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The Attractiveness of Investing In Sprinklr Inc (CXM) is Growing

In a filing, Sprinklr Inc revealed its CHIEF CULTURE & TALENT OFFICER Adams Diane unloaded Company’s shares for reported $0.1 million on Sep 18 ’24. In the deal valued at $7.83 per share,12,915 shares were sold. As a result of this transaction, Adams Diane now holds 376,942 shares worth roughly $2.73 million.

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Then, Scott Jacob sold 2,963 shares, generating $23,200 in total proceeds. Upon selling the shares at $7.83, the GENERAL COUNSEL AND CORP. SEC. now owns 355,190 shares.

Before that, Scott Jacob sold 749 shares. Sprinklr Inc shares valued at $5,872 were divested by the GENERAL COUNSEL AND CORP. SEC. at a price of $7.84 per share. As a result of the transaction, Scott Jacob now holds 354,441 shares, worth roughly $2.56 million.

Barclays downgraded its Sprinklr Inc [CXM] rating to an Underweight from a an Overweight in a research note published on October 07, 2024; the price target was decreased to $7 from $10. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in early June from “a Buy” to “a Neutral”. Cantor Fitzgerald also remained covering CXM and has decreased its forecast on June 06, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. KeyBanc Capital Markets started covering the stock on March 21, 2024. It rated CXM as “an Overweight”.

Price Performance Review of CXM

On Friday, Sprinklr Inc [NYSE:CXM] saw its stock jump 1.26% to $7.23. Over the last five days, the stock has lost -3.08%. Sprinklr Inc shares have fallen nearly -39.95% since the year began. Nevertheless, the stocks have fallen -48.36% over the past one year. While a 52-week high of $17.14 was reached on 03/28/24, a 52-week low of $6.91 was recorded on 10/10/24. SMA at 50 days reached $8.16, while 200 days put it at $10.73.

Levels Of Support And Resistance For CXM Stock

The 24-hour chart illustrates a support level at 7.12, which if violated will result in even more drops to 7.00. On the upside, there is a resistance level at 7.32. A further resistance level may holdings at 7.40. The Relative Strength Index (RSI) on the 14-day chart is 39.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.32%. Stochastics %K at 23.40% 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 2024-09-30, growing by 0.4 million shares to a total of 8.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.12 million shares. There was a rise of 4.74%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on February 06, 2024 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $16 price target.

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