Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto Sells 16,800 Shares

Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto sold 16,800 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $30.99, for a total value of $520,632.00. Following the sale, the chief executive officer now owns 153,375 shares of the company’s stock, valued at $4,753,091.25. The trade was a 9.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ryan Paul Barretto also recently made the following trade(s):

• On Tuesday, December 3rd, Ryan Paul Barretto sold 13,465 shares of Sprout Social stock. The stock was sold at an average price of $31.45, for a total transaction of $423,474.25.
• On Monday, October 7th, Ryan Paul Barretto sold 16,800 shares of Sprout Social stock. The shares were sold at an average price of $28.25, for a total transaction of $474,600.00.

Sprout Social Stock Performance

NASDAQ:SPT opened at $30.71 on Thursday. The firm has a market capitalization of $1.76 billion, a PE ratio of -25.59 and a beta of 1.03. Sprout Social, Inc. has a 1 year low of $25.05 and a 1 year high of $68.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $30.65 and its 200 day simple moving average is $31.50.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.06). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The business had revenue of $102.64 million during the quarter, compared to analyst estimates of $102.04 million. On average, sell-side analysts anticipate that Sprout Social, Inc. will post -0.98 EPS for the current year.

Analyst Ratings Changes

SPT has been the subject of a number of research reports. Barclays decreased their target price on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Scotiabank assumed coverage on Sprout Social in a research note on Monday, November 18th. They issued a “sector perform” rating and a $28.00 target price on the stock. Oppenheimer cut their price target on Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, December 3rd. Piper Sandler lowered their price target on Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 price objective on shares of Sprout Social in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sprout Social has an average rating of “Hold” and a consensus price target of $45.46.

Institutional Trading of Sprout Social

A number of institutional investors and hedge funds have recently modified their holdings of SPT. Quarry LP grew its holdings in shares of Sprout Social by 2,346.9% in the 2nd quarter. Quarry LP now owns 783 shares of the company’s stock worth $28,000 after purchasing an additional 751 shares during the last quarter. nVerses Capital LLC grew its stake in Sprout Social by 76.5% during the second quarter. nVerses Capital LLC now owns 3,000 shares of the company’s stock worth $107,000 after buying an additional 1,300 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Sprout Social by 27.5% during the third quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock worth $108,000 after buying an additional 801 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Sprout Social in the second quarter valued at approximately $218,000. Finally, Entropy Technologies LP acquired a new position in shares of Sprout Social in the 3rd quarter worth approximately $265,000.

About Sprout Social

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.