Insider Selling: Sprout Social, Inc. (NASDAQ:SPT) CMO Sells 1,283 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPT) CMO Jamie Cannon Gilpin sold 1,283 shares of the business’s stock in a transaction that occurred on Friday, September 17th. The shares were sold at an average price of $133.70, for a total value of $171,537.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jamie Cannon Gilpin also recently made the following trade(s):

  • On Monday, July 19th, Jamie Cannon Gilpin sold 1,278 shares of Sprout Social stock. The shares were sold at an average price of $82.50, for a total value of $105,435.00.
  • On Thursday, July 1st, Jamie Cannon Gilpin sold 5,000 shares of Sprout Social stock. The shares were sold at an average price of $88.39, for a total value of $441,950.00.

Shares of NASDAQ SPT traded down $8.07 during trading on Monday, reaching $128.91. The company had a trading volume of 455,078 shares, compared to its average volume of 532,598. Sprout Social, Inc. has a 12-month low of $33.36 and a 12-month high of $137.86. The stock has a market cap of $6.94 billion, a PE ratio of -280.24 and a beta of 1.07. The business’s 50-day moving average is $107.08 and its 200 day moving average is $81.98.

Sprout Social (NASDAQ:SPT) last released its earnings results on Tuesday, August 3rd. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.06. Research analysts forecast that Sprout Social, Inc. will post -0.55 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its holdings in shares of Sprout Social by 224.5% during the second quarter. Rockefeller Capital Management L.P. now owns 318 shares of the company’s stock valued at $28,000 after purchasing an additional 220 shares in the last quarter. First Horizon Advisors Inc. bought a new position in shares of Sprout Social during the second quarter valued at $30,000. Point72 Hong Kong Ltd bought a new position in shares of Sprout Social during the first quarter valued at $51,000. Eaton Vance Management bought a new position in shares of Sprout Social during the first quarter valued at $52,000. Finally, Lazard Asset Management LLC bought a new position in Sprout Social in the second quarter valued at about $84,000. 76.19% of the stock is currently owned by hedge funds and other institutional investors.

SPT has been the topic of several research analyst reports. KeyCorp boosted their target price on Sprout Social from $112.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday. Piper Sandler boosted their target price on Sprout Social from $86.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, August 4th. Needham & Company LLC boosted their target price on Sprout Social from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. Barclays boosted their target price on Sprout Social from $112.00 to $158.00 and gave the company an “overweight” rating in a research note on Friday. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Sprout Social from a “buy” rating to a “hold” rating in a research note on Wednesday, June 30th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Sprout Social presently has a consensus rating of “Buy” and a consensus price target of $117.90.

Sprout Social Company Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management tool in Americas, EMEA, and the Asia Pacific. The company offers cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. It provides various integrated tools in a range of functions comprising social engagement/response, publishing, reporting and analytics, social listening and business intelligence, reputation management, employee advocacy, and automation and workflows.

Recommended Story: Basic Economics creates winners and losers

Insider Buying and Selling by Quarter for Sprout Social (NASDAQ:SPT)

Receive News & Ratings for Sprout Social Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprout Social and related companies with MarketBeat.com's FREE daily email newsletter.