Piper Sandler Keeps Their Hold Rating on Sprout Social (SPT)

Piper Sandler analyst Clarke Jeffries maintained a Hold rating on Sprout Social (SPT – Research Report) today and set a price target of $40.00. The company’s shares closed yesterday at $29.47.

Jeffries covers the Technology sector, focusing on stocks such as Trimble, Sprout Social, and Bentley Systems. According to TipRanks, Jeffries has an average return of 1.2% and a 53.10% success rate on recommended stocks.

In addition to Piper Sandler, Sprout Social also received a Hold from BTIG’s Matthew VanVliet in a report issued on May 8. However, today, Needham maintained a Buy rating on Sprout Social (NASDAQ: SPT).

The company has a one-year high of $68.41 and a one-year low of $25.68. Currently, Sprout Social has an average volume of 1.08M.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPT in relation to earlier this year.

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Sprout Social (SPT) Company Description:

Sprout Social, Inc. provides online social media management tools for businesses. It offers communication tools, contact management, lead generation, and analytics services. The company offers solutions for enterprises, agencies, small businesses, customer service, social media marketing, and employee advocacy sectors. Sprout Social was founded by Justyn Howard, Aaron Rankin and Gilbert Lara in 2010 and is headquartered in Chicago, IL.