Sprinklr, Inc. (NYSE:CXM) Sees Significant Decrease in Short Interest

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

Sprinklr Trading Up 1.5 %

NYSE:CXM traded up $0.11 during trading hours on Friday, hitting $7.54. The company had a trading volume of 966,294 shares, compared to its average volume of 2,186,669. Sprinklr has a 1 year low of $6.91 and a 1 year high of $17.14. The company has a 50-day moving average of $7.70 and a 200 day moving average of $9.40. The company has a market cap of $1.91 billion, a P/E ratio of 42.17, a P/E/G ratio of 2.20 and a beta of 0.76.

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 firm had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. On average, analysts forecast that Sprinklr will post 0.11 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on CXM. Cantor Fitzgerald lowered 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. Citigroup cut their price objective on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. KeyCorp lowered their target price on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. JMP Securities restated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research note on Thursday, September 5th. Finally, Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $10.00 to $7.00 in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Sprinklr presently has an average rating of “Hold” and a consensus target price of $10.00.

Insider Transactions at Sprinklr

In other Sprinklr news, 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 transaction of $80,578.53. Following the sale, the chief marketing officer now owns 448,947 shares of the company’s stock, valued at approximately $3,515,255.01. 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 at this link. In other Sprinklr news, CMO Arun Pattabhiraman sold 10,291 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $80,578.53. Following the sale, the chief marketing officer now owns 448,947 shares in the company, valued at approximately $3,515,255.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Roger H. Lee sold 225,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the completion of the transaction, the insider now owns 514,799 shares of the company’s stock, valued at approximately $3,794,068.63. The trade was a 0.00 % decrease in their ownership of the stock. 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

A number of large investors have recently added to or reduced their stakes in the company. CWM LLC grew its stake in Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after purchasing an additional 1,904 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Sprinklr during the third quarter worth approximately $105,000. CIBC Asset Management Inc increased its stake in shares of Sprinklr by 15.6% during 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 during the period. GW Henssler & Associates Ltd. acquired a new stake in Sprinklr in the third quarter valued at approximately $142,000. Finally, Simplicity Wealth LLC purchased a new position in Sprinklr in the second quarter worth approximately $148,000. 40.19% of the stock is currently owned by institutional investors and hedge funds.

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.