Blair William & Co. IL Sells 149,038 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Blair William & Co. IL trimmed its position in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 36.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 264,483 shares of the company's stock after selling 149,038 shares during the period. Blair William & Co. IL owned 0.46% of Sprout Social worth $8,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of Sprout Social by 100.9% in the third quarter. Quarry LP now owns 1,573 shares of the company's stock valued at $46,000 after buying an additional 790 shares during the last quarter. US Bancorp DE raised its stake in Sprout Social by 2,392.6% in the 4th quarter. US Bancorp DE now owns 1,695 shares of the company's stock valued at $52,000 after acquiring an additional 1,627 shares during the period. KBC Group NV lifted its holdings in Sprout Social by 77.1% during the 4th quarter. KBC Group NV now owns 2,525 shares of the company's stock valued at $78,000 after purchasing an additional 1,099 shares during the last quarter. Yarbrough Capital LLC bought a new position in Sprout Social during the fourth quarter worth $206,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Sprout Social by 41.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,620 shares of the company's stock valued at $265,000 after purchasing an additional 2,533 shares during the last quarter.

Sprout Social Price Performance

Shares of SPT stock traded down $1.80 during trading hours on Thursday, reaching $20.74. The company's stock had a trading volume of 559,051 shares, compared to its average volume of 632,236. Sprout Social, Inc. has a fifty-two week low of $19.21 and a fifty-two week high of $59.04. The firm's 50 day simple moving average is $28.14 and its 200-day simple moving average is $29.50. 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 company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -17.28 and a beta of 1.11.

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Sprout Social (NASDAQ:SPT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). The business had revenue of $107.09 million during the quarter, compared to analyst estimates of $106.74 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. Sell-side analysts forecast that Sprout Social, Inc. will post -0.99 earnings per share for the current year.

Insider Activity at Sprout Social

In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 23,646 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $24.58, for a total value of $581,218.68. Following the completion of the transaction, the director now directly owns 42,122 shares in the company, valued at approximately $1,035,358.76. This trade represents a 35.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $31.67, for a total value of $1,266,800.00. Following the sale, the insider now directly owns 27,136 shares in the company, valued at $859,397.12. The trade was a 59.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,646 shares of company stock valued at $3,302,919. 10.97% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group dropped their target price on Sprout Social from $40.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Morgan Stanley dropped their price objective 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. Scotiabank cut their price objective on shares of Sprout Social from $28.00 to $25.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Needham & Company LLC lowered their target price on shares of Sprout Social from $55.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, Jefferies Financial Group lifted their price target on shares of Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $33.85.

Sprout Social 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.