Sprout Social Inc (NASDAQ:SPT) shares traded 5.91% higher at $28.49 on Wall Street last session.
SPT stock price is now -47.21% away from the 50-day moving average and -47.31% away from the 200-day moving average. The market capitalization of the company currently stands at $1.61B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On May 03, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $72 to quote $45, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Howard Justyn Russell, Chairman and CEO sold 20,000 shares of the company’s stock on May 06 ’24. The stock was sold for $569,922 at an average price of $28.50. Upon completion of the transaction, the Chairman and CEO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, CFO and Treasurer Del Preto Joseph sold 1,500 shares of the business’s stock. A total of $42,767 was realized by selling the stock at an average price of $28.51. This leaves the insider owning 171,144 shares of the company worth $4.88 million. A total of 14.84% of the company’s stock is owned by insiders.
During the past 12 months, Sprout Social Inc has had a low of $25.68 and a high of $68.41. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 0.89, and a quick ratio of 0.89.
According to the Software – Application Company, earnings per share came in at 0.07, beating analysts’ expectations of -0.02 by 0.09. This compares to -$0.19 EPS in the same period last year. The net profit margin was -19.64% and return on equity was -47.75% for SPT. The company reported revenue of $96.78 million for the quarter, compared to $75.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.68 percent. For the current quarter, analysts expect SPT to generate $99.25M in revenue.
