Sprout Social, Inc. (NASDAQ:SPT) Insider Justyn Russell Howard Sells 40,000 Shares

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) insider Justyn Russell Howard sold 40,000 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $32.59, for a total value of $1,303,600.00. Following the completion of the sale, the insider now directly owns 7,417 shares of the company's stock, valued at $241,720.03. This represents a 84.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Justyn Russell Howard also recently made the following trade(s):

• On Wednesday, January 15th, Justyn Russell Howard sold 40,000 shares of Sprout Social stock. The stock was sold at an average price of $31.67, for a total value of $1,266,800.00.

Sprout Social Trading Up 0.6 %

NASDAQ:SPT traded up $0.19 during trading hours on Tuesday, hitting $33.14. 305,602 shares of the stock were exchanged, compared to its average volume of 558,756. The company's 50 day moving average is $32.53 and its two-hundred day moving average is $30.89. Sprout Social, Inc. has a twelve month low of $25.05 and a twelve month high of $68.41. 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 $1.90 billion, a P/E ratio of -27.62 and a beta of 1.06.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SPT shares. Scotiabank started coverage on Sprout Social in a research report on Monday, November 18th. They set a "sector perform" rating and a $28.00 price objective for the company. Oppenheimer cut their price objective 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. Jefferies Financial Group upped their price objective on Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Morgan Stanley upped their price objective on Sprout Social from $36.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price objective on shares of Sprout Social in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Sprout Social presently has an average rating of "Hold" and an average target price of $39.58.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Sprout Social by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 5,886,167 shares of the company's stock worth $180,764,000 after buying an additional 141,141 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Sprout Social in the 4th quarter valued at $338,000. Sei Investments Co. lifted its stake in shares of Sprout Social by 3.0% in the 4th quarter. Sei Investments Co. now owns 35,893 shares of the company's stock valued at $1,102,000 after purchasing an additional 1,038 shares during the period. Natixis Advisors LLC acquired a new position in shares of Sprout Social in the 4th quarter valued at $450,000. Finally, Ironwood Investment Management LLC acquired a new position in shares of Sprout Social in the 4th quarter valued at $656,000.

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.