Sprinklr, Inc. (NYSE:CXM – Get Free Report) shares gapped up prior to trading on Thursday after Rosenblatt Securities raised their price target on the stock from $16.00 to $18.00. The stock had previously closed at $13.01, but opened at $14.32. Rosenblatt Securities currently has a buy rating on the stock. Sprinklr shares last traded at $12.88, with a volume of 1,084,006 shares changing hands.
Other analysts have also issued research reports about the company. Barclays decreased their price target on Sprinklr from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 11th. TheStreet lowered Sprinklr from a “c-” rating to a “d+” rating in a research note on Thursday, December 28th. BTIG Research downgraded Sprinklr from a “buy” rating to a “neutral” rating in a research report on Thursday, December 7th. William Blair reissued an “outperform” rating on shares of Sprinklr in a research note on Thursday. Finally, Morgan Stanley dropped their target price on Sprinklr from $18.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.59.
View Our Latest Analysis on CXM
Insider Buying and Selling at Sprinklr
Institutional Investors Weigh In On Sprinklr
Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Sprinklr by 37,314.8% during the first quarter. JPMorgan Chase & Co. now owns 60,612 shares of the company’s stock valued at $722,000 after buying an additional 60,450 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Sprinklr during the first quarter valued at about $11,368,000. Citigroup Inc. grew its stake in shares of Sprinklr by 308.9% during the first quarter. Citigroup Inc. now owns 2,212 shares of the company’s stock valued at $26,000 after buying an additional 1,671 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Sprinklr during the first quarter valued at about $1,259,000. Finally, BlackRock Inc. grew its stake in shares of Sprinklr by 227.7% during the first quarter. BlackRock Inc. now owns 990,051 shares of the company’s stock valued at $11,781,000 after buying an additional 687,969 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.
Sprinklr Price Performance
The stock has a 50 day moving average price of $12.90 and a 200-day moving average price of $13.37. The stock has a market capitalization of $3.51 billion, a P/E ratio of 117.09, a PEG ratio of 2.95 and a beta of 0.89.
About Sprinklr
Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.
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