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

Sprinklr, Inc. (NYSE:CXM - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 10,270,000 shares, an increase of 26.2% from the February 29th total of 8,140,000 shares. Based on an average daily trading volume, of 2,610,000 shares, the short-interest ratio is currently 3.9 days. Currently, 8.7% of the company's stock are short sold.

Insider Buying and Selling

In related news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the company's stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $11.99, for a total transaction of $124,983.76. Following the sale, the insider now directly owns 80,952 shares of the company's stock, valued at approximately $970,614.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Sprinklr news, major shareholder Battery Partners Ix, Llc sold 10,424 shares of the business's stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $11.99, for a total transaction of $124,983.76. Following the completion of the transaction, the insider now owns 80,952 shares in the company, valued at approximately $970,614.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ragy Thomas sold 11,742 shares of the business's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $152,998.26. Following the transaction, the chief executive officer now owns 438,214 shares of the company's stock, valued at approximately $5,709,928.42. The disclosure for this sale can be found here. Insiders have sold a total of 195,682 shares of company stock valued at $2,476,123 in the last ninety days. Company insiders own 40.29% of the company's stock.

Institutional Trading of Sprinklr

A number of large investors have recently bought and sold shares of the business. Cadian Capital Management LP raised its position in Sprinklr by 29.9% during the 4th quarter. Cadian Capital Management LP now owns 14,560,167 shares of the company's stock worth $175,304,000 after buying an additional 3,355,566 shares during the last quarter. Vanguard Group Inc. raised its position in Sprinklr by 13.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,677,600 shares of the company's stock worth $161,618,000 after buying an additional 1,399,510 shares during the last quarter. BlackRock Inc. raised its position in Sprinklr by 302.9% during the 2nd quarter. BlackRock Inc. now owns 6,344,527 shares of the company's stock worth $87,745,000 after buying an additional 4,769,625 shares during the last quarter. Praesidium Investment Management Company LLC raised its position in Sprinklr by 31.4% during the 2nd quarter. Praesidium Investment Management Company LLC now owns 4,728,006 shares of the company's stock worth $65,388,000 after buying an additional 1,129,318 shares during the last quarter. Finally, Cat Rock Capital Management LP raised its position in Sprinklr by 53.5% during the 2nd quarter. Cat Rock Capital Management LP now owns 3,696,990 shares of the company's stock worth $51,129,000 after buying an additional 1,289,230 shares during the last quarter. Institutional investors and hedge funds own 40.19% of the company's stock.

Sprinklr Stock Down 5.7 %

NYSE:CXM traded down $0.74 during trading hours on Friday, reaching $12.27. 7,784,556 shares of the company's stock were exchanged, compared to its average volume of 4,461,729. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 68.17, a P/E/G ratio of 2.82 and a beta of 0.89. The company has a 50-day moving average of $12.90 and a 200 day moving average of $13.33. Sprinklr has a 1-year low of $10.70 and a 1-year high of $17.14.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CXM shares. BTIG Research cut shares of Sprinklr from a "buy" rating to a "neutral" rating in a report on Thursday, December 7th. Stifel Nicolaus lowered their target price on shares of Sprinklr from $16.00 to $15.00 and set a "hold" rating for the company in a report on Thursday, December 7th. TheStreet cut shares of Sprinklr from a "c-" rating to a "d+" rating in a report on Thursday, December 28th. Morgan Stanley lowered their target price on shares of Sprinklr from $18.00 to $16.00 and set an "equal weight" rating for the company in a report on Friday, December 8th. Finally, Barclays lowered their target price on shares of Sprinklr from $18.00 to $15.00 and set an "overweight" rating for the company in a report on Monday, December 11th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.86.

About Sprinklr

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.