Sprinklr (NYSE:CXM – Get Free Report) had its price target raised by equities research analysts at Scotiabank from $8.50 to $9.00 in a report released on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential downside of 1.37% from the company’s previous close.
CXM has been the subject of several other research reports. Barclays lifted their price objective on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Rosenblatt Securities boosted their price objective on Sprinklr from $10.50 to $12.00 and gave the company a “buy” rating in a report on Thursday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Sprinklr in a report on Thursday, December 5th. DA Davidson upped their target price on shares of Sprinklr from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Stifel Nicolaus upped their price objective on shares of Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.38.
View Our Latest Stock Analysis on CXM
Sprinklr Stock Down 0.8 %
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in Sprinklr by 100.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock valued at $33,000 after purchasing an additional 1,928 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Sprinklr in the 4th quarter valued at $34,000. FNY Investment Advisers LLC acquired a new stake in Sprinklr in the fourth quarter valued at approximately $42,000. SG Americas Securities LLC acquired a new position in Sprinklr during the 4th quarter valued at about $89,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Sprinklr during the fourth quarter worth $92,000. Institutional investors own 40.19% of the company’s stock.
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.
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