Sprout Social, Inc. (NASDAQ:SPT – Get Free Report) CFO Preto Joseph Del sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $46.62, for a total transaction of $69,930.00. Following the transaction, the chief financial officer now directly owns 137,885 shares of the company’s stock, valued at $6,428,198.70. The sale was disclosed in a document filed with the SEC, which is available through this link.
Preto Joseph Del also recently made the following trade(s):
- On Wednesday, August 2nd, Preto Joseph Del sold 492 shares of Sprout Social stock. The shares were sold at an average price of $53.66, for a total value of $26,400.72.
- On Thursday, July 6th, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The stock was sold at an average price of $46.55, for a total value of $69,825.00.
- On Friday, June 30th, Preto Joseph Del sold 424 shares of Sprout Social stock. The shares were sold at an average price of $47.12, for a total transaction of $19,978.88.
- On Monday, June 5th, Preto Joseph Del sold 2,497 shares of Sprout Social stock. The shares were sold at an average price of $43.89, for a total transaction of $109,593.33.
Sprout Social Stock Performance
SPT opened at $44.33 on Thursday. Sprout Social, Inc. has a 1 year low of $37.00 and a 1 year high of $74.07. The firm has a 50 day moving average price of $49.79 and a 200 day moving average price of $53.53. The company has a market cap of $2.46 billion, a PE ratio of -49.26 and a beta of 0.91.
Institutional Investors Weigh In On Sprout Social
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on SPT. Cantor Fitzgerald reduced their price objective on shares of Sprout Social from $46.00 to $44.00 in a research note on Friday, August 4th. Needham & Company LLC restated a “buy” rating and set a $75.00 price objective on shares of Sprout Social in a report on Friday, August 4th. Morgan Stanley upped their target price on Sprout Social from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday. Robert W. Baird decreased their price target on Sprout Social from $78.00 to $60.00 in a research note on Wednesday, May 3rd. Finally, Stifel Nicolaus lowered their price target on Sprout Social from $75.00 to $60.00 in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $61.82.
Read Our Latest Report on Sprout Social
About Sprout Social
Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It provides cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action.
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