Principal Financial Group Inc. Sells 21,614 Shares of Sprinklr, Inc. (NYSE:CXM)

Principal Financial Group Inc. trimmed its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 662,499 shares of the company’s stock after selling 21,614 shares during the quarter. Principal Financial Group Inc. owned 0.26% of Sprinklr worth $5,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CXM. CWM LLC grew its stake in shares of Sprinklr by 111.0% during the 2nd quarter. CWM LLC now owns 3,620 shares of the company’s stock worth $35,000 after acquiring an additional 1,904 shares during the period. Everence Capital Management Inc. bought a new position in Sprinklr during the third quarter worth about $105,000. CIBC Asset Management Inc increased 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 worth $120,000 after purchasing an additional 1,694 shares in the last quarter. GW Henssler & Associates Ltd. bought a new stake in shares of Sprinklr in the third quarter valued at approximately $142,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of Sprinklr during the 2nd quarter valued at approximately $148,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Sprinklr Stock Up 0.4 %

Shares of Sprinklr stock opened at $7.82 on Thursday. The firm has a market cap of $1.98 billion, a PE ratio of 43.42, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76. The company’s fifty day simple moving average is $7.52 and its two-hundred day simple moving average is $9.00. Sprinklr, Inc. has a 12-month low of $6.91 and a 12-month high of $17.14.

Sprinklr (NYSE:CXM) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $197.21 million during the quarter, compared to analysts’ expectations of $194.58 million. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. As a group, sell-side analysts expect that Sprinklr, Inc. will post 0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on CXM. DA Davidson reduced their price objective on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Wells Fargo & Company cut Sprinklr from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $8.00 to $6.00 in a research report on Tuesday, November 12th. Scotiabank began coverage on Sprinklr in a report on Tuesday. They set a “sector perform” rating and a $7.70 price objective on the stock. Barclays lowered Sprinklr from an “overweight” rating to an “underweight” rating and reduced their target price for the company from $10.00 to $7.00 in a report on Monday, October 7th. Finally, Citigroup lowered their price target on shares of Sprinklr from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Sprinklr presently has a consensus rating of “Hold” and a consensus target price of $9.61.

Insiders Place Their Bets

In other news, insider Diane Adams sold 4,282 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.83, for a total value of $33,528.06. Following the sale, the insider now directly owns 390,940 shares of the company’s stock, valued at $3,061,060.20. This represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Roger H. Lee sold 225,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $7.37, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 338,480 shares of company stock worth $2,545,967 over the last three months. Company insiders own 30.12% of the company’s stock.

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.