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

Principal Financial Group Inc. raised its holdings in shares of Sprinklr, Inc. (NYSE:CXM) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 672,116 shares of the company’s stock after acquiring an additional 27,171 shares during the quarter. Principal Financial Group Inc. owned about 0.26% of Sprinklr worth $5,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Sprinklr by 209.5% in the 1st quarter. GAMMA Investing LLC now owns 3,677 shares of the company’s stock worth $31,000 after buying an additional 2,489 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Sprinklr by 100.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,856 shares of the company’s stock worth $33,000 after acquiring an additional 1,928 shares in the last quarter. Ancora Advisors LLC bought a new stake in Sprinklr in the fourth quarter worth $34,000. Cibc World Markets Corp bought a new stake in shares of Sprinklr during the fourth quarter worth $92,000. Finally, EP Wealth Advisors LLC purchased a new stake in Sprinklr in the fourth quarter worth about $105,000. 40.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Manish Sarin sold 174,749 shares of the stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $9.07, for a total transaction of $1,584,973.43. Following the sale, the chief financial officer owned 732,421 shares in the company, valued at $6,643,058.47. This represents a 19.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ragy Thomas sold 3,000,000 shares of the business’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $7.94, for a total transaction of $23,820,000.00. Following the transaction, the director directly owned 974,286 shares of the company’s stock, valued at $7,735,830.84. The trade was a 75.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,512,762 shares of company stock valued at $85,940,959. 60.53% of the stock is owned by company insiders.

Sprinklr Price Performance

NYSE CXM opened at $8.77 on Thursday. The company has a market cap of $2.27 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.90 and a beta of 0.80. The company has a 50-day moving average of $8.44 and a 200-day moving average of $8.39. Sprinklr, Inc. has a 12 month low of $6.75 and a 12 month high of $9.93.

Sprinklr (NYSE:CXM) last released its quarterly earnings results on Wednesday, June 4th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $205.50 million during the quarter, compared to analysts’ expectations of $201.83 million. Sprinklr had a return on equity of 6.86% and a net margin of 13.57%. Sprinklr’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. As a group, equities research analysts anticipate that Sprinklr, Inc. will post 0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

CXM has been the topic of a number of research reports. JMP Securities reissued a “market outperform” rating and issued a $17.00 price objective on shares of Sprinklr in a report on Friday, June 27th. Cantor Fitzgerald assumed coverage on Sprinklr in a research report on Tuesday, June 3rd. They issued a “neutral” rating and a $8.00 target price on the stock. Morgan Stanley lifted their price objective on Sprinklr from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Thursday, June 5th. DA Davidson increased their target price on shares of Sprinklr from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, June 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $12.00 price target on shares of Sprinklr in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.25.

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.