Sprinklr, Inc. (NYSE:CXM - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $8.08, but opened at $8.93. Sprinklr shares last traded at $9.42, with a volume of 610,800 shares traded.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CXM. JMP Securities reiterated a "market outperform" rating and issued a $17.00 price target on shares of Sprinklr in a report on Friday, February 7th. DA Davidson increased their target price on shares of Sprinklr from $8.00 to $9.50 and gave the company a "neutral" rating in a report on Thursday, December 5th. Morgan Stanley boosted their price target on Sprinklr from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Thursday. Stifel Nicolaus raised their price objective on Sprinklr from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Finally, Scotiabank boosted their target price on Sprinklr from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.38.
Get Our Latest Report on Sprinklr
Sprinklr Stock Performance
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. The stock's fifty day simple moving average is $8.75 and its 200-day simple moving average is $8.28.
Hedge Funds Weigh In On Sprinklr
Several institutional investors and hedge funds have recently modified their holdings of CXM. PNC Financial Services Group Inc. raised 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 valued at $33,000 after acquiring an additional 1,928 shares during the last quarter. Ancora Advisors LLC acquired a new position in Sprinklr in the fourth quarter valued at $34,000. FNY Investment Advisers LLC purchased a new position in Sprinklr during the fourth quarter worth about $42,000. SG Americas Securities LLC acquired a new stake in Sprinklr in the 4th quarter worth about $89,000. Finally, Cibc World Markets Corp purchased a new stake in Sprinklr in the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 40.19% of the company's stock.
About Sprinklr
(
Get Free Report)
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.
Read More
Before you consider Sprinklr, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sprinklr wasn't on the list.
While Sprinklr currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
