Ryan Paul Barretto, President at Sprout Social (NASDAQ:SPT), reported a large insider sell on November 6, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Barretto sold 11,200 shares of Sprout Social. The total transaction amounted to $560,996.
Sprout Social shares are trading down 0.0% at $46.47 at the time of this writing on Tuesday morning.
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Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make an investing decision, however ...