Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sprout Social Inc shares valued at $581,124 were sold by Rankin Aaron Edward Frederick on Mar 17 ’25. At $24.58 per share, Rankin Aaron Edward Frederick sold 23,646 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, AARON E F RANKIN REVOCABLE TRU purchased 23,646 shares, netting a total of over 566,795 in proceeds.
Before that, Howard Justyn Russell had sold 40,000 shares from its account. In a trade valued at $1,052,985, the Executive Chair traded Sprout Social Inc shares for $26.32 each. Upon closing the transaction, the insider’s holdings decreased to 40,000 shares, worth approximately $0.19 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 surge of approximately 6.45%. Over the course of the year, Sprout Social Inc shares have dropped approximately -18.30%. Shares of the company reached a 52-week high of $35.18 on 01/28/25 and a 52-week low of $22.95 on 03/10/25. A 50-day SMA is recorded $29.61, while a 200-day SMA reached $31.12.
Support And Resistance Levels for Sprout Social Inc (SPT)
According to the 24-hour chart, there is a support level at 24.75, which, if violated, would cause prices to drop to 24.42. In the upper region, resistance lies at 25.52. The next price resistance is at 25.96. RSI (Relative Strength Index) is 37.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 56.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
