Sprout Social Stock (NASDAQ:SPT), Trade Ideas

Sprout Social

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 shutter

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Shares of Sprout Social fell Friday after reporting first-quarter financial results Thursday and sharing Q2 guidance.Cloud software company Sprout Social (NASDAQ:SPT) saw shared fell 40% Friday after reporting first-quarter financial results Thursday.

Why Sprout Social Shares Got Crushed Friday

Wall Street bull

Earnings

News

Eurozone

Commodities

Intraday Update

Markets

AEON

SGBX

TNDM

UPLD

S&amp;P 500 Rises Over 1%; Hershey Earnings Top Views

Apple

AAPL

Nasdaq Surges 2%; Apple Posts Upbeat Results

Sprout Social, Inc - Class A Common Stock

Sprout Social Inc

Sparta Healthcare Acquisition Corp.

SP Funds Trust SP Funds S&P Global Technology ETF

SPDR Portfolio Intermediate Term Treasury ETF

SINOPEC SHANGHAI PETRCHEM by Sinopec Shanghai Petrochemical Co. Ltd.

Sinopec Shanghai Petrochemical Co Ltd

SPDR Portfolio Long Term Treasury ETF

SPDR Portfolio S&P 1500 Composite Stock Market ETF

SpartanNash Co

SPDR Portfolio Short Term Treasury ETF

SPLITIT LTD SP/ADR by Splitit Ltd.

Specificity Inc

Loop Capital analyst Alan Gould maintains Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) with a Buy and raises the price target from $113 to $140.

Loop Capital Maintains Buy on Walt Disney, Raises Price Target to $140

Loop Capital analyst Chris Dankert maintains WESCO Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WCC#NYSE">WCC</a>) with a Buy and raises the price target from $190 to $200.

Loop Capital Maintains Buy on WESCO Intl, Raises Price Target to $200

In his latest podcast update, cryptocurrency trader Lark Davis previewed what could lay ahead for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38618264/is-this-the-time-to-buy-altcoins-crypto-researcher-sees-these-2-main-options">and different altcoins</a>.
What Happened: Davis <a href="https://www.youtube.com/watch?v=TbA_kPV480Q&amp;pp=ygUGY3J5cHRv">noted</a> that Bitcoin&#8217;s price action appears to have turned bullish, citing interesting chart patterns and indicators. He highlighted Bitcoin&#8217;s relative strength, which has retraced back to 40%, a level associated with rally attempts on three occasions since early 2023. Davis also highlighted the MACD bull cross and the RSI breakout as positive signs for the market.
Regarding the recent dip, Davis commented, "We did face a quick recovery as we&#8217;re saying the general consensus view is that we&#8217;re going down to $52,000 and look we could still have a correction down let&#8217;s not get too ahead of ourselves or too full of our bridges here right."
The Moving Average Convergence/Divergence (MACD) and Relative Strength Index (RSI) are two popular momentum indicators providing bullish and bearish signals to investors.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38640663/bitcoin-at-a-reversal-point-trader-sees-these-3-key-areas-of-interest">Bitcoin At A Reversal Point? Trader Sees These 3 &#8216;Key Areas Of Interest&#8217;</a>
Price Action: At the time of writing, BTC was trading at $63,075 down 1.8% over the past 24 hours.
Why It Matters: Davis&#8217; analysis suggests that Bitcoin may be on the verge of a trend reversal, with potential significant implications for the entire crypto market. He emphasized the importance of the 50-day EMA, stating that a conclusive close above this level could indicate a bullish momentum shift.
In the altcoin market, Davis discussed the recent developments in various projects, including Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), and the newly launched Sui (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SUI</a>) blockchain. He noted that Ethereum&#8217;s Layer-2 networks now hold 12.71% of the entire Ethereum supply, representing more than $10 billion in value.
Davis also touched on the competition between top blockchains, such as Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>), Polkadot (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/dot/usd">DOT</a>), and Avalanche (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/avax/usd">AVAX</a>), emphasizing the importance of these projects stepping up their game to attract users and developers.
While highlighting the success of meme coins like Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) and Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>), Davis speculated on the potential of newer meme coins like Foxy on the Linea blockchain.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38634101/despite-bitcoin-hitting-64k-analyst-says-king-crypto-remains-in-prime-buy-zone">Despite Bitcoin Hitting $64K, Analyst Says King Crypto Remains In &#8216;Prime Buy Zone&#8217;</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image created using artificial intelligence with Midjourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$ADA

