In a filing, Sprout Social Inc revealed its Chairman and CEO Howard Justyn Russell unloaded Company’s shares for reported $1.13 million on Apr 08 ’24. In the deal valued at $56.52 per share,20,000 shares were sold. As a result of this transaction, Howard Justyn Russell now holds 0 shares worth roughly $0.0.
Then, Rankin Aaron Edward Frederick sold 22,000 shares, generating $1,252,800 in total proceeds. Upon selling the shares at $56.95, the Director now owns 0 shares.
Before that, Barretto Ryan Paul sold 5,600 shares. Sprout Social Inc shares valued at $318,936 were divested by the President at a price of $56.95 per share. As a result of the transaction, Barretto Ryan Paul now holds 198,175 shares, worth roughly $11.15 million.
KeyBanc Capital Markets initiated its Sprout Social Inc [SPT] rating to an Overweight in a research note published on March 21, 2024; the price target was $83. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Cantor Fitzgerald also remained covering SPT and has increased its forecast on January 02, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Stephens started covering the stock on October 11, 2023. It rated SPT as “an Overweight”.
Price Performance Review of SPT
On Friday, Sprout Social Inc [NASDAQ:SPT] saw its stock fall -0.12% to $56.27. Over the last five days, the stock has gained 0.66%. Sprout Social Inc shares have fallen nearly -8.41% since the year began. Nevertheless, the stocks have risen 8.36% over the past one year. While a 52-week high of $68.41 was reached on 02/12/24, a 52-week low of $37.00 was recorded on 03/15/24. SMA at 50 days reached $59.93, while 200 days put it at $54.48. A total of 0.52 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For SPT Stock
The 24-hour chart illustrates a support level at 55.64, which if violated will result in even more drops to 55.01. On the upside, there is a resistance level at 56.74. A further resistance level may holdings at 57.21. The Relative Strength Index (RSI) on the 14-day chart is 43.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.81%. Stochastics %K at 15.35% indicates the stock is a buying.
The most recent change occurred on July 06, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $61 price target.
