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

Sprinklr, Inc. (NYSE:CXM) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 7,930,000 shares, a decrease of 7.0% from the September 30th total of 8,530,000 shares. Approximately 7.7% of the shares of the company are sold short. Based on an average trading volume of 1,590,000 shares, the days-to-cover ratio is presently 5.0 days.

Sprinklr Stock Up 1.5 %

Shares of NYSE:CXM traded up $0.11 during midday trading on Friday, reaching $7.54. The company’s stock had a trading volume of 966,294 shares, compared to its average volume of 2,186,669. The business has a 50 day moving average price of $7.70 and a 200 day moving average price of $9.40. Sprinklr has a 1 year low of $6.91 and a 1 year high of $17.14. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 2.20 and a beta of 0.76.

Sprinklr (NYSE:CXM) last posted its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting 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 for the quarter, compared to analyst estimates of $194.58 million. Sell-side analysts anticipate that Sprinklr will post 0.11 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the sale, the insider now owns 514,799 shares in the company, valued at $3,794,068.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Diane Adams sold 4,282 shares of Sprinklr stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $33,528.06. Following the completion of the sale, the insider now directly owns 390,940 shares in the company, valued at approximately $3,061,060.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the sale, the insider now directly owns 514,799 shares in the company, valued at $3,794,068.63. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in shares of Sprinklr in the 1st quarter worth approximately $883,000. SG Americas Securities LLC bought a new position in shares of Sprinklr during the second quarter valued at approximately $553,000. Teachers Retirement System of The State of Kentucky acquired a new position in Sprinklr during the 1st quarter valued at approximately $494,000. Vanguard Group Inc. increased its holdings in shares of Sprinklr by 30.6% in the 1st quarter. Vanguard Group Inc. now owns 15,248,951 shares of the company’s stock worth $187,105,000 after acquiring an additional 3,575,001 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in shares of Sprinklr during the first quarter worth approximately $1,012,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays cut shares of Sprinklr from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $10.00 to $7.00 in a research note on Monday, October 7th. DA Davidson dropped their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. JMP Securities restated a “market outperform” rating and set a $17.00 price objective on shares of Sprinklr in a research report on Thursday, September 5th. Morgan Stanley lowered their target price on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Finally, KeyCorp cut their price target on Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.00.

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.