( ) has been the subject of a significant increase in short interests in April. On April 30, there were 4,320,000 shorted shares. This is an increase of 9.9% compared to the total of 3,930,000 on April 15. The days-to cover ratio, based on an average daily volume of 1,190,000. shares, is currently 3.6. Short selling is currently 5.9% of shares.
Wall Street analysts forecast growth
CXM was the subject of several research reports. Cantor Fitzgerald began covering Sprinklr on Tuesday, 24th January in a research note. They assigned the company an 'overweight rating' and set a price target of $12.00. In a report published on Monday, April 10, TheStreet upgraded Sprinklr's rating from 'd+ to c-. Wells Fargo & Company raised their price target for Sprinklr to $11.00 in a report published on Thursday, 30th March. The company was also given an 'equal-weight' rating. JMP Securities raised their price target for Sprinklr to $20.00 from $16.00 and gave the company a 'outperform rating' in a report published on Thursday, 30th March. Stifel Nicolaus raised their price target on Sprinklr to $13.00 from $8.00 in a research report on Thursday, 30th March. They also gave the stock a hold' rating. Five analysts have given the stock a hold and five a buy rating. Battery Partners Ix Llc, a major shareholder, sold 499 599 shares in the company's stock on Tuesday 11th April. The stock was bought at a price of $12.70 on average, resulting in a value of $6,344,907.30. Ragy Thomas, the CEO of the company, sold 51,697 stock shares in a transaction on Thursday, 16th March. The stock was bought at a price of $10.28 on average, for a transaction totaling $531,445.16. The chief executive now owns approximately $5,124,518.32 worth of stock after the completion of this transaction. Battery Partners Ix Llc, a major shareholder, sold 499 599 shares in the company's stock on Tuesday 11th April. The shares were sold for an average price $12.70 and a total of $6,344,907.30. Insiders have sold 781 210 shares worth $9 678 314 in the past 90 days. Insiders own 43.75% the company's stock.
Sprinklr: Institutional investors weigh in
CXM has recently been modified by several hedge funds and institutional investors. JPMorgan Chase & Co. increased its holdings of shares of Sprinklr in the first quarter by 37,314.8%. JPMorgan Chase & Co. owns 60612 shares worth $722,000, after purchasing an additional 60450 shares. Bank of New York Mellon Corp purchased a new stake in Sprinklr during the first quarter, valued at approximately $11,368,000. Citigroup Inc. increased its stake in Sprinklr in the first quarter by 3089%. Citigroup Inc. owns 2,212 of the company’s shares worth $26,000, after buying 1,671 additional shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Sprinklr during the first quarter, valued at approximately $1.259,000. BlackRock Inc. increased its stake in Sprinklr in the first-quarter by 227%. BlackRock Inc. owns 990.051 shares worth $11,781,000, after buying an additional 687.969 shares during the last quarter. Hedge funds and institutional investors own 25.7% of the company's stock.
Sprinklr Stock Performance
Trading at midday on Tuesday saw a decline of $0.10, bringing the price to $11.66. 606,016 of the company's shares were traded, compared with its average volume, which is 1,039,191. Sprinklr's 52-week low is $7.25, and its 52-week highest is $13.46. The 50-day moving mean for the business is $11.72; and the 200-day moving means are $10.03. The company has a $3.10 billion market capitalization, a P/E ratio of -55.52, and a beta value of 0.94.
The company last released its quarterly results on March 29th. The company posted $0.06 per share in earnings for the third quarter, exceeding the consensus estimate by $0.02 by $0.04. Sprinklr's negative return on equity was 10.62%, and its negative net margin was 9.02%. The company had revenue of $165.33 millions for the quarter compared to a consensus estimate of $152.78 million. In the same quarter of the previous year, the company posted a ($0.10) profit per share. Revenue for the company was up 21.9% year-over-year. Analysts predict that Sprinklr's earnings per share will be -0.04 for the current fiscal year.
Sprinklr, Inc. provides enterprise cloud-based software products around the world. Sprinklr, Inc. provides enterprise cloud software products worldwide.
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