Thrivent Financial for Lutherans Has $731,000 Position in Sprinklr, Inc. (NYSE:CXM)

Thrivent Financial for Lutherans decreased its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 4.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,555 shares of the company’s stock after selling 4,908 shares during the period. Thrivent Financial for Lutherans’ holdings in Sprinklr were worth $731,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CWM LLC boosted its position in shares of Sprinklr by 111.0% during the second quarter. CWM LLC now owns 3,620 shares of the company’s stock valued at $35,000 after buying an additional 1,904 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Sprinklr by 15.6% during the 2nd quarter. CIBC Asset Management Inc now owns 12,523 shares of the company’s stock worth $120,000 after acquiring an additional 1,694 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Sprinklr in the third quarter valued at about $105,000. Simplicity Wealth LLC bought a new position in shares of Sprinklr during the second quarter valued at about $148,000. Finally, GSA Capital Partners LLP purchased a new position in Sprinklr during the third quarter worth about $129,000. 40.19% of the stock is owned by institutional investors.

Sprinklr Stock Performance

Shares of NYSE CXM opened at $8.24 on Wednesday. Sprinklr, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $17.14. The stock has a market cap of $2.09 billion, a PE ratio of 45.84, a price-to-earnings-growth ratio of 2.51 and a beta of 0.81. The stock has a fifty day moving average of $7.59 and a 200-day moving average of $8.74.

Sprinklr (NYSE:CXM) last posted its earnings results on Wednesday, September 4th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Sprinklr had a return on equity of 8.40% and a net margin of 6.54%. The business had revenue of $197.21 million during the quarter, compared to analyst estimates of $194.58 million. On average, sell-side analysts predict that Sprinklr, Inc. will post 0.11 EPS for the current year.

Wall Street Analyst Weigh In

CXM has been the subject of several analyst reports. Cantor Fitzgerald decreased their price objective on shares of Sprinklr from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Barclays cut Sprinklr from an “overweight” rating to an “underweight” rating and lowered their target price for the stock from $10.00 to $7.00 in a research note on Monday, October 7th. Wells Fargo & Company lowered shares of 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. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a research report on Thursday, September 5th. Finally, DA Davidson reduced their target price on shares of Sprinklr from $9.00 to $8.00 and set a “neutral” rating for the company in a research 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 stock. Based on data from MarketBeat.com, Sprinklr presently has an average rating of “Hold” and a consensus target price of $9.61.

Insider Activity at Sprinklr

In related news, major shareholder Roger H. Lee sold 225,000 shares of the company’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 value of $1,658,250.00. Following the transaction, the insider now directly owns 514,799 shares in the company, valued at approximately $3,794,068.63. This represents a 30.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ragy Thomas sold 12,902 shares of Sprinklr stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.83, for a total transaction of $101,022.66. Following the sale, the chief executive officer now owns 1,051,182 shares of the company’s stock, valued at approximately $8,230,755.06. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 338,480 shares of company stock valued at $2,545,967. Corporate insiders own 30.12% of the company’s stock.

Sprinklr Company 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.