$AVAX

$BTC

$DOT

$ETH

$PEPE

$SHIB

$SOL

$SUI

Bitcoin 'Could Still Have A Correction Down,' Cautions Lark Davis: 'Let's Not Get Ahead Of Ourselves'

Macro Economic Events

Global

Economics

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

U.S. State Dept Says An Operation In Rafah As It Is Currently Envisioned; Has Not Seen A Humanitarian Plan That Is Credible And Implementable; A Military Operation Right Now Would Dramatically Disrupt The Humanitarian Assistance Delivery

While former President Donald Trump made a name for himself through business and real estate dealings, he is currently profiting from cryptocurrency investments. These investments span all corners of the crypto spectrum and have been exceedingly profitable in 2024.&nbsp;
But Trump did not invest directly in the assets himself. Instead, he has received most of them from fans and projects that are related to him.&nbsp;
Don't Miss:
<ul>
<li>If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,<a href="https://www.benzinga.com/money/etoro-doge"> here&#8217;s how much you&#8217;d have today</a>.</li>
<li>According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire,<a href="https://www.benzinga.com/money/adv-6eth"> here&#8217;s why it can be true</a>.</li>
</ul>
Arkham Intelligence obtained the information regarding Trump's crypto holdings. The firm combines blockchain analytics with financial filings to locate the wallets of specific people and firms.&nbsp;
Trump received his first crypto tokens in late 2022 following the release of the Trump Digital Trading Cards <a href="https://www.benzinga.com/money/how-to-get-free-nfts">non-fungible token (NFT)</a> collection. The project used Trump's name, image and likeness to distribute 45,000 NFTs priced at $99 each. Trump earned royalties on the initial sale as well as a small portion from the trading volumes on the secondary market. The project has performed fairly well compared to the rest of the NFT market. The floor price for the project is well over $200.&nbsp;
Trump has received over 1,700 <a href="https://www.benzinga.com/money/is-ethereum-a-good-investment/">Ethereum (ETH)</a> and Wrapped Ether (WETH) from the project. In December 2023, Trump sent 1,075 of the ETH to Coinbase where he likely sold them. At the time, ETH was trading for around $2,300, and Trump received $2.4 million in proceeds. Trump currently holds around 800 tokens between ETH and WETH, worth approximately $2.5 million.&nbsp;
Trending: Bitcoin has jumped another 45% already this year &#8211;<a href="https://www.benzinga.com/money/kraken"> how much would you need to get started today?</a>
That was the only time Trump has sold any of his crypto holdings. However, another token in his portfolio has performed extremely well in the past few months, raising the question of whether Trump would sell more in the future.&nbsp;
The largest position in Trump's portfolio is <a href="https://www.benzinga.com/money/maga-trump-price-prediction">MAGA Coin (TRUMP)</a>. The token, launched in August, went from less than 1 cent to a high of over $11.50 in March. At launch, the project's creators sent 580,000 tokens to Trump as part of a marketing scheme and to thank the former president. At the time, the tokens were worth a few thousand dollars.&nbsp;
As the popularity of TRUMP exploded, the price skyrocketed. At highs, Trump's 580,000 tokens were worth over $6.7 million. The price of TRUMP has since fallen, but the position is still worth over $2.7 million.&nbsp;
Trump holds over 60 other tokens, most of which are meme coins and are worth anywhere from $1 to $1,000 and make up a very small portion of the overall holdings. Trump's <a href="https://www.benzinga.com/money/best-cryptocurrency-exchanges">crypto portfolio</a> is worth over $5.6 million, but this number is constantly changing with the values of the tokens in the portfolio.
Trump has realized millions of dollars in gains essentially for free, with the potential for millions of dollars more if he were to sell the other tokens in his portfolio.&nbsp;
Read Next:
<ul>
<li>1 in 4 Americans own a share of Bitcoin according to NASDAQ,<a href="https://www.benzinga.com/money/kraken"> how much would $10 get you today</a>?</li>
<li>Large boom in cryptocurrency and metaverse interest as BTC skyrockets — <a href="https://www.benzinga.com/money/ceek">has Apple Vision Pro increased the demand for virtual real estate?</a></li>
</ul>

