Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) Director Aaron Edward Frederick Rankin sold 23,646 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $24.58, for a total transaction of $581,218.68. Following the transaction, the director now directly owns 42,122 shares in the company, valued at approximately $1,035,358.76. The trade was a 35.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Sprout Social Stock Performance
Shares of Sprout Social stock traded up $0.08 during trading on Friday, hitting $25.17. 780,470 shares of the stock were exchanged, compared to its average volume of 708,387. The stock's fifty day moving average is $29.51 and its 200 day moving average is $29.70. The stock has a market cap of $1.45 billion, a PE ratio of -20.97 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. Sprout Social, Inc. has a 12 month low of $22.95 and a 12 month high of $62.34.
Sprout Social (NASDAQ:SPT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). The firm had revenue of $107.09 million for the quarter, compared to the consensus estimate of $106.74 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. As a group, sell-side analysts anticipate that Sprout Social, Inc. will post -0.99 EPS for the current year.
Institutional Investors Weigh In On Sprout Social
Several institutional investors have recently bought and sold shares of SPT. Vanguard Group Inc. lifted its holdings in Sprout Social by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 5,886,167 shares of the company's stock valued at $180,764,000 after acquiring an additional 141,141 shares during the last quarter. Cadian Capital Management LP lifted its holdings in Sprout Social by 6.1% in the 4th quarter. Cadian Capital Management LP now owns 4,548,323 shares of the company's stock valued at $139,679,000 after acquiring an additional 263,267 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Sprout Social by 16.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,762,443 shares of the company's stock valued at $109,374,000 after acquiring an additional 519,406 shares during the last quarter. Dorsey Asset Management LLC lifted its holdings in Sprout Social by 16.7% in the 4th quarter. Dorsey Asset Management LLC now owns 2,306,149 shares of the company's stock valued at $70,822,000 after acquiring an additional 330,155 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Sprout Social by 0.3% in the 4th quarter. Jennison Associates LLC now owns 2,171,567 shares of the company's stock valued at $66,689,000 after acquiring an additional 7,311 shares during the last quarter.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of Sprout Social from $45.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Piper Sandler dropped their price target on shares of Sprout Social from $29.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on shares of Sprout Social from $34.00 to $29.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Morgan Stanley dropped their price target on shares of Sprout Social from $37.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Finally, Barclays dropped their price target on shares of Sprout Social from $38.00 to $34.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $33.85.
Check Out Our Latest Stock Report on SPT
Sprout Social Company Profile
(
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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.
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