There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Sprout Social Inc (SPT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.11, or -0.21%, to $53.29. The Sprout Social Inc has recorded 19,663 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Sprout Social Announces Third Quarter 2023 Financial Results Above Guidance Range.
This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. The current market capitalization of Sprout Social Inc is $2.99B. A total of 0.96 million shares were traded on the day, compared to an average of 606.93K shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, SPT has seen 1 BUY and 9 SELL insider trades, representing the acquisition of 75,000 and the disposition of 109,290 shares. Over the last 12 months, there were 26 BUYs and 124 SELLs from insiders. Insiders purchased 680,691 shares during that period but sold 523,039.
In the most recent transaction, Howard Justyn Russell sold 20,000 shares of SPT for 47.48 per share on Nov 09. After the transaction, the Chairman and CEO now owns 0 company shares. In a previous transaction on Nov 08, Howard Justyn Russell sold 20,000 shares at 49.98 per share. SPT shares that Chairman and CEO owns now total 0.
Among the insiders who sold shares, Barretto Ryan Paul disposed of 11,200 shares on Nov 03 at a per-share price of $50.09. This resulted in the President holding 226,175 shares of SPT after the transaction. In another insider transaction, Del Preto Joseph sold 462 shares at $43.34 per share on Nov 02. Company shares held by the CFO and Treasurer now total 134,168.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SPT in the last 3 months, the mean price target is $62.46 with high estimates of $78.00 and low estimates of $48.00. In terms of 52-week highs and lows, SPT has a high of $74.07 and a low of $37.00.
As of this writing, SPT has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.01 per share and a lower estimate of -$0.01. The company reported an EPS of $0.07 in the last quarter, which was 450.00% higher than expectations of -$0.02.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SPT’s latest balance sheet shows that the firm has $176.94M in Cash & Short Term Investments as of fiscal 2021. There were $23.64M in debt and $98.43M in liabilities at the time. Its Book Value Per Share was $2.59, while its Total Shareholder’s Equity was $145.21M.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPT is Buy with a score of 4.62.