Donald Trump Owns Millions In Crypto, But He's Not Risking His Own Money On These Altcoins

Politics

General

Citadel's CEO Ken Griffin Says I Hope In 2028 We Have Two Great Candidates On Both Sides

Chip designer&nbsp;Synopsys Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) has entered into a definitive agreement with Clearlake Capital Group, L.P.&nbsp;and&nbsp;Francisco Partners, two global private equity firms,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38641809/synopsys-enters-definitive-agreement-to-sell-its-software-integrity-business-to-clearlake-capital-" rel="noreferrer noopener">to sell its Software Integrity Group business.</a>
The transaction is valued at up to $2.1 billion, including up to $475 million in cash payable upon Francisco Partners and Clearlake achieving a specified rate of return.
After the completion of the transaction,&nbsp;Software&nbsp;Integrity Group business will emerge as a newly independent&nbsp;application security testing software&nbsp;provider,&nbsp;led by the existing management team.
The business will provide integrated software solutions that transform how development teams build and deliver software, boosting innovation while addressing business risk.
The name of the new standalone entity will&nbsp;be announced&nbsp;at a later date.
&#8220;For Synopsys, this move sharpens our focus on the unprecedented, high-growth opportunity we have in our core business – where the engineering of silicon and systems is converging as technology R&amp;D teams look to capitalize on this AI-driven era of pervasive intelligence,&#8221; said President and CEO Sassine Ghazi.
The transaction, unanimously approved by Synopsys&#8217; Board of Directors, is&nbsp;currently&nbsp;expected to close in the second half of 2024.
Synopsys held $1.27 billion in cash and equivalents&nbsp;<a target="_blank" href="https://www.benzinga.com//node/37245375" rel="noreferrer noopener">as of January-end.</a>
In January, Synopsys agreed to acquire rival design software firm&nbsp;Ansys Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/m-a/24/01/36646413/why-is-ansys-stock-trading-lower-tuesday" rel="noreferrer noopener">for $35 billion.</a>
Price Action: SNPS shares are trading higher by 1.05% at $542.57 at the last check Monday.

Asset Sales

ANSS

SNPS

Chip Designer Synopsys Sells Its Software Integrity Business For ~$2.1B

Citadel's CEO Ken Griffin Says  The Names Being Thrown Around For Trump Cabinet Are Really Good

Loop Capital analyst Rob Sanderson maintains Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) with a Buy and raises the price target from $43 to $49.

PINS

Loop Capital Maintains Buy on Pinterest, Raises Price Target to $49

U.S. State Dept Says U.s. Is "Quite Concerned" About Israel's Shutdown Of Al Jazeera Network; U.S. Thinks Al Jazeera Ought To Be Able To Operate In Israel; Can Confirm Hamas Has Issued A Response To Hostage Deal; U.S. Will Be Discussing Hamas Response With Allies In The Coming Hours

MoffettNathanson analyst Robert Fishman initiates coverage on Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) with a Buy rating and announces Price Target of $240.

Initiation

FLUT

MoffettNathanson Initiates Coverage On Flutter Entertainment with Buy Rating, Announces Price Target of $240

Israeli Army Spokesperson, Asked About Hamas Announcement On Truce, Says 'We Examine Every Answer And Response Seriously And Are Exhausting Every Possibility Regarding Negotiations And Returning Hostages'; That In Parallel, We Are Still Operating In Gaza And Will Continue To Do So

Short Sellers

Federal Reserve

Citadel's CEO Ken Griffin Says We Need To Make The Social Security Sustainable; A Default Cycle Is Going To Happen Again; Sanctions May Favor Currencies Other Than The Dollar

Hamas' Deputy Gaza Chief Says No Restrictions In The Agreement On Return Of Displaced To All Parts Of Gaza; Second Stage Of Agreement Entails Full Israeli Withdrawal From Gaza

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Krystal Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRYS#NASDAQ">KRYS</a>) with a Buy and maintains $200 price target.

