Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sprinklr Inc shares valued at $142,967 were sold by Thomas Ragy on Dec 16 ’24. At $9.37 per share, Thomas Ragy sold 15,258 shares. The insider’s holdings dropped to 1,032,661 shares worth approximately $9.4 million following the completion of this transaction.
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Also, Thomas Ragy sold 129 shares, netting a total of over 1,202 in proceeds. Following the sale of shares at $9.32 each, the insider now holds 1,032,532 shares.
Before that, Scott Jacob had sold 3,742 shares from its account. In a trade valued at $35,063, the GENERAL COUNSEL AND CORP. SEC. traded Sprinklr Inc shares for $9.37 each. Upon closing the transaction, the insider’s holdings decreased to 3,742 shares, worth approximately $3.21 million.
As published in a research note from JP Morgan on December 11, 2024, Sprinklr Inc [CXM] has been rated down from an Overweight to a Neutral and the price target has been revised to $11. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in mid November. As of November 12, 2024, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for CXM. Earlier on October 07, 2024, Barclays downgraded its rating. Their new recommendation was “an Underweight” for CXM stock which previously was a “an Overweight”.
Analyzing CXM Stock Performance
During the last five days, there has been a drop of approximately -2.78%. Over the course of the year, Sprinklr Inc shares have dropped approximately -24.42%. Shares of the company reached a 52-week high of $14.31 on 03/28/24 and a 52-week low of $6.91 on 10/10/24. A 50-day SMA is recorded $7.95, while a 200-day SMA reached $9.67. Nevertheless, trading volume fell to 2.95 million shares from 3.01 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 8.91, which, if violated, would cause prices to drop to 8.71. In the upper region, resistance lies at 9.36. The next price resistance is at 9.61. RSI (Relative Strength Index) is 61.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.37, which suggests the price will decrease in the coming days. Percent R is at 27.17%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
