Short Interest in Sprinklr, Inc. (NYSE:CXM) Rises By 22.2%

Sprinklr, Inc. (NYSE:CXM) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 8,530,000 shares, a growth of 22.2% from the September 15th total of 6,980,000 shares. Approximately 8.3% of the company’s stock are short sold. Based on an average daily volume of 1,550,000 shares, the short-interest ratio is currently 5.5 days.

Insider Buying and Selling at Sprinklr

In related news, insider Diane Adams sold 12,915 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total transaction of $101,124.45. Following the completion of the sale, the insider now owns 376,942 shares in the company, valued at approximately $2,951,455.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Sprinklr news, CEO Ragy Thomas sold 12,902 shares of the stock in a transaction dated Monday, September 16th. The shares were 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 owns 1,051,182 shares in the company, valued at approximately $8,230,755.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Diane Adams sold 12,915 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total value of $101,124.45. Following the completion of the transaction, the insider now owns 376,942 shares in the company, valued at $2,951,455.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 338,220 shares of company stock worth $2,548,988. Insiders own 30.12% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mather Group LLC. purchased a new position in Sprinklr during the first quarter valued at approximately $28,000. CWM LLC increased its holdings in shares of Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after purchasing an additional 1,904 shares during the period. CIBC Asset Management Inc raised its position in shares of Sprinklr by 15.6% in the second 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 in the last quarter. Simplicity Wealth LLC bought a new stake in Sprinklr during the second quarter valued at $148,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Sprinklr during the first quarter worth about $166,000. 40.19% of the stock is currently owned by institutional investors.

Sprinklr Trading Up 1.3 %

CXM opened at $7.23 on Monday. Sprinklr has a 12 month low of $6.91 and a 12 month high of $17.14. The company has a market cap of $1.83 billion, a PE ratio of 40.17, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76. The company has a 50 day moving average of $8.16 and a 200 day moving average of $9.83.

Sprinklr (NYSE:CXM) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $197.21 million during the quarter, compared to analyst estimates of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. Research analysts forecast that Sprinklr will post 0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CXM. Cantor Fitzgerald cut their price objective on Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley cut their price target on shares of Sprinklr from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Thursday, September 5th. Barclays downgraded shares of Sprinklr from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $10.00 to $7.00 in a report on Monday, October 7th. Rosenblatt Securities dropped their target price on shares of Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Finally, Citigroup decreased their price target on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

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.