Sprinklr Inc’s recently made public that its Director Thomas Ragy unloaded Company’s shares for reported $0.14 million on Dec 16 ’24. In the deal valued at $9.37 per share,15,258 shares were sold. As a result of this transaction, Thomas Ragy now holds 1,032,661 shares worth roughly $8.77 million.
Then, Thomas Ragy sold 129 shares, generating $1,202 in total proceeds. Upon selling the shares at $9.32, the Director now owns 1,032,532 shares.
Before that, Scott Jacob sold 3,742 shares. Sprinklr Inc shares valued at $35,063 were divested by the GENERAL COUNSEL AND CORP. SEC. at a price of $9.37 per share. As a result of the transaction, Scott Jacob now holds 352,340 shares, worth roughly $2.99 million.
JP Morgan downgraded its Sprinklr Inc [CXM] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid November with a ‘”a Sector perform”‘ rating. Wells Fargo also remained covering CXM and has decreased its forecast on November 12, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Barclays revised its rating on October 07, 2024. It rated CXM as “an Underweight” which previously was an “an Overweight”.
Price Performance Review of CXM
On Tuesday, Sprinklr Inc [NYSE:CXM] saw its stock jump 2.78% to $8.49. Over the last five days, the stock has lost -3.08%. Sprinklr Inc shares have risen nearly 0.47% since the year began. Nevertheless, the stocks have fallen -29.95% over the past one year. While a 52-week high of $14.31 was reached on 01/06/25, a 52-week low of $6.91 was recorded on 01/13/25. SMA at 50 days reached $8.40, while 200 days put it at $9.30.
Levels Of Support And Resistance For CXM Stock
The 24-hour chart illustrates a support level at 8.37, which if violated will result in even more drops to 8.26. On the upside, there is a resistance level at 8.56. A further resistance level may holdings at 8.64. The Relative Strength Index (RSI) on the 14-day chart is 47.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.35%. Stochastics %K at 15.41% indicates the stock is a buying.
How much short interest is there in Sprinklr Inc?
A steep rise in short interest was recorded in Sprinklr Inc stocks on 2024-11-15, growing by 3.82 million shares to a total of 11.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.93 million shares. There was a rise of 32.51%, which implies that there is a positive sentiment for the stock.