KRYS

HC Wainwright & Co. Reiterates Buy on Krystal Biotech, Maintains $200 Price Target

Stifel analyst Chris O'Cull maintains Texas Roadhouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXRH#NASDAQ">TXRH</a>) with a Hold and raises the price target from $155 to $175.

TXRH

Stifel Maintains Hold on Texas Roadhouse, Raises Price Target to $175

Leerink Partners analyst Andrew Berens upgrades Blueprint Medicines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>) from Underperform to Market Perform and raises the price target from $50 to $97.

Upgrades

BPMC

Leerink Partners Upgrades Blueprint Medicines to Market Perform, Raises Price Target to $97

Stifel analyst Thomas Stephan maintains RxSight (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXST#NASDAQ">RXST</a>) with a Buy and raises the price target from $64 to $68.

RXST

Stifel Maintains Buy on RxSight, Raises Price Target to $68

Hormel Food Sales, a unit of&nbsp;Hormel Foods Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>),&nbsp;<a target="_blank" href="https://www.fda.gov/safety/recalls-market-withdrawals-safety-alerts/hormel-foods-sales-llc-recalls-limited-number-plantersr-honey-roasted-peanuts-4-oz-and-plantersr" rel="noreferrer noopener">voluntarily</a>&nbsp;recalled two varieties of Planters products&nbsp;produced at one of its facilities in April.
According to a news release from the company, the products are being recalled &#8220;out of an abundance of caution&#8221; because they&nbsp;have the potential to&nbsp;be contaminated with listeria monocytogenes.&nbsp;
This organism can cause&nbsp;serious&nbsp;and sometimes fatal infections in young children, frail or&nbsp;elderly people, and others with weakened immune systems.
Hormel says the recall impacts two retailers in five states and that there have been no reports of illness related to this recall.&nbsp;
The products&nbsp;were only shipped&nbsp;to Publix distribution warehouses in Florida, Georgia, Alabama, and North Carolina, as well as Dollar Tree distribution warehouses in South Carolina and Georgia.
The company also said that all retailers that received the affected product&nbsp;were notified&nbsp;and that the FDA was aware of the recall.
The recalled product is limited to:
<ul>
<li>4-ounce packages of Planters Honey Roasted Peanuts with a &#8220;Best If Used By&#8221; date of April 11, 2025 (displayed on the package as 04 11 25) and a package UPC code of 2900002097</li>
<li>8.75-ounce cans of Planters Deluxe Lightly Salted Mixed Nuts with a &#8220;Best If Used By&#8221; date of April 5, 2026 (displayed on the bottom of the can as 05APR26) and a package UPC code of 2900001621</li>
</ul>
&#8220;No other sizes, varieties, or other packaging configurations of Planters brand products are included in this recall,&#8221; Hormel said in the news release.
According to the Centers for Disease Control and Prevention,&nbsp;listeriosis is a&nbsp;serious&nbsp;infection&nbsp;usually caused by eating food contaminated with the bacterium listeria monocytogenes. The CDC&nbsp;<a target="_blank" href="https://www.cdc.gov/listeria/index.html" rel="noreferrer noopener">reports</a>&nbsp;that an estimated 1,600 people get listeriosis each year, and about 260 die.
&#8220;The infection is most likely to sicken pregnant women and their newborns, adults aged 65 or older, and people with weakened immune systems,&#8221; the CDC says.
Healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain, and diarrhea.
Price Action: HRL shares were down 1.04% at $34.81 at the last check on Monday.
Photo via Company

Health Care

Hormel Foods Recalls Some Contaminated Planters Nuts In Five States

Stifel analyst Matthew Smith maintains Post Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>) with a Buy and raises the price target from $115 to $120.

