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

Sprinklr, Inc. (NYSE:CXM) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 7,890,000 shares, a drop of 6.1% from the July 31st total of 8,400,000 shares. Approximately 6.9% of the company’s shares are sold short. Based on an average trading volume of 1,970,000 shares, the short-interest ratio is currently 4.0 days.

Analysts Set New Price Targets

Several research analysts recently commented on CXM shares. Cantor Fitzgerald lowered shares of Sprinklr from an “overweight” rating to a “neutral” rating and cut their price target for the company from $16.00 to $10.00 in a report on Thursday, June 6th. Wells Fargo & Company cut their price objective on Sprinklr from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. Morgan Stanley reduced their price objective on Sprinklr from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 6th. JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research note on Monday, July 1st. Finally, Stifel Nicolaus dropped their target price on Sprinklr from $15.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Sprinklr has a consensus rating of “Hold” and an average target price of $12.50.

Insider Buying and Selling

In related news, insider Diane Adams sold 13,717 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $9.20, for a total transaction of $126,196.40. Following the completion of the transaction, the insider now owns 395,222 shares of the company’s stock, valued at $3,636,042.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 15,962 shares of company stock valued at $148,000. Insiders own 30.12% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

Several large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings in Sprinklr by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,159 shares of the company’s stock valued at $627,000 after acquiring an additional 1,117 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in 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 in the last quarter. Louisiana State Employees Retirement System grew its position in Sprinklr by 2.9% in the second quarter. Louisiana State Employees Retirement System now owns 60,300 shares of the company’s stock worth $580,000 after buying an additional 1,700 shares during the last quarter. Jump Financial LLC increased its holdings in shares of Sprinklr by 5.0% in the fourth quarter. Jump Financial LLC now owns 39,670 shares of the company’s stock valued at $478,000 after buying an additional 1,875 shares in the last quarter. Finally, CWM LLC increased its holdings 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. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Trading Down 4.0 %

Shares of NYSE:CXM opened at $8.62 on Wednesday. The firm’s 50 day moving average is $9.28 and its two-hundred day moving average is $10.93. The firm has a market capitalization of $2.28 billion, a P/E ratio of 41.02, a PEG ratio of 1.53 and a beta of 0.79. Sprinklr has a 52 week low of $8.33 and a 52 week high of $17.14.

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

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.