Karen Walker Sells 5,000 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) Director Karen Walker sold 5,000 shares of Sprout Social stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $19.42, for a total transaction of $97,100.00. Following the completion of the transaction, the director now directly owns 25,665 shares in the company, valued at approximately $498,414.30. This represents a 16.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sprout Social Price Performance

NASDAQ SPT traded up $0.28 during trading hours on Friday, reaching $19.64. 464,847 shares of the company's stock were exchanged, compared to its average volume of 751,864. The firm has a fifty day moving average of $24.42 and a 200-day moving average of $28.64. Sprout Social, Inc. has a one year low of $18.72 and a one year high of $53.96. The stock has a market cap of $1.13 billion, a PE ratio of -16.37 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.

Sprout Social (NASDAQ:SPT - Get Free Report) last released 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). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The business had revenue of $107.09 million during the quarter, compared to the consensus estimate of $106.74 million. On average, equities research analysts predict that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays lowered their price target on Sprout Social from $38.00 to $34.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Needham & Company LLC dropped their price target on Sprout Social from $55.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Canaccord Genuity Group cut their price target on Sprout Social from $40.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group lowered their price objective on shares of Sprout Social from $29.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Scotiabank cut their target price on shares of Sprout Social from $28.00 to $25.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Sprout Social has an average rating of "Hold" and a consensus price target of $32.77.

Institutional Investors Weigh In On Sprout Social

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in Sprout Social by 31.0% in the first quarter. Harbor Capital Advisors Inc. now owns 12,499 shares of the company's stock valued at $275,000 after acquiring an additional 2,955 shares during the last quarter. Rhumbline Advisers lifted its position in Sprout Social by 9.6% during the 1st quarter. Rhumbline Advisers now owns 76,976 shares of the company's stock valued at $1,693,000 after purchasing an additional 6,774 shares during the period. GAMMA Investing LLC boosted its stake in shares of Sprout Social by 19,500.0% in the 1st quarter. GAMMA Investing LLC now owns 9,016 shares of the company's stock valued at $198,000 after purchasing an additional 8,970 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Sprout Social by 1,319.4% during the 1st quarter. Versant Capital Management Inc now owns 1,462 shares of the company's stock worth $32,000 after buying an additional 1,359 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Sprout Social during the 4th quarter worth approximately $4,296,000.

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.