Sprout Social, Inc. (NASDAQ:SPT) Director Sells $97,100.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $19.42, for a total transaction of $97,100.00. Following the completion of the transaction, the director now owns 25,665 shares of the company’s stock, valued at approximately $498,414.30. The trade was a 16.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sprout Social Stock Performance

NASDAQ:SPT opened at $19.64 on Friday. The stock has a 50-day simple moving average of $24.69 and a two-hundred day simple moving average of $28.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. Sprout Social, Inc. has a 52-week low of $18.72 and a 52-week high of $54.40. The firm has a market capitalization of $1.13 billion, a PE ratio of -16.37 and a beta of 1.11.

Sprout Social (NASDAQ:SPT) last released its earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The firm had revenue of $107.09 million during the quarter, compared to analysts’ expectations of $106.74 million. Analysts forecast that Sprout Social, Inc. will post -0.99 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. ArrowMark Colorado Holdings LLC raised its holdings in Sprout Social by 380.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,772,219 shares of the company’s stock valued at $54,425,000 after acquiring an additional 1,403,549 shares during the period. Norges Bank purchased a new stake in shares of Sprout Social during the fourth quarter worth about $13,422,000. Dorsey Asset Management LLC raised its stake in Sprout Social by 16.7% during the 4th quarter. Dorsey Asset Management LLC now owns 2,306,149 shares of the company’s stock valued at $70,822,000 after purchasing an additional 330,155 shares during the period. JPMorgan Chase & Co. lifted its holdings in Sprout Social by 324.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,947 shares of the company’s stock worth $11,714,000 after purchasing an additional 307,906 shares in the last quarter. Finally, Cadian Capital Management LP lifted its holdings in Sprout Social by 6.1% in the 4th quarter. Cadian Capital Management LP now owns 4,548,323 shares of the company’s stock worth $139,679,000 after purchasing an additional 263,267 shares in the last quarter.

Analyst Upgrades and Downgrades

SPT has been the topic of a number of research analyst reports. Jefferies Financial Group upped their price target on Sprout Social from $34.00 to $42.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus lowered their target price on shares of Sprout Social from $45.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley reduced their price target on shares of Sprout Social from $30.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday. The Goldman Sachs Group lowered their price objective on shares of Sprout Social from $29.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Barclays cut their target price on shares of Sprout Social from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.77.

Sprout Social Company Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.