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0.000524383848977533 0.000524383848977533 0.000524383848977533 0.000524383848977533 0.00367068694284218 0.00681699003670682 -0.0052438384897744 -0.0052438384897744
Stock impact report

Why Sprout Social (SPT) Stock Is Nosediving [Yahoo! Finance]

Sprout Social, Inc - Class A (SPT) 
Last sprout social, inc - class a earnings: 2/26 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The firm reduced its target to $12 from a previous $14. This move followed another recent price target cut from Barclays, which had lowered its target to $13 from $26. The negative sentiment from analysts appeared to outweigh recent positive insider activity. Just days earlier, Sprout Social's CEO, Ryan Paul Barretto, disclosed the purchase of nearly 94,000 shares for a total value of about $1 million. While such a large insider buy often signals confidence in a company's future, the subsequent price target reductions from Wall Street analysts seemed to be the primary driver for the stock's decline. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Sprout Social? Access our full analysis report here, it's free Sprout Social's shares are very volatile and have had 22 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but Show less Read more
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