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

Sprinklr (NYSE:CXM - Get Free Report) 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.

Remove Ads

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.