Sprout Social, Inc. (NASDAQ:SPT) Stock Holdings Reduced by Emerald Advisers LLC

Emerald Advisers LLC decreased its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 251,350 shares of the company's stock after selling 11,691 shares during the period. Emerald Advisers LLC owned approximately 0.44% of Sprout Social worth $7,719,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Quarry LP grew its holdings in shares of Sprout Social by 100.9% during the 3rd quarter. Quarry LP now owns 1,573 shares of the company's stock worth $46,000 after acquiring an additional 790 shares during the period. US Bancorp DE lifted its stake in Sprout Social by 2,392.6% during 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 grew its position in Sprout Social by 77.1% in the 4th quarter. KBC Group NV now owns 2,525 shares of the company's stock worth $78,000 after purchasing an additional 1,099 shares during the period. Yarbrough Capital LLC purchased a new stake in Sprout Social during the fourth quarter valued at $206,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Sprout Social by 41.6% during the 4th 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.

Wall Street Analysts Forecast Growth

SPT has been the topic of a number of analyst reports. Piper Sandler lowered their target price on shares of Sprout Social from $29.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Needham & Company LLC dropped their target price on Sprout Social from $55.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Scotiabank reduced their price objective on shares of Sprout Social from $28.00 to $25.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Oppenheimer decreased their target price on Sprout Social from $40.00 to $38.00 and set an "outperform" rating for the company in a research report on Tuesday, December 3rd. Finally, Morgan Stanley decreased 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $33.85.

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Sprout Social Price Performance

SPT traded down $0.89 on Thursday, hitting $23.51. 329,979 shares of the company were exchanged, compared to its average volume of 707,187. The business's fifty day moving average is $28.98 and its 200 day moving average is $29.59. The firm has a market capitalization of $1.36 billion, a P/E ratio of -19.59 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 fifty-two week low of $22.95 and a fifty-two week high of $61.34.

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

Insider Activity

In other Sprout Social news, Director Karen Walker sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $30.26, for a total value of $151,300.00. Following the sale, the director now owns 30,665 shares in the company, valued at approximately $927,922.90. This trade represents a 14.02 % decrease in their ownership of the stock. The sale 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 the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $31.67, for a total value of $1,266,800.00. Following the completion of the transaction, the insider now directly owns 27,136 shares of the company's stock, valued at approximately $859,397.12. The trade was a 59.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,446 shares of company stock valued at $3,823,551 in the last three months. Corporate insiders own 10.97% of the company's stock.

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.