Sprout Social Inc’s recently made public that its Director Walker Karen unloaded Company’s shares for reported $0.17 million on Dec 13 ’24. In the deal valued at $34.24 per share,5,000 shares were sold. As a result of this transaction, Walker Karen now holds 35,665 shares worth roughly $1.16 million.
Then, Howard Justyn Russell sold 40,000 shares, generating $1,382,887 in total proceeds. Upon selling the shares at $34.57, the Executive Chair now owns 7,417 shares.
Before that, KAREN WALKER bought 10,000 shares. Sprout Social Inc shares valued at $350,300 were divested by the Director at a price of $35.03 per share.
Scotiabank initiated its Sprout Social Inc [SPT] rating to a Sector perform in a research note published on November 19, 2024; the price target was $28. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in late August from “a Sector weight” to “an Underweight”. William Blair also remained covering SPT and has decreased its forecast on May 03, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Robert W. Baird revised its rating on May 03, 2024. It rated SPT as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of SPT
On Tuesday, Sprout Social Inc [NASDAQ:SPT] saw its stock jump 1.09% to $32.41. Over the last five days, the stock has lost -7.52%. Sprout Social Inc shares have fallen nearly -47.77% since the year began. Nevertheless, the stocks have fallen -48.36% over the past one year. While a 52-week high of $68.41 was reached on 02/12/24, a 52-week low of $25.05 was recorded on 09/11/24. SMA at 50 days reached $30.28, while 200 days put it at $35.86.
Levels Of Support And Resistance For SPT Stock
The 24-hour chart illustrates a support level at 31.98, which if violated will result in even more drops to 31.56. On the upside, there is a resistance level at 32.71. A further resistance level may holdings at 33.02. The Relative Strength Index (RSI) on the 14-day chart is 49.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.40%. Stochastics %K at 27.52% 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 2024-11-29, growing by 0.32 million shares to a total of 5.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.86 million shares. There was a rise of 6.13%, which implies that there is a positive sentiment for the stock.
