Sprout Social, Inc. (NASDAQ:SPT) Director Sells $171,200.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $34.24, for a total value of $171,200.00. Following the completion of the transaction, the director now directly owns 35,665 shares in the company, valued at $1,221,169.60. This trade represents a 12.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sprout Social Stock Up 6.8 %

Sprout Social stock traded up $2.31 during midday trading on Monday, reaching $36.24. The company’s stock had a trading volume of 582,464 shares, compared to its average volume of 728,366. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $2.08 billion, a P/E ratio of -28.27 and a beta of 1.03. The stock’s 50-day simple moving average is $29.65 and its 200-day simple moving average is $31.60. Sprout Social, Inc. has a 52-week low of $25.05 and a 52-week high of $68.41.

Sprout Social (NASDAQ:SPT) last released its 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 company had revenue of $102.64 million during the quarter, compared to analyst estimates of $102.04 million. On average, sell-side analysts expect that Sprout Social, Inc. will post -0.98 EPS for the current year.

Institutional Investors Weigh In On Sprout Social

A number of large investors have recently made changes to their positions in SPT. Franklin Resources Inc. boosted its position in Sprout Social by 5.4% in the third quarter. Franklin Resources Inc. now owns 20,256 shares of the company’s stock valued at $576,000 after buying an additional 1,034 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Sprout Social by 3.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 98,204 shares of the company’s stock worth $2,855,000 after buying an additional 3,344 shares during the last quarter. Geode Capital Management LLC lifted its stake in Sprout Social by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,175,538 shares of the company’s stock valued at $34,179,000 after acquiring an additional 22,320 shares during the period. M&T Bank Corp purchased a new stake in shares of Sprout Social in the 3rd quarter valued at $1,074,000. Finally, Barclays PLC increased its stake in shares of Sprout Social by 339.5% in the third quarter. Barclays PLC now owns 90,234 shares of the company’s stock worth $2,623,000 after acquiring an additional 69,704 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SPT shares. Oppenheimer cut their price target on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Sprout Social in a research note on Friday, November 8th. Scotiabank started coverage on Sprout Social in a report on Monday, November 18th. They set a “sector perform” rating and a $28.00 price objective on the stock. KeyCorp downgraded Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 price target on the stock. in a research report on Thursday, August 22nd. Finally, Barclays decreased their price objective on Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, October 11th. One 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $45.46.

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.