Sprout Social Inc. (NASDAQ:SPT) went up by 8.13% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Software – Application giant went up by $27.00 to trade ended Tuesday trading at $24.97. This is up from the $24.97 price recorded on Monday’s trading session. Thanks to this latest performance, SPT is closer to the higher price 52-week target of $40.00 and further from the lowest price target of $23.00. Its performance from the start of the year has also been positive, with SPT up by 68.22% year-to-date.
Sprout Social Inc. (SPT) started the day trading at $25 and recorded an intraday high of $27.15. It also recorded an intraday low of $24.6739 during Tuesday’s trading session. Sprout Social Inc. is a very active stock that recorded a trading volume that is more than 29.37% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 594019, which is more than 29.37 of the total average daily trading volume of 419.54K.
Sprout Social Inc. (NASDAQ:SPT) 2020 Performance Impressive
The increase in SPT’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of SPT currently stands at $33.52, which is higher than the current trading price of the stock by 19.45%. However, SPT’s current trading price is -156.17% lower than the 52-week low price of $10.54. In terms of trading volume, Sprout Social Inc. currently experienced healthy participation during the last trading session. 594019 shares of Sprout Social Inc. were traded on the stock exchange on Tuesday, which is more than 29.37% of the 419.54K average trading volume of the stock.
The performance of the stock has been positive over the past year. SPT’s stock has gone up by 68.64% in the last six months. The quarterly performance of SPT currently stands at 69.17%, and it is down by -7.18% in the last month. The only negative figure was from the weekly performance, which currently reads -4.93%. At the time of writing SPT’s report, the company has a total market cap of $1.39B, making it one of the largest publicly-traded companies in the world.Sprout Social Inc. also has over 623 employees all over the world.
SPT Insider Activities
For Sprout Social Inc., insiders hold 85.20% of all company shares. The insider transactions over the past six months are up by 32,230.90%. During that period, insiders bought 105,225 shares in 28 transactions. In that same period, insiders sold 75,682 of their shares in 7 transactions. After these transactions, insiders at Sprout Social Inc. now hold 9.1M shares, which is over 82.03% of the total company stocks. Institutional investors currently hold a large chunk of the SPT shares, as they control 18.08% of the company’s total stock.
SPT Fundamental Analysis
For Sprout Social Inc., the stock’s diluted earnings per share (EPS) stands at -1.33. In the coming year, analysts expect the EPS to be -0.37.
The Return on Investment (ROI) on Sprout Social Inc.’s stock currently stands at -37.00%, and it has a net profit margin of -47.40%. The operating margin of the company is -48.20%, and its gross margin is 72.20%.
SPT Analysts Prediction
Goldman and Canaccord Genuity also believe that Sprout Social Inc.’s stock is outperforming at the moment.
SPT Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SPT currently stands at -5.00%, while the SMA50 is 12.96%. The biggest one is the SMA200, which is currently reading 37.02% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 53.00.