Sprinklr, Inc. (NYSE:CXM - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $8.88, but opened at $8.67. Sprinklr shares last traded at $8.58, with a volume of 542,167 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Sprinklr from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $11.00 target price on shares of Sprinklr in a research note on Wednesday, December 11th. Rosenblatt Securities reiterated a "buy" rating and set a $10.50 price target on shares of Sprinklr in a research note on Friday. Scotiabank increased their price objective on shares of Sprinklr from $7.70 to $8.50 and gave the company a "sector perform" rating in a research note on Thursday, December 5th. Finally, JMP Securities reiterated a "market outperform" rating and set a $17.00 target price on shares of Sprinklr in a research report on Friday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.13.
Get Our Latest Stock Analysis on Sprinklr
Sprinklr Stock Performance
The stock has a 50-day simple moving average of $8.80 and a 200 day simple moving average of $8.32. The stock has a market capitalization of $2.31 billion, a P/E ratio of 56.66, a price-to-earnings-growth ratio of 2.35 and a beta of 0.79.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in CXM. The Manufacturers Life Insurance Company raised its stake in shares of Sprinklr by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company's stock worth $627,000 after buying an additional 1,117 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Sprinklr by 41.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company's stock worth $209,000 after acquiring an additional 8,000 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Sprinklr during the 3rd quarter valued at $105,000. LB Partners LLC acquired a new position in shares of Sprinklr in the 3rd quarter valued at $304,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of Sprinklr in the 3rd quarter worth $142,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.
About Sprinklr
(
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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.
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