Sprout Social Inc’s recent filing unveils that its Chairman and CEO Howard Justyn Russell unloaded Company’s shares for reported $2.45 million on Aug 07 ’24. In the deal valued at $30.57 per share,80,000 shares were sold. As a result of this transaction, Howard Justyn Russell now holds 7,417 shares worth roughly $0.25 million.
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Then, Howard Justyn Russell sold 20,000 shares, generating $613,599 in total proceeds. Upon selling the shares at $30.68, the Chairman and CEO now owns 0 shares.
Before that, Walker Karen sold 3,500 shares. Sprout Social Inc shares valued at $109,008 were divested by the Director at a price of $31.14 per share. As a result of the transaction, Walker Karen now holds 40,665 shares, worth roughly $1.35 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 Friday, Sprout Social Inc [NASDAQ:SPT] saw its stock jump 0.51% to $33.24. Over the last five days, the stock has gained 4.82%. Sprout Social Inc shares have fallen nearly -45.90% since the year began. Nevertheless, the stocks have fallen -28.52% over the past one year. While a 52-week high of $68.41 was reached on 02/12/24, a 52-week low of $25.68 was recorded on 05/08/24. SMA at 50 days reached $34.75, while 200 days put it at $48.81.
Levels Of Support And Resistance For SPT Stock
The 24-hour chart illustrates a support level at 32.88, which if violated will result in even more drops to 32.53. On the upside, there is a resistance level at 33.54. A further resistance level may holdings at 33.85. The Relative Strength Index (RSI) on the 14-day chart is 46.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.37%. Stochastics%K at 28.76% indicates the stock is a holding.
How much short interest is there in Sprout Social Inc?
A steep rise in short interest was recorded in Sprout Social Inc stocks on 2024-07-31, growing by 0.44 million shares to a total of 5.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.52 million shares. There was a rise of 7.42%, which implies that there is a positive sentiment for the stock.
