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

Sprinklr, Inc. (NYSE:CXM - Get Free Report) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 10,630,000 shares, a drop of 9.5% from the November 15th total of 11,750,000 shares. Based on an average daily trading volume, of 2,560,000 shares, the days-to-cover ratio is currently 4.2 days. Currently, 10.5% of the company's stock are sold short.

Sprinklr Trading Down 2.5 %

CXM traded down $0.23 on Friday, reaching $9.04. The company had a trading volume of 1,706,800 shares, compared to its average volume of 2,339,345. The company has a market capitalization of $2.29 billion, a P/E ratio of 56.50, a PEG ratio of 3.02 and a beta of 0.81. The company has a fifty day moving average of $7.84 and a 200-day moving average of $8.56. Sprinklr has a one year low of $6.91 and a one year high of $14.31.

Insider Activity at Sprinklr

In related news, CFO Manish Sarin sold 22,738 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $178,038.54. Following the sale, the chief financial officer now directly owns 748,918 shares of the company's stock, valued at $5,864,027.94. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ragy Thomas sold 12,902 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $7.83, for a total transaction of $101,022.66. Following the transaction, the chief executive officer now directly owns 1,051,182 shares in the company, valued at $8,230,755.06. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,596 shares of company stock worth $536,275. 30.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors have recently added to or reduced their stakes in CXM. Weiss Asset Management LP bought a new position in shares of Sprinklr in the third quarter valued at $806,000. SG Americas Securities LLC acquired a new stake in shares of Sprinklr during the second quarter worth $553,000. Cerity Partners LLC lifted its holdings in shares of Sprinklr by 33.0% during the third quarter. Cerity Partners LLC now owns 991,475 shares of the company's stock valued at $7,664,000 after purchasing an additional 246,095 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of Sprinklr in the 3rd quarter valued at $597,000. Finally, Horrell Capital Management Inc. increased its stake in Sprinklr by 31.7% in the 3rd quarter. Horrell Capital Management Inc. now owns 685,000 shares of the company's stock worth $5,295,000 after purchasing an additional 165,000 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CXM has been the topic of a number of research analyst reports. KeyCorp reduced their target price on Sprinklr from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, September 5th. Citigroup lowered their target price on shares of Sprinklr from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. Morgan Stanley reduced their price target on shares of Sprinklr from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 5th. JMP Securities reaffirmed a "market outperform" rating and set a $17.00 price objective on shares of Sprinklr in a research report on Thursday, September 5th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $9.00 price objective on shares of Sprinklr in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Sprinklr currently has an average rating of "Hold" and a consensus target price of $10.13.

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.