POST

Stifel Maintains Buy on Post Hldgs, Raises Price Target to $120

Analysts have been eager to weigh in on the Technology sector with new ratings on Arista Networks (ANET – Research Report), Fortinet (FTNT – Resear...

Analysts Offer Insights on Technology Companies: Arista Networks (ANET), Fortinet (FTNT) and Sprout Social (SPT)

In a report released yesterday, Clarke Jeffries from Piper Sandler downgraded Sprout Social (SPT – Research Report) to a Hold, with a price target ...

Hold Rating on Sprout Social Amidst Revised Growth Forecasts and Reporting Concerns

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pre-market stock movers are worth checking out this morning as we dive into all of the biggest news moving shares on Friday!



Moving stocks this morning are earnings reports, a withdrawn acquisition offer, a public offering and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Helius Medical Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/hsdt-stock-quote/">HSDT</a>) stock is rocketing more than 54% with strong pre-market trading.</li>



<li>Vaxxinity (NASDAQ:<a href="https://investorplace.com/stock-quotes/vaxx-stock-quote/">VAXX</a>) shares are soaring over 29% with heavy early morning trading.</li>



<li>El Pollo Loco (NASDAQ:<a href="https://investorplace.com/stock-quotes/loco-stock-quote/">LOCO</a>) stock is surging more than 18% alongside <a href="https://finance.yahoo.com/news/el-pollo-loco-holdings-inc-220540558.html">strong Q1 earnings results</a>.</li>



<li>Ardelyx (NASDAQ:<a href="https://investorplace.com/stock-quotes/ardx-stock-quote/">ARDX</a>) shares are increasing over 18% after <a href="https://www.msn.com/en-us/money/markets/ardx-stock-earnings-ardelyx-beats-eps-beats-revenue-for-q1-2024/ar-AA1o3YwP?ocid=finance-verthp-feeds">beating Q1 EPS and revenue estimates</a>.</li>



<li>OneSpan (NASDAQ:<a href="https://investorplace.com/stock-quotes/ospn-stock-quote/">OSPN</a>) stock is rising more than 18% with the release of its <a href="https://www.nasdaq.com/press-release/onespan-reports-first-quarter-2024-financial-results-2024-05-02">Q1 earnings report</a>.</li>



<li>AXT (NASDAQ:<a href="https://investorplace.com/stock-quotes/axti-stock-quote/">AXTI</a>) shares are gaining over 16% after <a href="https://www.globenewswire.com/news-release/2024/05/02/2874704/0/en/AXT-Inc-Announces-First-Quarter-2024-Financial-Results.html">releasing its Q1 results</a>.</li>



<li>WideOpenWest (NYSE:<a href="https://investorplace.com/stock-quotes/wow-stock-quote/">WOW</a>) stock is climbing more than 16% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318287824&amp;type=PDF&amp;symbol=WOW&amp;cdn=3e276719e2a8f7f26218657d24e90ba4&amp;companyName=WideOpenWest+Inc.&amp;formType=SC+13D%2FA&amp;formDescription=%5BAmend%5D+General+statement+of+acquisition+of+beneficial+ownership&amp;dateFiled=2024-05-02">on a takeover offer</a>.</li>



<li>Rapid Micro Biosystems (NASDAQ:<a href="https://investorplace.com/stock-quotes/rpid-stock-quote/">RPID</a>) shares are jumping over 16% alongside its <a href="https://www.nasdaq.com/press-release/rapid-micro-biosystems-reports-first-quarter-2024-financial-results-2024-05-03">Q1 earnings report</a>.</li>



<li>Allakos (NASDAQ:<a href="https://investorplace.com/stock-quotes/allk-stock-quote/">ALLK</a>) stock is getting a more than 15% boost without any clear news this morning.</li>



<li>Jaguar Health (NASDAQ:<a href="https://investorplace.com/stock-quotes/jagx-stock-quote/">JAGX</a>) shares are up over 14% with heavy pre-market trading.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Sprout Social (NASDAQ:<a href="https://investorplace.com/stock-quotes/spt-stock-quote/">SPT</a>) stock is diving more than 29% after <a href="https://finance.yahoo.com/news/sprout-social-announces-first-quarter-200500590.html">missing Q1 revenue estimates</a>.</li>



