Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sprinklr Inc shares valued at $367,500 were sold by Elhafed Morad on Jan 12 ’24. At $12.25 per share, Elhafed Morad sold 30,000 shares. The insider’s holdings dropped to 50,952 shares worth approximately $0.44 million following the completion of this transaction.
Also, Thomas Ragy sold 15,258 shares, netting a total of over 142,967 in proceeds. Following the sale of shares at $9.37 each, the insider now holds 1,032,661 shares.
Before that, Thomas Ragy had sold 129 shares from its account. In a trade valued at $1,202, the Director traded Sprinklr Inc shares for $9.32 each. Upon closing the transaction, the insider’s holdings decreased to 129 shares, worth approximately $8.82 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 -4.58%. Over the course of the year, Sprinklr Inc shares have jumped approximately 1.07%. Shares of the company reached a 52-week high of $8.70 on 01/02/25 and a 52-week low of $8.47 on 01/02/25. A 50-day SMA is recorded $8.23, while a 200-day SMA reached $9.46. Nevertheless, trading volume fell to 0.95 million shares from 1.33 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 8.44, which, if violated, would cause prices to drop to 8.34. In the upper region, resistance lies at 8.67. The next price resistance is at 8.81. RSI (Relative Strength Index) is 46.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 80.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
