Sprout Social, Inc. (NASDAQ:SPT) Shares Bought by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co increased its position in Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 20.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 150,000 shares of the company's stock after purchasing an additional 25,000 shares during the period. Ilmarinen Mutual Pension Insurance Co owned 0.26% of Sprout Social worth $4,607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quarry LP lifted its holdings 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 purchasing an additional 790 shares in the last quarter. US Bancorp DE boosted its stake in shares of Sprout Social by 2,392.6% in the fourth quarter. US Bancorp DE now owns 1,695 shares of the company's stock valued at $52,000 after purchasing an additional 1,627 shares during the period. KBC Group NV grew its stake 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 in the last quarter. Yarbrough Capital LLC bought a new position in Sprout Social during the 4th quarter worth approximately $206,000. Finally, PNC Financial Services Group Inc. raised its stake in Sprout Social by 41.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,620 shares of the company's stock worth $265,000 after acquiring an additional 2,533 shares during the period.

Sprout Social Stock Performance

SPT traded down $0.47 during trading on Friday, hitting $19.37. 121,959 shares of the company traded hands, compared to its average volume of 690,205. Sprout Social, Inc. has a one year low of $18.72 and a one year high of $56.58. The stock's fifty day moving average is $26.03 and its 200 day moving average is $29.02. The firm has a market cap of $1.12 billion, a P/E ratio of -16.14 and a beta of 1.11. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

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

Insider Buying and Selling

In other Sprout Social news, 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 transaction, the director now owns 30,665 shares of the company's stock, valued at approximately $927,922.90. This represents a 14.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aaron Edward Frederick Rankin sold 23,646 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $24.58, for a total transaction of $581,218.68. Following the sale, the director now owns 42,122 shares in the company, valued at $1,035,358.76. The trade was a 35.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,446 shares of company stock worth $4,436,839 in the last three months. 10.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SPT. Needham & Company LLC lowered their price objective on shares of Sprout Social from $55.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Piper Sandler reduced their target price 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. Jefferies Financial Group increased their price target on Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Canaccord Genuity Group dropped their price objective on Sprout Social from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Morgan Stanley decreased their target price on shares of Sprout Social from $37.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Sprout Social has a consensus rating of "Hold" and an average price target of $33.85.

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.