<li>CF Bankshares (NASDAQ:<a href="https://investorplace.com/stock-quotes/cfbk-stock-quote/">CFBK</a>) shares are tumbling 19% after <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318288388&amp;type=PDF&amp;symbol=CFBK&amp;cdn=543931818581d75227b695347c29892f&amp;companyName=CF+Bankshares+Inc.&amp;formType=EFFECT&amp;formDescription=Notice+of+Effectiveness&amp;dateFiled=2024-05-02">launching a public offering</a>.</li>



<li>Terran Orbital (NYSE:<a href="https://investorplace.com/stock-quotes/llap-stock-quote/">LLAP</a>) stock is taking an over 17% beating after Lockheed Martin (NYSE:<a href="https://investorplace.com/stock-quotes/lmt-stock-quote/">LMT</a>) <a href="https://www.businesswire.com/news/home/20240502032201/en/Terran-Orbital-Strategic-Review-is-Ongoing">withdrew its bid for the company</a>.</li>



<li>Stem (NYSE:<a href="https://investorplace.com/stock-quotes/stem-stock-quote/">STEM</a>) shares are sliding more than 17% with its <a href="https://finance.yahoo.com/news/stem-announces-first-quarter-2024-200500014.html">Q1 earnings report</a>.</li>



<li>Marin Software (NASDAQ:<a href="https://investorplace.com/stock-quotes/mrin-stock-quote/">MRIN</a>) stock is dropping over 16% after <a href="https://www.businesswire.com/news/home/20240502429971/en/Marin-Software-Announces-First-Quarter-2024-Financial-Results">releasing Q1 results</a>.</li>



<li>Radcom (NASDAQ:<a href="https://investorplace.com/stock-quotes/rdcm-stock-quote/">RDCM</a>) shares are decreasing more than 15% <a href="https://www.nasdaq.com/press-release/u.s.-operator-selects-radcom-to-deliver-saas-service-assurance-solution-on-aws-2024">after rallying yesterday</a>.</li>



<li>Cloudflare (NYSE:<a href="https://investorplace.com/stock-quotes/net-stock-quote/">NET</a>) stock is falling over 13% <a href="https://www.benzinga.com/news/earnings/24/05/38600530/cloudflare-stock-tanks-following-q1-results-subpar-guidance-heres-why">on lackluster guidance</a>.</li>



<li>NanoVibronix (NASDAQ:<a href="https://investorplace.com/stock-quotes/naov-stock-quote/">NAOV</a>) shares are slipping more than 13% <a href="https://www.nasdaq.com/press-release/nanovibronix-announces-painshield-will-be-included-in-department-of-veteran-affairs">following a rally yesterday</a>.</li>



<li>BigBear.ai (NYSE:<a href="https://investorplace.com/stock-quotes/bbai-stock-quote/">BBAI</a>) stock is dipping over 13% <a href="https://finance.yahoo.com/news/bigbear-ai-announces-first-quarter-201500541.html">on Q1 earnings</a>.</li>



<li>Bullfrog AI (NASDAQ:<a href="https://investorplace.com/stock-quotes/bfrg-stock-quote/">BFRG</a>) shares close out our pre-market stock movers down more than 13%.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/05/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-may-3rd/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday

In a report released today, Brian Schwartz from Oppenheimer maintained a Buy rating on Sprout Social (SPT – Research Report), with a price target o...

Oppenheimer Remains a Buy on Sprout Social (SPT)

AEON, SGBX and APVO among pre-market losers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Sprout Social&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/spt-stock-quote/">SPT</a>) stock is falling on Friday after the social media management company announced earnings results for the <a href="https://finance.yahoo.com/news/sprout-social-announces-first-quarter-200500590.html">first quarter of 2024</a>.



Holding back Sprout Social stock this morning is its revenue of $96.78 million. That didn&rsquo;t reach Wall Street&rsquo;s estimate of $97.2 million for the quarter. This is despite it increasing 29% from the $75.21 million reported in the same period of the year prior.



