Mutual of America Capital Management LLC Cuts Stock Position in Sprinklr, Inc. (NYSE:CXM)

Mutual of America Capital Management LLC lessened its stake in Sprinklr, Inc. (NYSE:CXM) by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,574 shares of the company’s stock after selling 3,489 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Sprinklr were worth $922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CXM. AE Wealth Management LLC purchased a new stake in Sprinklr in the 3rd quarter worth $506,000. Mach 1 Financial Group LLC acquired a new stake in Sprinklr during the 3rd quarter worth $489,000. Windmill Hill Asset Management Ltd acquired a new stake in Sprinklr during the 3rd quarter worth $273,000. Robeco Institutional Asset Management B.V. acquired a new stake in Sprinklr during the 3rd quarter worth $187,000. Finally, Bank of New York Mellon Corp boosted its stake in Sprinklr by 228.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,019,087 shares of the company’s stock worth $14,104,000 after purchasing an additional 708,655 shares during the last quarter. Hedge funds and other institutional investors own 40.19% of the company’s stock.

Sprinklr Price Performance

NYSE CXM opened at $11.47 on Tuesday. The firm’s 50-day moving average is $12.62 and its two-hundred day moving average is $13.03. Sprinklr, Inc. has a 12 month low of $10.93 and a 12 month high of $17.14. The stock has a market capitalization of $3.13 billion, a P/E ratio of 63.69, a PEG ratio of 2.18 and a beta of 0.87.

Sprinklr (NYSE:CXM) last posted its earnings results on Wednesday, March 27th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Sprinklr had a net margin of 7.02% and a return on equity of 8.15%. The company had revenue of $194.21 million for the quarter, compared to analysts’ expectations of $188.50 million. As a group, analysts anticipate that Sprinklr, Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

CXM has been the topic of several recent research reports. Oppenheimer reaffirmed a “market perform” rating on shares of Sprinklr in a research note on Thursday, March 28th. Rosenblatt Securities lifted their target price on shares of Sprinklr from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. William Blair reaffirmed an “outperform” rating on shares of Sprinklr in a research note on Monday. KeyCorp started coverage on shares of Sprinklr in a research note on Thursday, March 21st. They set an “overweight” rating and a $19.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Sprinklr from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.90.

Insider Buying and Selling at Sprinklr

In other Sprinklr news, General Counsel Jacob Scott sold 16,602 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total value of $216,324.06. Following the transaction, the general counsel now owns 197,994 shares of the company’s stock, valued at $2,579,861.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Sprinklr news, General Counsel Jacob Scott sold 16,602 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.03, for a total transaction of $216,324.06. Following the sale, the general counsel now directly owns 197,994 shares in the company, valued at $2,579,861.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Manish Sarin sold 49,234 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $13.03, for a total transaction of $641,519.02. Following the sale, the chief financial officer now owns 595,712 shares in the company, valued at $7,762,127.36. The disclosure for this sale can be found here. Insiders have sold 495,513 shares of company stock valued at $6,087,581 over the last 90 days. 40.29% of the stock is owned by insiders.

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.