Sprinklr (NYSE:CXM) Stock Price Up 6.2% - Time to Buy?

Sprinklr, Inc. (NYSE:CXM - Get Free Report)'s stock price was up 6.2% during mid-day trading on Monday . The stock traded as high as $9.10 and last traded at $9.28. Approximately 223,690 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,228,012 shares. The stock had previously closed at $8.73.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CXM shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $11.00 target price on shares of Sprinklr in a research report on Wednesday, December 11th. Scotiabank raised their price target on Sprinklr from $7.70 to $8.50 and gave the company a "sector perform" rating in a research note on Thursday, December 5th. Cantor Fitzgerald restated a "neutral" rating and set a $9.00 price target on shares of Sprinklr in a research note on Thursday, December 5th. Rosenblatt Securities reissued a "buy" rating and set a $10.50 target price on shares of Sprinklr in a research report on Thursday, December 5th. Finally, Barclays raised their target price on shares of Sprinklr from $7.00 to $9.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Sprinklr currently has a consensus rating of "Hold" and an average target price of $10.13.

Sprinklr Stock Up 2.8 %

The stock has a 50-day moving average of $8.64 and a 200 day moving average of $8.36. The stock has a market cap of $2.28 billion, a PE ratio of 56.10, a price-to-earnings-growth ratio of 2.89 and a beta of 0.78.

Institutional Trading of Sprinklr

Large investors have recently made changes to their positions in the business. State Street Corp boosted its holdings in Sprinklr by 7.2% during the third quarter. State Street Corp now owns 4,826,736 shares of the company's stock worth $37,311,000 after buying an additional 322,318 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company's stock worth $21,560,000 after acquiring an additional 295,638 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Sprinklr by 10.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,037,271 shares of the company's stock worth $8,018,000 after acquiring an additional 97,066 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Sprinklr by 33.0% during the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company's stock worth $7,664,000 after acquiring an additional 246,095 shares in the last quarter. Finally, Horrell Capital Management Inc. boosted its stake in shares of Sprinklr by 31.7% during the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company's stock worth $5,295,000 after acquiring an additional 165,000 shares in the last quarter. 40.19% of the stock is owned by hedge funds and other institutional investors.

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.