That&rsquo;s unfortunate as the company&rsquo;s adjusted EPS came in at 10 cents. That&rsquo;s well above the flat earnings analysts were expecting. It&rsquo;s also above the 6 cents per share reported in the first quarter of 2023.



Sprout Social Chief Financial Officer Joe Del Preto said this in the earnings report.




&ldquo;We underestimated the magnitude of enterprise seasonality that now comes with our business mix, while also self-inducing sales execution headwinds during Q1 that we believe were important to position us for future success. We have factored Q1 underperformance and tightened strategic focus into our reduced 2024 revenue forecast, though we believe we&rsquo;re now positioned for greater long- term success.&rdquo;




<h2>SPT Stock Guidance 2024</h2>



Sprout Social&rsquo;s outlook for 2024 includes adjusted EPS of 45 cents to 46 cents alongside revenue ranging from $405 million and $406 million. These are mixed next to Wall Street&rsquo;s estimates of 23 cents per share and revenue of $425.57 million for the year.



SPT stock is down 32.2% as of Friday morning.



There are plenty more stock market stories worth reading about on Friday!



Luckily, we have them all ready to go without coverage of the market today. A few examples include what&rsquo;s happening with shares of Vaxxinity&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/vaxx-stock-quote/">VAXX</a>) and Helius Medical Technology&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/hsdt-stock-quote/">HSDT</a>) stock today as well as the biggest pre-market stock movers this morning. You can dive into that news down below!



<h2>More Friday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/05/why-is-vaxxinity-vaxx-stock-up-39-today/">Why Is Vaxxinity (VAXX) Stock Up 39% Today?</a></li>



<li><a href="https://investorplace.com/2024/05/why-is-helius-medical-technology-hsdt-stock-up-47-today/">Why Is Helius Medical Technology (HSDT) Stock Up 47% Today?</a></li>



<li><a href="https://investorplace.com/2024/05/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-may-3rd/">Today&rsquo;s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on&nbsp;Friday</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/05/why-is-sprout-social-spt-stock-down-32-today/">Why Is Sprout Social (SPT) Stock Down 32% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Sprout Social (SPT) Stock Down 32% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
CF Bankshares&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cfbk-stock-quote/">CFBK</a>) stock is up on Friday after the bank holding company <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318288388&amp;type=PDF&amp;symbol=CFBK&amp;cdn=543931818581d75227b695347c29892f&amp;companyName=CF+Bankshares+Inc.&amp;formType=EFFECT&amp;formDescription=Notice+of+Effectiveness&amp;dateFiled=2024-05-02">launched a public offering</a> of its shares this morning.



That public offering is <a href="https://www.sec.gov/Archives/edgar/data/1070680/000119312524096030/d827648ds3.htm">tied to a filing</a> with the Securities and Exchange Commission (SEC) made on April 15. At that time, the company said it intended to offer up to $35 million worth of CFBK stock to investors.



What&rsquo;s still unclear as of this writing is what the company has priced shares in this offering at. The only thing it notes in its April 15 filing is its stock price of $18.75 on April 10. That doesn&rsquo;t tell us how many investors are paying for shares in this latest offering.



CF Bankshares will likely follow up on its effectiveness filing with more details today. That should include the total number of shares being sold in this offering and what they are priced at.



<h2>What This Means for CFBK Stock</h2>



Public offerings often don&rsquo;t sit well with investors for a couple of reasons. The first is that it increases the total number of outstanding shares on the market. This also dilutes the stocks of current holders of CFBK stock.



The other concern investors have is a public offering devaluing a company&rsquo;s shares. This is due to public offerings typically selling new shares at a discounted price. Both of these factors explain why shares of CFBK are falling today.



CFBK stock is down 19% as of Friday morning.



Investors will find even more stock market stories below!



We have all of the hottest stock market news on Friday! That includes everything happening with shares of Sprout Social&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/spt-stock-quote/">SPT</a>) stock, Vaxxinity&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/vaxx-stock-quote/">VAXX</a>) stock and Helius Medical Technology&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/hsdt-stock-quote/">HSDT</a>) stock today. You can catch up on these matters at the following links!



