Moody National Bank Trust Division Has $1.89 Million Position in Sprout Social, Inc. (NASDAQ:SPT)

Moody National Bank Trust Division trimmed its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT) by 17.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,664 shares of the company’s stock after selling 12,930 shares during the quarter. Moody National Bank Trust Division owned 0.11% of Sprout Social worth $1,894,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP raised its position in Sprout Social by 2,346.9% in the 2nd quarter. Quarry LP now owns 783 shares of the company’s stock valued at $28,000 after buying an additional 751 shares during the last quarter. Assetmark Inc. lifted its position in shares of Sprout Social by 27.5% in the third quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock worth $108,000 after purchasing an additional 801 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Sprout Social in the second quarter valued at $218,000. Entropy Technologies LP acquired a new stake in Sprout Social in the 3rd quarter valued at $265,000. Finally, CFM Wealth Partners LLC bought a new stake in Sprout Social during the 3rd quarter worth about $355,000.

Sprout Social Stock Performance

SPT stock traded down $0.03 during trading hours on Monday, hitting $30.47. 177,333 shares of the stock were exchanged, compared to its average volume of 420,417. Sprout Social, Inc. has a 12 month low of $25.05 and a 12 month 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 has a market capitalization of $1.75 billion, a P/E ratio of -25.39 and a beta of 1.03. The company has a 50-day simple moving average of $31.35 and a two-hundred day simple moving average of $31.41.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) EPS 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 for the quarter, compared to the consensus estimate of $102.04 million. On average, analysts forecast that Sprout Social, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Activity at Sprout Social

In related news, CEO Ryan Paul Barretto sold 16,800 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $30.99, for a total transaction of $520,632.00. Following the sale, the chief executive officer now owns 153,375 shares in the company, valued at approximately $4,753,091.25. This trade represents a 9.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Karen Walker sold 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $34.24, for a total value of $171,200.00. Following the sale, the director now owns 35,665 shares of the company’s stock, valued at $1,221,169.60. The trade was a 12.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,265 shares of company stock worth $1,115,306. Company insiders own 10.97% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Scotiabank began coverage on Sprout Social in a report on Monday, November 18th. They set a “sector perform” rating and a $28.00 target price on the stock. Morgan Stanley upped their price objective on Sprout Social from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday. Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Sprout Social in a report on Friday, November 8th. Oppenheimer dropped their price target on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 3rd. Finally, Piper Sandler lowered their price objective on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $44.54.

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.