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 $5.6 million.
William Blair downgraded its Sprout Social Inc [SPT] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Neutral”. Piper Sandler also remained covering SPT and has decreased its forecast on May 03, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. KeyBanc Capital Markets revised its rating on May 03, 2024. It rated SPT as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of SPT
On Monday, Sprout Social Inc [NASDAQ:SPT] saw its stock fall -1.87% to $28.28. Over the last five days, the stock has lost -45.65%. Sprout Social Inc shares have fallen nearly -53.97% since the year began. Nevertheless, the stocks have fallen -26.61% over the past one year. While a 52-week high of $68.41 was reached on 02/12/24, a 52-week low of $27.85 was recorded on 05/06/24. SMA at 50 days reached $55.35, while 200 days put it at $54.33. A total of 3.16 million shares were traded, compared to the trading of 1.39 million shares in the previous session.
Levels Of Support And Resistance For SPT Stock
The 24-hour chart illustrates a support level at 27.29, which if violated will result in even more drops to 26.29. On the upside, there is a resistance level at 29.74. A further resistance level may holdings at 31.19. The Relative Strength Index (RSI) on the 14-day chart is 10.78, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.01%. Stochastics %K at 2.86% indicates the stock is a buying.
