifted its holdings in Sprinklr by 26.2% in the fourth quarter. EPIQ Capital Group LLC now owns 12,841 shares of the company’s stock valued at $109,000 after acquiring an additional 2,664 shares during the period. NewEdge Advisors LLC boosted its position in Sprinklr by 10.6% in the 4th quarter. NewEdge Advisors LLC now owns 28,212 shares of the company’s stock worth $238,000 after purchasing an additional 2,700 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Sprinklr during the 4th quarter worth approximately $34,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Sprinklr by 7.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 56,970 shares of the company’s stock worth $482,000 after acquiring an additional 4,194 shares in the last quarter. 40.19% of the stock is 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.