<h2>More Stock Market News for Friday</h2>



<ul><li><a href="https://investorplace.com/2024/05/why-is-sprout-social-spt-stock-down-32-today/">Why Is Sprout Social (SPT) Stock Down 32% Today?</a></li>



<li><a href="https://investorplace.com/2024/05/why-is-vaxxinity-vaxx-stock-up-39-today/">Why Is Vaxxinity (VAXX) Stock Up 39% Today?</a></li>



<li><a href="https://investorplace.com/2024/05/why-is-helius-medical-technology-hsdt-stock-up-47-today/">Why Is Helius Medical Technology (HSDT) Stock Up 47% Today?</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/05/why-is-cf-bankshares-cfbk-stock-down-1-today/">Why Is CF Bankshares (CFBK) Stock Down 19% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is CF Bankshares (CFBK) Stock Down 19% Today?

Sprout Social hemorrhages following earnings, receives multiple downgrades

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) stock is getting a boost on Friday after the tech giant announced a $110 billion share buyback problem.



This AAPL <a href="https://www.apple.com/newsroom/2024/05/apple-reports-second-quarter-results/">stock buyback program</a> was announced alongside the company&rsquo;s earnings report for the second quarter of 2024. To go along with that, the company increased its quarterly dividend by 4% to 25 cents.



Apple Chief Financial Officer Luca Maestri said the following about the stock buyback and dividend.




&ldquo;Given our confidence in Apple&rsquo;s future and the value we see in our stock, our Board has authorized an additional $110 billion for share repurchases. We are also raising our quarterly dividend for the twelfth year in a row.&rdquo;




Apple also reported <a href="https://www.apple.com/newsroom/pdfs/fy2024-q2/FY24_Q2_Consolidated_Financial_Statements.pdf">EPS of $1.53</a> alongside revenue of $90.75 billion. Both of these are better than Wall Street&rsquo;s estimate of $1.51 per share and revenue of $90.45 billion. For comparison, the company&rsquo;s performance a year ago was EPS of $1.52 and revenue of $94.84 billion.



<h2>AAPL Stock Deep Dive</h2>



Investors will note that Apple&rsquo;s stock buyback and dividend are easing investors&rsquo; worries about slowing sales. The company saw iPhone sales of $45.96 billion come in <a href="https://www.cnn.com/2024/05/02/tech/apple-earnings-second-quarter-2024/index.html">just under estimates</a>.



It&rsquo;s also worth noting that iPad revenue for the quarter was $5.6 billion. That&rsquo;s down 17% from the same period of the year prior. However, Mac sales increased 4% to $7.5 billion during the quarter.



AAPL stock is up 6.3% as of Friday morning. That comes with more than 58 million shares traded. This is closing in on its daily average of about 61.5 million shares.



Investors will find more of the most recent stock market stories for today below!



We have all of the hottest stock market news traders need to know about on Friday! Among that is what has shares of Coinbase&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/">COIN</a>), CF Bankshares&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cfbk-stock-quote/">CFBK</a>) and Sprout Social&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/spt-stock-quote/">SPT</a>) stock today. All of that news is available at the following links!



<h2>More Friday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/05/jpmorgan-just-raised-its-price-target-on-coinbase-coin-stock/">JPMorgan Just Raised Its Price Target on Coinbase (COIN) Stock</a></li>



<li><a href="https://investorplace.com/2024/05/why-is-cf-bankshares-cfbk-stock-down-1-today/">Why Is CF Bankshares (CFBK) Stock Down 19% Today?</a></li>



<li><a href="https://investorplace.com/2024/05/why-is-sprout-social-spt-stock-down-32-today/">Why Is Sprout Social (SPT) Stock Down 32% Today?</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/05/aapl-shares-pop-on-110-billion-apple-stock-buyback-plans/">AAPL Shares Pop on $110 Billion Apple Stock Buyback Plans</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

AAPL Shares Pop on $110 Billion Apple Stock Buyback Plans

Sprout Social: Time For A Reset (Rating Upgrade)

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