The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Sprinklr Inc shares valued at $858,397 were sold by Sarin Manish on Mar 19 ’24. At $12.93 per share, Sarin Manish sold 66,388 shares. The insider’s holdings dropped to 529,324 shares worth approximately $6.89 million following the completion of this transaction.
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Also, Sarin Manish sold 49,234 shares, netting a total of over 641,519 in proceeds. Following the sale of shares at $13.03 each, the insider now holds 595,712 shares.
Before that, Pattabhiraman Arun had sold 27,859 shares from its account. In a trade valued at $363,003, the CHIEF MARKETING OFFICER traded Sprinklr Inc shares for $13.03 each. Upon closing the transaction, the insider’s holdings decreased to 27,859 shares, worth approximately $4.97 million.
As published in their initiating research note from KeyBanc Capital Markets on March 21, 2024, Sprinklr Inc [CXM] has been an Overweight and the price target has been revised to $19. Analysts at Rosenblatt started covering the stock with ‘”a Buy”‘ outlook in a report released in early February. As of December 07, 2023, BTIG Research has decreased its “Buy” rating to a “Neutral” for CXM. Earlier on July 25, 2023, DA Davidson initiated its rating. Their recommendation was “a Buy” for CXM stock.
Analyzing CXM Stock Performance
During the last five days, there has been a drop of approximately -0.84%. Over the course of the year, Sprinklr Inc shares have jumped approximately 8.06%. Shares of the company reached a 52-week high of $13.89 on 03/08/24 and a 52-week low of $11.36 on 01/03/24. A 50-day SMA is recorded $12.89, while a 200-day SMA reached $13.65. Nevertheless, trading volume fell to 4.1 million shares from 4.45 million shares the previous day.
Support And Resistance Levels for Sprinklr Inc (CXM)
According to the 24-hour chart, there is a support level at 12.86, which, if violated, would cause prices to drop to 12.71. In the upper region, resistance lies at 13.15. The next price resistance is at 13.29. RSI (Relative Strength Index) is 48.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 73.84%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Sprinklr Inc subject to short interest?
Stocks of Sprinklr Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.14 million shares to 8.14 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 8.28 million shares. A decline of -1.72% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.4 of the overall float, the days-to-cover ratio (short ratio) decline to 4.4.
