Sprout Social Inc’s recently made public that its CFO and Treasurer Del Preto Joseph unloaded Company’s shares for reported $41439.0 on Nov 04 ’24. In the deal valued at $27.63 per share,1,500 shares were sold. As a result of this transaction, Del Preto Joseph now holds 157,114 shares worth roughly $4.5 million.
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Then, Del Preto Joseph sold 1,500 shares, generating $42,411 in total proceeds. Upon selling the shares at $28.27, the CFO and Treasurer now owns 158,614 shares.
Before that, Howard Justyn Russell sold 20,000 shares. Sprout Social Inc shares valued at $564,560 were divested by the Executive Chair at a price of $28.23 per share. As a result of the transaction, Howard Justyn Russell now holds 7,417 shares, worth roughly $0.21 million.
KeyBanc Capital Markets downgraded its Sprout Social Inc [SPT] rating to an Underweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Mkt perform”. Robert W. Baird also remained covering SPT and has decreased its forecast on May 03, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Piper Sandler revised its rating on May 03, 2024. It rated SPT as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of SPT
On Monday, Sprout Social Inc [NASDAQ:SPT] saw its stock fall -0.10% to $28.61. Over the last five days, the stock has gained 0.03%. Sprout Social Inc shares have fallen nearly -53.43% since the year began. Nevertheless, the stocks have fallen -45.52% over the past one year. While a 52-week high of $68.41 was reached on 02/12/24, a 52-week low of $25.05 was recorded on 09/11/24. SMA at 50 days reached $28.15, while 200 days put it at $39.55.
Levels Of Support And Resistance For SPT Stock
The 24-hour chart illustrates a support level at 28.26, which if violated will result in even more drops to 27.91. On the upside, there is a resistance level at 28.98. A further resistance level may holdings at 29.35. The Relative Strength Index (RSI) on the 14-day chart is 51.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.84%. Stochastics %K at 56.23% 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 2024-10-31, dropping by -0.38 million shares to a total of 4.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.24 million shares. There was a decline of -7.73%, which implies that there is a negative sentiment for the stock.
