Sprinklr, Inc. (NYSE:CXM) Sees Significant Growth in Short Interest

Sprinklr, Inc. (NYSE:CXM) was the recipient of a significant 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 trading volume, of 4,333,003 shares, the short-interest ratio is currently 7.0 days. Approximately 30.9% of the company’s stock are sold short.

Sprinklr Stock Down 1.8%

Shares of NYSE:CXM opened at $5.34 on Wednesday. The firm has a market capitalization of $1.33 billion, a PE ratio of 59.34 and a beta of 0.73. Sprinklr has a twelve month low of $5.12 and a twelve month high of $9.40. The company has a 50-day moving average price of $5.78 and a two-hundred day moving average price of $6.85.

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

Wall Street Analyst Weigh In

CXM has been the subject of several analyst reports. Weiss Ratings downgraded shares of Sprinklr from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 30th. DA Davidson lowered their target price on shares of Sprinklr from $9.00 to $6.50 and set a “neutral” rating for the company in a report on Thursday, March 12th. Citigroup lowered their target price on shares of Sprinklr from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Citizens Jmp lowered their target price 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. Finally, Wall Street Zen upgraded shares of Sprinklr from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sprinklr has a consensus rating of “Reduce” and a consensus price target of $8.31.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, CTO Amitabh Misra sold 34,189 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $5.85, for a total transaction of $200,005.65. Following the transaction, the chief technology officer owned 970,753 shares in the company, valued at approximately $5,678,905.05. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Rory P. Read sold 87,795 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $6.00, for a total transaction of $526,770.00. Following the transaction, the chief executive officer owned 1,506,270 shares in the company, valued at approximately $9,037,620. The trade was a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 201,081 shares of company stock worth $1,203,287. Corporate insiders own 60.53% of the company’s stock.

Hedge Funds Weigh In On Sprinklr

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its position in shares of Sprinklr by 11,204.2% in the fourth quarter. SG Americas Securities LLC now owns 4,530,827 shares of the company’s stock valued at $35,250,000 after acquiring an additional 4,490,746 shares during the period. Vanguard Group Inc. boosted its position in shares of Sprinklr by 20.3% in the third quarter. Vanguard Group Inc. now owns 17,571,641 shares of the company’s stock valued at $135,653,000 after acquiring an additional 2,966,556 shares during the period. Private Management Group Inc. boosted its position in shares of Sprinklr by 1,249.3% in the fourth quarter. Private Management Group Inc. now owns 2,412,330 shares of the company’s stock valued at $18,768,000 after acquiring an additional 2,233,542 shares during the period. Sea Cliff Partners Management LP boosted its position in shares of Sprinklr by 1,174.6% in the second quarter. Sea Cliff Partners Management LP now owns 2,166,792 shares of the company’s stock valued at $18,331,000 after acquiring an additional 1,996,792 shares during the period. Finally, Norges Bank bought a new position in shares of Sprinklr in the fourth quarter valued at approximately $11,524,000. Institutional investors own 40.19% of the company’s stock.

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.