In the Green: Sprout Social Inc (SPT) Closes at 35.12, Up/Down -3.20 from Previous Day

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In the latest session, Sprout Social Inc (NASDAQ: SPT) closed at $35.12 down -3.20% from its previous closing price of $36.28. In other words, the price has decreased by -$3.20 from its previous closing price. On the day, 0.93 million shares were traded. SPT stock price reached its highest trading level at $36.59 during the session, while it also had its lowest trading level at $34.27.

Ratios:

For a deeper understanding of Sprout Social Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 303.37. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.89. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.40.

On May 03, 2024, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $72 to $45.

Piper Sandler Downgraded its Overweight to Neutral on May 03, 2024, whereas the target price for the stock was revised from $66 to $40.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 08 ’24 when Howard Justyn Russell sold 20,000 shares for $36.13 per share. The transaction valued at 722,540 led to the insider holds 0 shares of the business.

Barretto Ryan Paul sold 11,200 shares of SPT for $404,320 on Jul 08 ’24. The President now owns 186,975 shares after completing the transaction at $36.10 per share. On Jul 01 ’24, another insider, Del Preto Joseph, who serves as the CFO and Treasurer of the company, sold 1,500 shares for $36.66 each. As a result, the insider received 54,991 and left with 165,624 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SPT now has a Market Capitalization of 2051197568 and an Enterprise Value of 1954460928. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.59 while its Price-to-Book (P/B) ratio in mrq is 13.48. Its current Enterprise Value per Revenue stands at 5.502 whereas that against EBITDA is -33.525.

Stock Price History:

The Beta on a monthly basis for SPT is 0.99, which has changed by -0.32226938 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, SPT has reached a high of $68.41, while it has fallen to a 52-week low of $25.68. The 50-Day Moving Average of the stock is 1.47%, while the 200-Day Moving Average is calculated to be -30.73%.

Shares Statistics:

For the past three months, SPT has traded an average of 1.23M shares per day and 818650 over the past ten days. A total of 49.24M shares are outstanding, with a floating share count of 48.15M. Insiders hold about 14.90% of the company’s shares, while institutions hold 105.15% stake in the company. Shares short for SPT as of 1718323200 were 5325293 with a Short Ratio of 4.32, compared to 1715731200 on 4477831. Therefore, it implies a Short% of Shares Outstanding of 5325293 and a Short% of Float of 12.1300004.

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