King Luther Capital Management Corp Has $239,000 Position in Sprout Social, Inc. (NASDAQ:SPT)

King Luther Capital Management Corp lessened its stake in Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 75.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,772 shares of the company's stock after selling 24,428 shares during the period. King Luther Capital Management Corp's holdings in Sprout Social were worth $239,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP boosted its position in shares of Sprout Social by 100.9% during the 3rd quarter. Quarry LP now owns 1,573 shares of the company's stock valued at $46,000 after acquiring an additional 790 shares in the last quarter. Assetmark Inc. grew its stake in shares of Sprout Social by 27.5% in the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company's stock valued at $108,000 after purchasing an additional 801 shares during the period. Franklin Resources Inc. raised its holdings in shares of Sprout Social by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 20,256 shares of the company's stock worth $576,000 after buying an additional 1,034 shares in the last quarter. KBC Group NV lifted its position in shares of Sprout Social by 77.1% during the 4th quarter. KBC Group NV now owns 2,525 shares of the company's stock worth $78,000 after buying an additional 1,099 shares during the period. Finally, Diversified Trust Co boosted its stake in Sprout Social by 8.1% in the 4th quarter. Diversified Trust Co now owns 17,044 shares of the company's stock valued at $523,000 after buying an additional 1,274 shares in the last quarter.

Insider Buying and Selling at Sprout Social

In related news, Director Karen Walker sold 5,000 shares of the company's stock in a transaction 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 completion of the transaction, the director now directly owns 30,665 shares of the company's stock, valued at approximately $927,922.90. This represents a 14.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Paul Barretto sold 16,800 shares of Sprout Social stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $30.99, for a total value of $520,632.00. Following the completion of the sale, the chief executive officer now directly owns 153,375 shares in the company, valued at $4,753,091.25. This represents a 9.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,800 shares of company stock valued at $3,242,332. Corporate insiders own 10.97% of the company's stock.

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Analyst Ratings Changes

SPT has been the subject of a number of analyst reports. Needham & Company LLC cut their price objective on Sprout Social from $55.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Oppenheimer cut their price target on shares of Sprout Social from $40.00 to $38.00 and set an "outperform" rating for the company in a report on Tuesday, December 3rd. Morgan Stanley decreased their price objective on shares of Sprout Social from $37.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group cut their target price on shares of Sprout Social from $34.00 to $29.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Finally, Scotiabank cut their price objective on Sprout Social from $28.00 to $25.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Sprout Social has a consensus rating of "Hold" and a consensus price target of $33.85.

Sprout Social Trading Up 1.7 %

Shares of SPT stock traded up $0.40 during trading hours on Friday, reaching $23.97. The company had a trading volume of 774,073 shares, compared to its average volume of 649,438. Sprout Social, Inc. has a 1-year low of $22.95 and a 1-year high of $62.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -19.97 and a beta of 1.11. The company has a 50 day moving average of $30.16 and a 200 day moving average of $29.92.

Sprout Social (NASDAQ:SPT - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). The company 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%. On average, equities research analysts anticipate that Sprout Social, Inc. will post -0.99 EPS for the current year.

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.