Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sprout Social Inc shares valued at $1,052,985 were sold by Howard Justyn Russell on Mar 04 ’25. At $26.32 per share, Howard Justyn Russell sold 40,000 shares. The insider’s holdings dropped to 7,417 shares worth approximately $0.19 million following the completion of this transaction.
Also, Howard Justyn Russell sold 24,496 shares, netting a total of over 644,637 in proceeds. Following the sale of shares at $26.32 each, the insider now holds 208,174 shares.
Before that, Del Preto Joseph had sold 10,525 shares from its account. In a trade valued at $276,960, the CFO and Treasurer traded Sprout Social Inc shares for $26.31 each. Upon closing the transaction, the insider’s holdings decreased to 10,525 shares, worth approximately $3.57 million.
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 -6.54%. Over the course of the year, Sprout Social Inc shares have dropped approximately -16.77%. Shares of the company reached a 52-week high of $35.18 on 01/28/25 and a 52-week low of $25.44 on 03/06/25. A 50-day SMA is recorded $31.11, while a 200-day SMA reached $31.51.
Support And Resistance Levels for Sprout Social Inc (SPT)
According to the 24-hour chart, there is a support level at 25.21, which, if violated, would cause prices to drop to 24.86. In the upper region, resistance lies at 26.14. The next price resistance is at 26.73. RSI (Relative Strength Index) is 26.63 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.67, which suggests the price will decrease in the coming days. Percent R is at 98.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
