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

Sprinklr (NYSE:CXM - Get Free Report) had its target price hoisted by Scotiabank from $8.50 to $9.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "sector perform" rating on the stock. Scotiabank's target price would indicate a potential upside of 4.12% from the company's current price.

CXM has been the topic of a number of other research reports. Stifel Nicolaus increased their price target 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 price objective on shares of Sprinklr in a report on Friday, February 7th. Rosenblatt Securities boosted their target price on Sprinklr from $10.50 to $12.00 and gave the stock a "buy" rating in a research report on Thursday. William Blair lowered Sprinklr from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $11.00 price target on shares of Sprinklr in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Sprinklr presently has a consensus rating of "Hold" and a consensus price target of $10.38.

Sprinklr Trading Down 5.4 %

Shares of NYSE CXM traded down $0.50 during midday trading on Thursday, hitting $8.64. 2,397,315 shares of the company's stock were exchanged, compared to its average volume of 1,936,115. The business's fifty day moving average price is $8.75 and its two-hundred day moving average price is $8.27. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 54.03, a PEG 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.

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Hedge Funds Weigh In On Sprinklr

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Sprinklr by 100.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company's stock worth $33,000 after purchasing an additional 1,928 shares during the last quarter. Ancora Advisors LLC purchased a new stake in Sprinklr in the 4th quarter worth approximately $34,000. FNY Investment Advisers LLC purchased a new stake in Sprinklr in the 4th quarter worth approximately $42,000. SG Americas Securities LLC bought a new stake in shares of Sprinklr in the 4th quarter worth approximately $89,000. Finally, Cibc World Markets Corp purchased a new position in shares of Sprinklr during the fourth quarter valued at approximately $92,000. Hedge funds and other institutional investors own 40.19% of the company's stock.

About Sprinklr

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.