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

Principal Financial Group Inc. lessened its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Everence Capital Management Inc. bought a new position in shares of Sprinklr in the third quarter valued at approximately $105,000. CIBC Asset Management Inc lifted its stake in Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock valued at $120,000 after acquiring an additional 1,694 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Sprinklr during the 3rd quarter worth $129,000. GW Henssler & Associates Ltd. bought a new stake in shares of Sprinklr in the 3rd quarter worth $142,000. Finally, CWA Asset Management Group LLC bought a new stake in shares of Sprinklr in the 3rd quarter worth $194,000. Institutional investors and hedge funds own 40.19% of the company’s stock.

Sprinklr Stock Up 1.1 %

CXM stock opened at $8.54 on Friday. The stock has a 50-day simple moving average of $8.29 and a two-hundred day simple moving average of $8.46. Sprinklr, Inc. has a twelve month low of $6.91 and a twelve month high of $14.31. The firm has a market capitalization of $2.17 billion, a PE ratio of 53.38, a PEG ratio of 3.02 and a beta of 0.81.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CXM. Cantor Fitzgerald restated a “neutral” rating and set a $9.00 price target on shares of Sprinklr in a report on Thursday, December 5th. JMP Securities restated a “market outperform” rating and issued a $17.00 target price on shares of Sprinklr in a research note on Monday, December 16th. DA Davidson increased their price target on Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Wells Fargo & Company cut Sprinklr from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $6.00 in a research report on Tuesday, November 12th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $10.50 target price on shares of Sprinklr in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sprinklr presently has a consensus rating of “Hold” and a consensus price target of $10.13.

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.