Principal Financial Group Inc. Has $5.45 Million Position in Sprinklr, Inc. (NYSE:CXM)

Principal Financial Group Inc. cut its stake in Sprinklr, Inc. (NYSE:CXM) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 644,945 shares of the company’s stock after selling 17,554 shares during the quarter. Principal Financial Group Inc. owned 0.25% of Sprinklr worth $5,450,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in Sprinklr by 224.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 628,661 shares of the company’s stock valued at $4,860,000 after buying an additional 434,920 shares in the last quarter. State Street Corp boosted its position in shares of Sprinklr by 7.2% during the 3rd quarter. State Street Corp now owns 4,826,736 shares of the company’s stock valued at $37,311,000 after purchasing an additional 322,318 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Sprinklr by 11.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock valued at $21,560,000 after buying an additional 295,638 shares during the period. Cerity Partners LLC raised its holdings in shares of Sprinklr by 33.0% in the 3rd quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock worth $7,664,000 after acquiring an additional 246,095 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in Sprinklr by 742.9% during the third quarter. Verition Fund Management LLC now owns 234,327 shares of the company’s stock worth $1,811,000 after purchasing an additional 206,526 shares during the last quarter. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Trading Down 2.0 %

Shares of NYSE:CXM opened at $8.30 on Tuesday. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 51.88, a PEG ratio of 2.31 and a beta of 0.79. The business has a 50-day moving average price of $8.76 and a 200 day moving average price of $8.29. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $14.32.

Analyst Ratings Changes

A number of analysts recently issued reports on CXM shares. Stifel Nicolaus boosted their price objective on Sprinklr from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Sprinklr in a research report on Thursday, December 5th. Barclays upped their price target on shares of Sprinklr from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Scotiabank increased their price target on Sprinklr from $7.70 to $8.50 and gave the company a “sector perform” rating in a report on Thursday, December 5th. Finally, William Blair cut shares of Sprinklr from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $10.13.

About Sprinklr

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.