Sprout Social Inc (NASDAQ:SPT) shares traded 0.22% higher at $31.68 on Wall Street last session.
SPT stock price is now 2.49% away from the 50-day moving average and -8.70% away from the 200-day moving average. The market capitalization of the company currently stands at $1.82B.
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With the price target of $28, Scotiabank recently initiated with Sector Perform rating for Sprout Social Inc (NASDAQ: SPT). On August 22, 2024, KeyBanc Capital Markets Downgraded its previous ‘Sector Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $28, while ‘William Blair’ rates the stock as ‘Mkt Perform’
In other news, Del Preto Joseph, CFO and Treasurer sold 1,500 shares of the company’s stock on Jan 02 ’25. The stock was sold for $46,755 at an average price of $31.17. Upon completion of the transaction, the CFO and Treasurer now directly owns 151,573 shares in the company, valued at $4.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 30 ’24, CEO Barretto Ryan Paul sold 16,800 shares of the business’s stock. A total of $520,615 was realized by selling the stock at an average price of $30.99. This leaves the insider owning 153,375 shares of the company worth $4.86 million. A total of 13.89% of the company’s stock is owned by insiders.
During the past 12 months, Sprout Social Inc has had a low of $25.05 and a high of $68.41. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 0.86, and a quick ratio of 0.86. The fifty day moving average price for SPT is $30.814 and a two-hundred day moving average price translates $34.84355 for the stock.
The latest earnings results from Sprout Social Inc (NASDAQ: SPT) was released for 2024-09-30. The net profit margin was -17.24% and return on equity was -44.64% for SPT. The company reported revenue of $102.64 million for the quarter, compared to $85.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.0 percent.
