Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sprout Social Inc shares valued at $171,217 were sold by Walker Karen on Dec 13 ’24. At $34.24 per share, Walker Karen sold 5,000 shares. The insider’s holdings dropped to 35,665 shares worth approximately $1.15 million following the completion of this transaction.
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Also, Howard Justyn Russell sold 40,000 shares, netting a total of over 1,382,887 in proceeds. Following the sale of shares at $34.57 each, the insider now holds 7,417 shares.
Before that, KAREN WALKER had added 10,000 shares to its account. In a trade valued at $350,300, the Director bought Sprout Social Inc shares for $35.03 each.
As published in their initiating research note from Scotiabank on November 19, 2024, Sprout Social Inc [SPT] has been a Sector perform and the price target has been revised to $28. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”a Sector weight”‘ to ‘”an Underweight”‘ outlook in a report released in late August. As of May 03, 2024, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for SPT. Earlier on May 03, 2024, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for SPT stock which previously was a “an Outperform”.
Analyzing SPT Stock Performance
During the last five days, there has been a drop of approximately -7.62%. Over the course of the year, Sprout Social Inc shares have dropped approximately -47.33%. Shares of the company reached a 52-week high of $68.41 on 02/12/24 and a 52-week low of $25.05 on 09/11/24. A 50-day SMA is recorded $30.05, while a 200-day SMA reached $36.25. Nevertheless, trading volume fell to 0.72 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Sprout Social Inc (SPT)
According to the 24-hour chart, there is a support level at 31.10, which, if violated, would cause prices to drop to 29.84. In the upper region, resistance lies at 34.31. The next price resistance is at 36.26. RSI (Relative Strength Index) is 50.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 64.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
