Sprout Social Inc’s recent filing unveils that its CFO and Treasurer Del Preto Joseph unloaded Company’s shares for reported $46755.0 on Jan 02 ’25. In the deal valued at $31.17 per share,1,500 shares were sold. As a result of this transaction, Del Preto Joseph now holds 151,573 shares worth roughly $4.62 million.
Then, Barretto Ryan Paul sold 16,800 shares, generating $520,615 in total proceeds. Upon selling the shares at $30.99, the CEO now owns 153,375 shares.
Before that, RYAN PAUL BARRETTO REV TRUST U bought 16,800 shares. Sprout Social Inc shares valued at $527,688 were divested by the Officer at a price of $31.41 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 Friday, Sprout Social Inc [NASDAQ:SPT] saw its stock fall -3.72% to $30.50. Over the last five days, the stock has lost -0.62%. Sprout Social Inc shares have fallen nearly -0.68% since the year began. Nevertheless, the stocks have fallen -48.05% over the past one year. While a 52-week high of $68.41 was reached on 01/06/25, a 52-week low of $25.05 was recorded on 01/10/25. SMA at 50 days reached $30.98, while 200 days put it at $34.56.
Levels Of Support And Resistance For SPT Stock
The 24-hour chart illustrates a support level at 29.97, which if violated will result in even more drops to 29.45. On the upside, there is a resistance level at 31.23. A further resistance level may holdings at 31.97. The Relative Strength Index (RSI) on the 14-day chart is 42.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.36%. Stochastics %K at 19.44% indicates the stock is a buying.
How much short interest is there in Sprout Social Inc?
A steep rise in short interest was recorded in Sprout Social Inc stocks on 2024-12-13, dropping by -0.19 million shares to a total of 5.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.26 million shares. There was a decline of -3.65%, which implies that there is a negative sentiment for the stock.
