Principal Financial Group Inc. Decreases Holdings in Sprinklr, Inc. (NYSE:CXM)

Principal Financial Group Inc. decreased its holdings in Sprinklr, Inc. (NYSE:CXM) by 3.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 662,499 shares of the company’s stock after selling 21,614 shares during the period. Principal Financial Group Inc.’s holdings in Sprinklr were worth $5,121,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CXM. Weiss Asset Management LP bought a new position in shares of Sprinklr during the third quarter valued at about $806,000. Geode Capital Management LLC grew its position in Sprinklr by 11.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,788,550 shares of the company’s stock worth $21,560,000 after acquiring an additional 295,638 shares during the last quarter. Barclays PLC increased its stake in Sprinklr by 283.7% in the 3rd quarter. Barclays PLC now owns 242,990 shares of the company’s stock worth $1,878,000 after purchasing an additional 179,661 shares during the period. Cerity Partners LLC lifted its position in Sprinklr by 33.0% in the third quarter. Cerity Partners LLC now owns 991,475 shares of the company’s stock valued at $7,664,000 after purchasing an additional 246,095 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Sprinklr during the third quarter valued at approximately $597,000. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. KeyCorp lowered 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. Wells Fargo & Company downgraded shares of Sprinklr from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $8.00 to $6.00 in a research note on Tuesday, November 12th. Cantor Fitzgerald reissued a “neutral” rating and issued a $9.00 target price on shares of Sprinklr in a research note on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.00 price target on shares of Sprinklr in a research report on Wednesday, December 11th. Finally, DA Davidson boosted their target price on Sprinklr from $8.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Sprinklr currently has an average rating of “Hold” and a consensus target price of $10.13.

Sprinklr Trading Up 1.1 %

Shares of Sprinklr stock opened at $8.54 on Friday. Sprinklr, Inc. has a 12 month low of $6.91 and a 12 month high of $14.31. The firm has a market capitalization of $2.17 billion, a P/E ratio of 53.38, a P/E/G ratio of 3.02 and a beta of 0.81. The business has a fifty day simple moving average of $8.29 and a two-hundred day simple moving average of $8.46.

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.