Recent Insider Activity Suggests Potential Gains for Sprinklr Inc (CXM)

In a filing, Sprinklr Inc revealed its Chief Executive Officer Thomas Ragy unloaded Company’s shares for reported $17029.0 on Jan 29. In the deal valued at $12.96 per share,1,314 shares were sold. As a result of this transaction, Thomas Ragy now holds 449,956 shares worth roughly $5.88 million.

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Then, Adams Diane sold 356 shares, generating $4,614 in total proceeds. Upon selling the shares at $12.96, the Chief Culture & Talent Officer now owns 267,940 shares.

Before that, Sarin Manish sold 60,651 shares. Sprinklr Inc shares valued at $728,419 were divested by the Chief Financial Officer at a price of $12.01 per share. As a result of the transaction, Sarin Manish now holds 644,946 shares, worth roughly $8.42 million.

Rosenblatt initiated its Sprinklr Inc [CXM] rating to a Buy in a research note published on February 06, 2024; the price target was $16.

Price Performance Review of CXM

On Friday, Sprinklr Inc [NYSE:CXM] saw its stock jump 1.63% to $13.06. Over the last five days, the stock has gained 1.87%. Sprinklr Inc shares have risen nearly 8.47% since the year began. Nevertheless, the stocks have risen 23.21% over the past one year. While a 52-week high of $17.14 was reached on 02/09/24, a 52-week low of $9.79 was recorded on 01/03/24. SMA at 50 days reached $12.53, while 200 days put it at $13.55. A total of 1.71 million shares were traded, compared to the trading of 1.05 million shares in the previous session.

Levels Of Support And Resistance For CXM Stock

The 24-hour chart illustrates a support level at 12.92, which if violated will result in even more drops to 12.78. On the upside, there is a resistance level at 13.16. A further resistance level may holdings at 13.26. The Relative Strength Index (RSI) on the 14-day chart is 58.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.49%. Stochastics %K at 65.18% indicates the stock is a holding.

How much short interest is there in Sprinklr Inc?

A steep rise in short interest was recorded in Sprinklr Inc stocks on Jan 31, 2024, growing by 1.1 million shares to a total of 8.28 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 7.18 million shares. There was a rise of 13.29%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.32% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.08.

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