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 that occurred on Friday, April 4th. The stock was sold at an average price of $19.99, for a total transaction of $799,600.00. Following the transaction, the insider now owns 7,417 shares of the company's stock, valued at approximately $148,265.83. This trade represents a 84.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, February 6th, Justyn Russell Howard sold 40,000 shares of Sprout Social stock. The stock was sold at an average price of $32.59, for a total value of $1,303,600.00.
• 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 Price Performance

Shares of NASDAQ:SPT traded down $0.18 during trading on Friday, reaching $19.66. 462,525 shares of the company's stock traded hands, compared to its average volume of 758,346. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Sprout Social, Inc. has a fifty-two week low of $18.72 and a fifty-two week high of $56.58. The company has a 50-day simple moving average of $25.75 and a 200-day simple moving average of $28.96. The firm has a market cap of $1.14 billion, a PE ratio of -16.38 and a beta of 1.11.

Remove Ads

Sprout Social (NASDAQ:SPT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.20) EPS 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%. As a group, analysts predict that Sprout Social, Inc. will post -0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SPT shares. Canaccord Genuity Group lowered their target price on shares of Sprout Social from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their price objective on shares of Sprout Social from $34.00 to $29.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on Sprout Social from $45.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Morgan Stanley cut their price objective on Sprout Social from $37.00 to $30.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Finally, Needham & Company LLC decreased 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $33.85.

Hedge Funds Weigh In On Sprout Social

A number of large investors have recently added to or reduced their stakes in SPT. Charles Schwab Investment Management Inc. increased its stake in shares of Sprout Social by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 410,411 shares of the company's stock worth $11,931,000 after purchasing an additional 8,028 shares in the last quarter. FMR LLC increased its stake in Sprout Social by 21.4% during the 3rd quarter. FMR LLC now owns 48,599 shares of the company's stock worth $1,413,000 after buying an additional 8,553 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sprout Social by 12.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,002 shares of the company's stock valued at $407,000 after acquiring an additional 1,539 shares during the last quarter. Quarry LP raised its holdings in shares of Sprout Social by 100.9% during the third quarter. Quarry LP now owns 1,573 shares of the company's stock valued at $46,000 after acquiring an additional 790 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Sprout Social by 19.1% in the third quarter. Stifel Financial Corp now owns 82,790 shares of the company's stock valued at $2,407,000 after acquiring an additional 13,274 shares in the last quarter.

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.