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

Sprinklr, Inc. (NYSE:CXM) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 9,690,000 shares, an increase of 22.2% from the October 15th total of 7,930,000 shares. Based on an average trading volume of 2,000,000 shares, the days-to-cover ratio is presently 4.8 days. Approximately 9.6% of the company’s stock are short sold.

Sprinklr Price Performance

NYSE CXM traded down $0.07 on Friday, hitting $7.67. The company had a trading volume of 3,614,557 shares, compared to its average volume of 3,135,565. The company has a market capitalization of $1.94 billion, a PE ratio of 42.61, a PEG ratio of 2.29 and a beta of 0.76. Sprinklr has a 12-month low of $6.91 and a 12-month high of $17.14. The company’s fifty day moving average price is $7.50 and its 200-day moving average price is $9.07.

Sprinklr (NYSE:CXM) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company 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%. On average, sell-side analysts anticipate that Sprinklr will post 0.11 EPS for the current year.

Insider Activity

In related news, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 514,799 shares of the company’s stock, valued at $3,794,068.63. This represents a 30.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Arun Pattabhiraman sold 10,291 shares of Sprinklr stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total value of $80,578.53. Following the sale, the chief marketing officer now directly owns 448,947 shares of the company’s stock, 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. Insiders have sold a total of 338,480 shares of company stock worth $2,545,967 over the last 90 days. 30.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CXM. Geode Capital Management LLC raised its position in shares of Sprinklr by 11.9% in the third quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after buying an additional 295,638 shares during the last quarter. Barclays PLC raised its holdings in Sprinklr by 283.7% in the 3rd quarter. Barclays PLC now owns 242,990 shares of the company’s stock valued at $1,878,000 after acquiring an additional 179,661 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Sprinklr in the 3rd quarter valued at about $806,000. State Street Corp lifted its stake in Sprinklr by 7.2% in the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock worth $37,311,000 after purchasing an additional 322,318 shares in the last quarter. Finally, Petrus Trust Company LTA boosted its holdings in shares of Sprinklr by 109.5% during the 3rd quarter. Petrus Trust Company LTA now owns 88,178 shares of the company’s stock worth $682,000 after purchasing an additional 46,093 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CXM. Wells Fargo & Company cut shares of Sprinklr from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $8.00 to $6.00 in a research note on Tuesday, November 12th. 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. Morgan Stanley reduced their price objective on Sprinklr from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, September 5th. Rosenblatt Securities lowered their target price on Sprinklr from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd. Finally, Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $10.00 to $7.00 in a research report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Sprinklr has an average rating of “Hold” and an average price target of $9.80.

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.