Sprinklr (NYSE:CXM) Shares Up 6.2% – Here’s What Happened

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

Analyst Ratings Changes

A number of analysts have recently weighed in on CXM shares. Barclays boosted their target price on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Monday, December 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a research note on Thursday, December 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $10.50 price target on shares of Sprinklr in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.00 price objective on shares of Sprinklr in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.13.

Sprinklr Trading Up 2.9 %

The stock has a 50-day simple moving average of $8.67 and a two-hundred day simple moving average of $8.36. The firm has a market capitalization of $2.35 billion, a P/E ratio of 57.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.78.

Institutional Investors Weigh In On Sprinklr

Several large investors have recently modified their holdings of CXM. FNY Investment Advisers LLC purchased a new position in Sprinklr in the fourth quarter worth $42,000. SG Americas Securities LLC purchased a new stake in Sprinklr in the fourth quarter valued at $89,000. Everence Capital Management Inc. purchased a new position in Sprinklr during the third quarter valued at approximately $105,000. GSA Capital Partners LLP purchased a new stake in Sprinklr during the third quarter worth $129,000. Finally, GW Henssler & Associates Ltd. acquired a new stake in shares of Sprinklr during the 3rd quarter valued at about $142,000. Institutional investors own 40.19% of the company’s stock.

Sprinklr Company Profile

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.