SPT Stock Summary and Trading Ideas (Sprout Social - Class A | NASDAQ:SPT)

Sprout Social Inc develops a cloud software that brings together social messaging, data and workflows in a unified system of record, intelligence, and action. The firm generates majority revenue from software subscriptions.

Sprout Social - Class A trades on the NASDAQ stock market under the symbol SPT.

As of April 18, 2024, SPT stock price climbed to $52.74 with 782,894 million shares trading.

SPT has a beta of 2.83, meaning it tends to be more sensitive to market movements. SPT has a correlation of 0.41 to the broad based SPY ETF.

SPT has a market cap of $2.97 billion. This is considered a Mid Cap stock.

Last quarter Sprout Social - Class A reported $94 million in Revenue and $.02 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.02.

In the last 3 years, SPT stock traded as high as $145.42 and as low as $37.00.

The top ETF exchange traded funds that SPT belongs to (by Net Assets): VTI, VB, IWM, VXF, VBK.

SPT has underperformed the market in the last year with a price return of -2.0% while the SPY ETF gained +22.3%. SPT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.1% and -5.8%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

SPT support price is $50.65 and resistance is $53.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPT stock will trade within this expected range on the day.