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Sprinklr Inc. (CXM) Is Becoming Less Appealing To Investors After A -2.07% Fall

Sprinklr Inc. (NYSE:CXM) has seen 1.47 million shares traded in the last trading session. The company, currently valued at $2.72B, closed the last trade at $9.94 per share which meant it lost -$0.21 on the day or -2.07% during that session. The CXM stock price is -104.12% off its 52-week high price of $20.29 and 5.33% above the 52-week low of $9.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.3 million shares traded. The 3-month trading volume is 562.56K shares.

Sprinklr Inc. (NYSE:CXM) trade information

Sporting -2.07% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the CXM stock price touched $9.94 or saw a rise of 18.92%. Year-to-date, Sprinklr Inc. shares have moved -37.37%, while the 5-day performance has seen it change -20.42%. Over the past 30 days, the shares of Sprinklr Inc. (NYSE:CXM) have changed -15.12%. Short interest in the company has seen 2.2 million shares shorted with days to cover at 2.88.

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Sprinklr Inc. (CXM) estimates and forecasts

Figures show that Sprinklr Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -12.27% over the past 6 months, with this year growth rate of 66.67%, compared to 13.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 33.30% and 16.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 24.60%.

8 analysts offering their estimates for the company have set an average revenue estimate of $147.31 million for the current quarter. 8 have an estimated revenue figure of $156.26 million for the next quarter concluding in Oct 2022.

CXM Dividends

Sprinklr Inc. is expected to release its next earnings report on December 09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Sprinklr Inc. (NYSE:CXM)’s Major holders

Insiders own 2.59% of the company shares, while shares held by institutions stand at 76.65% with a share float percentage of 78.69%. Investors are also buoyed by the number of investors in a company, with Sprinklr Inc. having a total of 136 institutions that hold shares in the company. The top two institutional holders are ICONIQ Capital, LLC with over 25.21 million shares worth more than $299.99 million. As of Mar 30, 2022, ICONIQ Capital, LLC held 22.78% of shares outstanding.

The other major institutional holder is Battery Management Corp., with the holding of over 23.14 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $275.33 million and represent 20.91% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Small-Cap Index Fund and Vanguard Total Stock Market Index Fund. As of Mar 30, 2022, the former fund manager holds about 1.11% shares in the company for having 1.23 million shares of worth $14.58 million while later fund manager owns 1.11 million shares of worth $13.27 million as of Mar 30, 2022, which makes it owner of about 1.01% of company’s outstanding stock.

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