Mutual of America Capital Management LLC Has $140,000 Stake in Sprinklr, Inc. (NYSE:CXM)

Mutual of America Capital Management LLC lowered its stake in shares of Sprinklr, Inc. (NYSE:CXM) by 8.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,110 shares of the company’s stock after selling 1,583 shares during the period. Mutual of America Capital Management LLC’s holdings in Sprinklr were worth $140,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. CWM LLC raised its holdings in Sprinklr by 111.0% in the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after acquiring an additional 1,904 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Sprinklr by 15.6% in the second quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after purchasing an additional 1,694 shares in the last quarter. Everence Capital Management Inc. bought a new position in Sprinklr in the third quarter worth $105,000. Simplicity Wealth LLC bought a new stake in Sprinklr in the 2nd quarter valued at $148,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Sprinklr in the 3rd quarter valued at $129,000. Institutional investors own 40.19% of the company’s stock.

Sprinklr Trading Up 0.3 %

CXM opened at $8.24 on Friday. The firm’s fifty day simple moving average is $7.57 and its 200 day simple moving average is $8.82. The stock has a market capitalization of $2.09 billion, a P/E ratio of 45.75, a P/E/G ratio of 2.45 and a beta of 0.76. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $17.14.

Sprinklr (NYSE:CXM) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Sprinklr had a net margin of 6.54% and a return on equity of 8.40%. The business had revenue of $197.21 million for the quarter, compared to analyst estimates of $194.58 million. On average, equities research analysts predict that Sprinklr, Inc. will post 0.11 EPS for the current fiscal year.

Insider Activity at Sprinklr

In other Sprinklr news, major shareholder Roger H. Lee sold 225,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $7.37, for a total value of $1,658,250.00. Following the transaction, the insider now directly owns 514,799 shares of the company’s stock, valued at $3,794,068.63. This represents a 30.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Diane Adams sold 12,915 shares of Sprinklr stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $7.83, for a total value of $101,124.45. Following the sale, the insider now directly owns 376,942 shares of the company’s stock, valued at $2,951,455.86. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 338,480 shares of company stock valued at $2,545,967. 30.12% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on CXM. Morgan Stanley decreased their target price 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. Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $10.00 to $7.00 in a report on Monday, October 7th. Wells Fargo & Company cut Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $8.00 to $6.00 in a research report on Tuesday, November 12th. Cantor Fitzgerald lowered their target price on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Finally, KeyCorp cut their price target on shares of Sprinklr from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.61.

Sprinklr Profile

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.