Sprinklr, Inc. (NYSE:CXM) Short Interest Update

Sprinklr, Inc. (NYSE:CXM) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 9,690,000 shares, an increase of 22.2% from the October 15th total of 7,930,000 shares. Based on an average daily volume of 2,000,000 shares, the short-interest ratio is presently 4.8 days. Currently, 9.6% of the shares of the stock are sold short.

Insider Buying and Selling at Sprinklr

In other news, CFO Manish Sarin sold 22,738 shares of Sprinklr stock in a transaction on Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $178,038.54. Following the transaction, the chief financial officer now owns 748,918 shares in the company, valued at $5,864,027.94. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Roger H. Lee sold 225,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction of $1,658,250.00. Following the transaction, the insider now directly owns 514,799 shares in the company, valued at approximately $3,794,068.63. The trade was a 30.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 338,480 shares of company stock valued at $2,545,967 over the last ninety days. Corporate insiders own 30.12% of the company’s stock.

Institutional Trading of Sprinklr

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Sprinklr by 30.6% in the first quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock valued at $187,105,000 after acquiring an additional 3,575,001 shares during the last quarter. State Street Corp boosted its position in shares of Sprinklr by 7.2% in the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after purchasing an additional 322,318 shares during the period. Solel Partners LP grew its stake in Sprinklr by 46.8% during the 2nd quarter. Solel Partners LP now owns 3,692,963 shares of the company’s stock worth $35,526,000 after buying an additional 1,176,726 shares during the last quarter. Geode Capital Management LLC increased its position in Sprinklr by 11.9% during the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after buying an additional 295,638 shares during the period. Finally, Letko Brosseau & Associates Inc. lifted its stake in Sprinklr by 63.5% in the second quarter. Letko Brosseau & Associates Inc. now owns 2,130,350 shares of the company’s stock valued at $20,494,000 after buying an additional 827,375 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CXM shares. Morgan Stanley decreased their price objective on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Citigroup reduced their price objective on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research note on Thursday, September 5th. DA Davidson decreased their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, Rosenblatt Securities dropped their target price on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sprinklr presently has a consensus rating of “Hold” and a consensus price target of $9.80.

Sprinklr Trading Down 0.9 %

NYSE:CXM traded down $0.07 during mid-day trading on Friday, hitting $7.67. The stock had a trading volume of 3,614,557 shares, compared to its average volume of 3,135,565. Sprinklr has a twelve month low of $6.91 and a twelve month high of $17.14. The company has a market capitalization of $1.94 billion, a PE ratio of 42.61, a PEG ratio of 2.29 and a beta of 0.76. The stock has a 50-day simple moving average of $7.50 and a two-hundred day simple moving average of $9.07.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The business had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. Sell-side analysts predict that Sprinklr will post 0.11 EPS for the current fiscal year.

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.