Sprout Social, Inc. (NASDAQ:SPT) Director Sells $151,300.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 5,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $30.26, for a total value of $151,300.00. Following the transaction, the director now directly owns 30,665 shares in the company, valued at $927,922.90. The trade was a 14.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Karen Walker also recently made the following trade(s):

• On Friday, December 13th, Karen Walker sold 5,000 shares of Sprout Social stock. The stock was sold at an average price of $34.24, for a total value of $171,200.00.

Sprout Social Stock Up 1.1 %

SPT stock traded up $0.34 during trading on Tuesday, hitting $30.72. 263,435 shares of the company’s stock traded hands, compared to its average volume of 421,465. The firm has a market capitalization of $1.76 billion, a P/E ratio of -25.60 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 quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $31.41 and a two-hundred day simple moving average of $31.38.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on SPT shares. Barclays lowered their price objective on Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Sprout Social in a report on Friday, November 8th. Oppenheimer decreased their price target on Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, December 3rd. Scotiabank assumed coverage on Sprout Social in a research note on Monday, November 18th. They issued a “sector perform” rating and a $28.00 price objective for the company. Finally, Morgan Stanley lifted their target price on Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.54.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Quarry LP raised its holdings in shares of Sprout Social by 2,346.9% during the second quarter. Quarry LP now owns 783 shares of the company’s stock valued at $28,000 after acquiring an additional 751 shares during the last quarter. Assetmark Inc. raised its stake in Sprout Social by 27.5% in the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock valued at $108,000 after purchasing an additional 801 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Sprout Social during the 2nd quarter worth $218,000. Entropy Technologies LP purchased a new stake in shares of Sprout Social during the third quarter worth $265,000. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in shares of Sprout Social during the second quarter worth $368,000.

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.