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

Sprinklr, Inc. (NYSE:CXM) was the recipient of a significant increase in short interest during the month of 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. Currently, 8.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is currently 4.5 days.

Analyst Ratings Changes

CXM has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Sprinklr from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. Cantor Fitzgerald downgraded shares of Sprinklr from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $16.00 to $10.00 in a report on Thursday, June 6th. Stifel Nicolaus dropped their target price on shares of Sprinklr from $15.00 to $9.00 and set a “hold” rating for the company in a report on Thursday, June 6th. William Blair reiterated an “outperform” rating on shares of Sprinklr in a research report on Monday, April 22nd. Finally, JMP Securities restated a “market outperform” rating and issued a $17.00 price target on shares of Sprinklr in a research report on Monday, July 1st. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.80.

Insider Buying and Selling

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

Institutional Investors Weigh In On Sprinklr

Institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of Sprinklr in the 1st quarter worth about $28,000. CWM LLC raised its holdings in 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 during the period. Quest Partners LLC purchased a new position in shares of Sprinklr in the fourth quarter valued at $115,000. Simplicity Wealth LLC purchased a new stake in Sprinklr during the 2nd quarter worth $148,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Sprinklr during the fourth quarter valued at about $161,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Stock Down 2.0 %

Shares of CXM stock traded down $0.19 during mid-day trading on Monday, hitting $9.68. 748,820 shares of the company’s stock were exchanged, compared to its average volume of 2,415,233. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 46.07, a PEG ratio of 1.69 and a beta of 0.79. Sprinklr has a fifty-two week low of $8.33 and a fifty-two week high of $17.14. The stock has a 50-day simple moving average of $9.87 and a two-hundred day simple moving average of $11.58.

Sprinklr (NYSE:CXM) last released its earnings results on Wednesday, June 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $195.96 million for the quarter, compared to the consensus estimate of $194.54 million. Sprinklr had a return on equity of 9.26% and a net margin of 7.85%. As a group, analysts anticipate that Sprinklr will post 0.19 earnings per share for the current fiscal 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.