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

Sprinklr, Inc. (NYSE:CXM) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 9,480,000 shares, an increase of 11.7% from the June 30th total of 8,490,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 8.3% of the shares of the stock are short sold.

Sprinklr Stock Performance

NYSE:CXM traded down $0.19 during trading hours on Monday, hitting $9.68. The stock had a trading volume of 748,820 shares, compared to its average volume of 2,415,233. The business’s 50 day moving average is $9.87 and its 200-day moving average is $11.58. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 46.07, a P/E/G ratio of 1.69 and a beta of 0.79. Sprinklr has a one year low of $8.33 and a one year high of $17.14.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $195.96 million during the quarter, compared to analysts’ expectations of $194.54 million. Sprinklr had a net margin of 7.85% and a return on equity of 9.26%. On average, sell-side analysts anticipate that Sprinklr will post 0.19 EPS for the current fiscal year.

Insider Activity

In related news, insider Diane Adams sold 13,717 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40. Following the transaction, the insider now owns 395,222 shares in the company, valued at approximately $3,636,042.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 30.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sprinklr

Several institutional investors have recently added to or reduced their stakes in the stock. RK Capital Management LLC lifted its holdings in shares of Sprinklr by 29.0% in the fourth quarter. RK Capital Management LLC now owns 514,100 shares of the company’s stock valued at $6,190,000 after purchasing an additional 115,600 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Sprinklr by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 905,756 shares of the company’s stock valued at $10,905,000 after acquiring an additional 27,652 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Sprinklr during the 1st quarter worth approximately $883,000. Victory Capital Management Inc. grew its stake in shares of Sprinklr by 31.4% during the 4th quarter. Victory Capital Management Inc. now owns 13,885 shares of the company’s stock worth $167,000 after acquiring an additional 3,322 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of Sprinklr in the fourth quarter valued at approximately $161,000. 40.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

CXM has been the subject of a number of recent research reports. Rosenblatt Securities dropped their target price on Sprinklr from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. JMP Securities restated a “market outperform” rating and set a $17.00 target price on shares of Sprinklr in a research report on Monday, July 1st. Wells Fargo & Company reduced their target price on shares of Sprinklr from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, June 21st. Cantor Fitzgerald downgraded shares of Sprinklr from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $10.00 in a research note on Thursday, June 6th. Finally, Stifel Nicolaus reduced their price objective on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, June 6th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.80.

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.