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 dated Monday, January 13th. The stock was sold at an average price of $30.26, for a total value of $151,300.00. Following the sale, the director now directly owns 30,665 shares in the company, valued at $927,922.90. This represents a 14.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 Performance

Shares of NASDAQ:SPT opened at $30.72 on Wednesday. The business’s 50 day moving average price is $31.47 and its 200-day moving average price is $31.35. Sprout Social, Inc. has a 1 year low of $25.05 and a 1 year high of $68.41. 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 firm has a market capitalization of $1.76 billion, a PE ratio of -25.60 and a beta of 1.03.

Sprout Social (NASDAQ:SPT) last released its earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The business had revenue of $102.64 million for the quarter, compared to analysts’ expectations of $102.04 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. As a group, equities research analysts expect that Sprout Social, Inc. will post -0.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPT has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday. Scotiabank started coverage on shares of Sprout Social in a report on Monday, November 18th. They set a “sector perform” rating and a $28.00 price target on the stock. Barclays cut their price objective on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Piper Sandler lowered their target price 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of Sprout Social in a research note on Friday, November 8th. One investment 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $44.54.

Institutional Trading of Sprout Social

A number of hedge funds have recently bought and sold shares of the business. Arizona State Retirement System grew its position in shares of Sprout Social by 3.9% in the second quarter. Arizona State Retirement System now owns 13,934 shares of the company’s stock valued at $497,000 after purchasing an additional 529 shares in the last quarter. Diversified Trust Co boosted its stake in Sprout Social by 3.8% during the third quarter. Diversified Trust Co now owns 15,770 shares of the company’s stock worth $458,000 after buying an additional 571 shares during the last quarter. Truist Financial Corp grew its holdings in Sprout Social by 6.1% in the 2nd quarter. Truist Financial Corp now owns 11,260 shares of the company’s stock valued at $402,000 after buying an additional 646 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in shares of Sprout Social by 3.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 19,951 shares of the company’s stock worth $712,000 after acquiring an additional 750 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Sprout Social by 2,346.9% during the 2nd quarter. Quarry LP now owns 783 shares of the company’s stock worth $28,000 after acquiring an additional 751 shares during the period.

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.