Sprout Social Inc’s recently made public that its Executive Chair Howard Justyn Russell unloaded Company’s shares for reported $1.3 million on Feb 06 ’25. In the deal valued at $32.59 per share,40,000 shares were sold. As a result of this transaction, Howard Justyn Russell now holds 7,417 shares worth roughly $ 0.23 million.
Then, Del Preto Joseph sold 1,500 shares, generating $50,460 in total proceeds. Upon selling the shares at $33.64, the CFO and Treasurer now owns 150,073 shares.
Before that, Howard Justyn Russell sold 40,000 shares. Sprout Social Inc shares valued at $1,266,800 were divested by the Executive Chair at a price of $31.67 per share. As a result of the transaction, Howard Justyn Russell now holds 27,136 shares, worth roughly $0.83 million.
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 fall -0.65% to $30.77. Over the last five days, the stock has lost -6.62%. Sprout Social Inc shares have risen nearly 0.20% since the year began. Nevertheless, the stocks have fallen -52.13% over the past one year. While a 52-week high of $67.33 was reached on 01/28/25, a 52-week low of $25.05 was recorded on 01/13/25. SMA at 50 days reached $32.56, while 200 days put it at $31.77.
Levels Of Support And Resistance For SPT Stock
The 24-hour chart illustrates a support level at 29.96, which if violated will result in even more drops to 29.14. On the upside, there is a resistance level at 31.82. A further resistance level may holdings at 32.86. The Relative Strength Index (RSI) on the 14-day chart is 39.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.14%. Stochastics %K at 8.64% indicates the stock is a buying.
