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

Sprinklr, Inc. (NYSE:CXM) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 8,530,000 shares, an increase of 22.2% from the September 15th total of 6,980,000 shares. Based on an average trading volume of 1,550,000 shares, the short-interest ratio is presently 5.5 days. Currently, 8.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research firms recently commented on CXM. JMP Securities restated a “market outperform” rating and set a $17.00 price target on shares of Sprinklr in a report on Thursday, September 5th. KeyCorp lowered their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald cut their price objective on Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Wells Fargo & Company lowered their target price on Sprinklr from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 5th. Finally, DA Davidson cut their price target on Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.

Insider Buying and Selling

In related news, major shareholder Roger H. Lee sold 44,884 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $7.83, for a total value of $351,441.72. Following the sale, the insider now directly owns 739,799 shares in the company, valued at $5,792,626.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Diane Adams sold 12,915 shares of the stock in a transaction 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 sale, the insider now owns 376,942 shares in the company, valued at $2,951,455.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Roger H. Lee sold 44,884 shares of Sprinklr stock in a transaction on Monday, September 9th. The shares were sold at an average price of $7.83, for a total value of $351,441.72. Following the transaction, the insider now owns 739,799 shares in the company, valued at $5,792,626.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 338,220 shares of company stock valued at $2,548,988 over the last three months. Company insiders own 30.12% of the company’s stock.

Institutional Trading of Sprinklr

Several institutional investors have recently bought and sold shares of the stock. Mather Group LLC. bought a new stake in Sprinklr during the first quarter worth about $28,000. CWM LLC increased its stake in shares of Sprinklr by 111.0% in the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after buying an additional 1,904 shares in the last quarter. CIBC Asset Management Inc raised its holdings 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 valued at $120,000 after buying an additional 1,694 shares during the last quarter. Simplicity Wealth LLC bought a new stake in Sprinklr during the 2nd quarter worth about $148,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Sprinklr in the 1st quarter valued at about $166,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Stock Performance

Sprinklr stock opened at $7.31 on Wednesday. The firm has a market capitalization of $1.94 billion, a PE ratio of 34.81, a PEG ratio of 2.10 and a beta of 0.76. The business’s 50-day simple moving average is $8.09 and its 200-day simple moving average is $9.76. Sprinklr has a 52 week low of $6.91 and a 52 week high of $17.14.

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

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.