Sprinklr, Inc. (NYSE:CXM) Short Interest Up 72.7% in March

Sprinklr, Inc. (NYSE:CXM) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 30,396,270 shares, an increase of 72.7% from the March 15th total of 17,599,578 shares. Based on an average daily volume of 4,333,003 shares, the short-interest ratio is presently 7.0 days. Currently, 30.9% of the shares of the company are sold short.

Sprinklr Trading Up 1.4%

Shares of NYSE CXM traded up $0.08 during midday trading on Wednesday, hitting $5.41. 746,793 shares of the company’s stock were exchanged, compared to its average volume of 2,751,720. The business’s fifty day moving average price is $5.78 and its two-hundred day moving average price is $6.85. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 59.95 and a beta of 0.73. Sprinklr has a 12-month low of $5.12 and a 12-month high of $9.40.

Sprinklr (NYSE:CXM) last announced its earnings results on Wednesday, March 11th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Sprinklr had a net margin of 2.67% and a return on equity of 7.86%. The business had revenue of $220.59 million during the quarter, compared to analyst estimates of $216.93 million. During the same period in the previous year, the business posted $0.10 earnings per share. Sprinklr’s revenue for the quarter was up 8.9% on a year-over-year basis. Sprinklr has set its FY 2027 guidance at 0.470-0.480 EPS and its Q1 2027 guidance at 0.090-0.090 EPS. Equities analysts expect that Sprinklr will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprinklr news, CTO Amitabh Misra sold 34,189 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $5.85, for a total value of $200,005.65. Following the completion of the sale, the chief technology officer directly owned 970,753 shares of the company’s stock, valued at $5,678,905.05. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rory P. Read sold 87,795 shares of Sprinklr stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $6.00, for a total value of $526,770.00. Following the completion of the sale, the chief executive officer directly owned 1,506,270 shares of the company’s stock, valued at approximately $9,037,620. This trade represents a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 201,081 shares of company stock worth $1,203,287 in the last ninety days. 60.53% of the stock is currently owned by insiders.

Institutional Trading of Sprinklr

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sprinklr by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,364 shares of the company’s stock valued at $988,000 after purchasing an additional 2,478 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Sprinklr by 4.6% in the first quarter. Millennium Management LLC now owns 581,361 shares of the company’s stock worth $4,854,000 after buying an additional 25,609 shares during the period. Caxton Associates LLP purchased a new position in shares of Sprinklr in the first quarter worth about $287,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Sprinklr by 4.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 260,769 shares of the company’s stock valued at $2,177,000 after acquiring an additional 10,136 shares during the period. Finally, American Century Companies Inc. increased its stake in Sprinklr by 166.9% in the 2nd quarter. American Century Companies Inc. now owns 171,746 shares of the company’s stock worth $1,453,000 after purchasing an additional 107,394 shares during the period. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CXM. Morgan Stanley lowered their price target on shares of Sprinklr from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. DA Davidson reduced their target price on Sprinklr from $9.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday, March 12th. Wall Street Zen raised shares of Sprinklr from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Citigroup decreased their target price on shares of Sprinklr from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Finally, Citizens Jmp cut their price target on shares of Sprinklr from $17.00 to $11.00 and set a “market outperform” rating for the company in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $8.31.

About Sprinklr

Sprinklr, Inc (NYSE: CXM) is a leading enterprise software firm specializing in customer experience management. The company offers a unified, AI-driven platform designed to help organizations engage customers across multiple digital and social channels. By consolidating marketing, advertising, research, care and engagement functions into a single SaaS solution, Sprinklr enables brands to deliver consistent and personalized experiences at scale.

Sprinklr’s platform includes modules for social media management, customer service automation, social advertising and market research, supplemented by AI and machine learning capabilities.