Sprout Social Inc’s recent filing unveils that its Director AARON E F RANKIN REVOCABLE TRU acquired Company’s shares for reported $0.57 million on Mar 17 ’25. In the deal valued at $23.97 per share,23,646 shares were bought.
Then, Howard Justyn Russell sold 40,000 shares, generating $1,052,985 in total proceeds. Upon selling the shares at $26.32, the Executive Chair now owns 7,417 shares.
Before that, Howard Justyn Russell sold 24,496 shares. Sprout Social Inc shares valued at $644,637 were divested by the Executive Chair at a price of $26.32 per share. As a result of the transaction, Howard Justyn Russell now holds 208,174 shares, worth roughly $5.1 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 Monday, Sprout Social Inc [NASDAQ:SPT] saw its stock jump 2.25% to $24.51. Over the last five days, the stock has gained 4.56%. Sprout Social Inc shares have fallen nearly -20.19% since the year began. Nevertheless, the stocks have fallen -56.50% over the past one year. While a 52-week high of $62.34 was reached on 01/28/25, a 52-week low of $22.95 was recorded on 03/10/25. SMA at 50 days reached $30.01, while 200 days put it at $31.23.
Levels Of Support And Resistance For SPT Stock
The 24-hour chart illustrates a support level at 24.02, which if violated will result in even more drops to 23.52. On the upside, there is a resistance level at 25.00. A further resistance level may holdings at 25.49. The Relative Strength Index (RSI) on the 14-day chart is 31.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.29%. Stochastics %K at 17.57% 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 2025-02-28, dropping by -0.18 million shares to a total of 4.53 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.71 million shares. There was a decline of -4.0%, which implies that there is a negative sentiment for the stock.
