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

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

Several other research analysts also recently commented on the stock. Stifel Nicolaus lifted 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. JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a report on Friday, February 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $9.00 target price on shares of Sprinklr in a report on Thursday, December 5th. Rosenblatt Securities lifted 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. Finally, DA Davidson boosted their price objective on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.38.

Sprinklr Price Performance

Shares of CXM opened at $9.21 on Thursday. The company has a market capitalization of $2.34 billion, a PE ratio of 57.53, a price-to-earnings-growth ratio of 2.31 and a beta of 0.80. Sprinklr has a one year low of $6.91 and a one year high of $14.32. The company’s fifty day moving average price is $8.75 and its 200 day moving average price is $8.28.

Institutional Trading of Sprinklr

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its stake in Sprinklr by 100.0% in 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 period. Ancora Advisors LLC bought a new stake in Sprinklr in the fourth quarter valued at about $34,000. FNY Investment Advisers LLC bought a new stake in Sprinklr in the fourth quarter valued at about $42,000. SG Americas Securities LLC bought a new stake in Sprinklr in the fourth quarter valued at about $89,000. Finally, Cibc World Markets Corp bought a new stake in Sprinklr in the fourth quarter valued at about $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.