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

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

Sprinklr Stock Performance

Sprinklr stock traded down $0.07 during midday trading on Friday, hitting $7.67. 3,614,557 shares of the company’s stock were exchanged, compared to its average volume of 3,135,565. The company has a market cap of $1.94 billion, a PE ratio of 42.61, a P/E/G ratio of 2.29 and a beta of 0.76. The firm has a 50-day moving average of $7.50 and a two-hundred day moving average of $9.07. Sprinklr has a 12 month low of $6.91 and a 12 month high of $17.14.

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, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $197.21 million for the quarter, compared to the consensus estimate of $194.58 million. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. As a group, equities analysts expect that Sprinklr will post 0.11 earnings per share for the current year.

Analyst Ratings Changes

CXM has been the topic of a number of analyst reports. DA Davidson cut their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald reduced their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Rosenblatt Securities dropped their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd. Morgan Stanley reduced their price target 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, Citigroup dropped their price objective on Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Sprinklr currently has a consensus rating of “Hold” and an average target price of $9.80.

Insider Buying and Selling

In other news, CEO Ragy Thomas sold 12,902 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $101,022.66. Following the completion of the sale, the chief executive officer now directly owns 1,051,182 shares of the company’s stock, valued at $8,230,755.06. This trade represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Arun Pattabhiraman sold 10,291 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $80,578.53. Following the transaction, the chief marketing officer now directly owns 448,947 shares in the company, valued at approximately $3,515,255.01. This represents a 2.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 338,480 shares of company stock worth $2,545,967. Insiders own 30.12% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in Sprinklr by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after purchasing an additional 1,117 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Sprinklr by 15.6% in the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after buying an additional 1,694 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Sprinklr by 2.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after acquiring an additional 1,700 shares in the last quarter. CWM LLC lifted its position in Sprinklr by 111.0% during the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Sprinklr by 12.0% in the second quarter. Commonwealth Equity Services LLC now owns 22,854 shares of the company’s stock valued at $220,000 after acquiring an additional 2,450 shares in the last quarter. 40.19% of the stock is owned by institutional investors.

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.