Sprout Social, Inc. (NASDAQ:SPT) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lessened its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 80.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,524 shares of the company's stock after selling 107,881 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Sprout Social were worth $784,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Quarry LP increased its stake in Sprout Social by 100.9% during the 3rd quarter. Quarry LP now owns 1,573 shares of the company's stock worth $46,000 after buying an additional 790 shares during the period. US Bancorp DE increased its position in shares of Sprout Social by 2,392.6% during the fourth quarter. US Bancorp DE now owns 1,695 shares of the company's stock worth $52,000 after acquiring an additional 1,627 shares during the period. KBC Group NV raised its stake in shares of Sprout Social by 77.1% in the fourth quarter. KBC Group NV now owns 2,525 shares of the company's stock valued at $78,000 after acquiring an additional 1,099 shares in the last quarter. Yarbrough Capital LLC acquired a new stake in shares of Sprout Social in the fourth quarter valued at $206,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Sprout Social by 41.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,620 shares of the company's stock valued at $265,000 after purchasing an additional 2,533 shares during the period.

Insider Transactions at Sprout Social

In related news, CEO Ryan Paul Barretto sold 16,800 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $19.90, for a total value of $334,320.00. Following the transaction, the chief executive officer now owns 136,575 shares in the company, valued at $2,717,842.50. The trade was a 10.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Karen Walker sold 5,000 shares of the company's stock in a transaction that occurred 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,446 shares of company stock worth $4,436,839. Insiders own 10.97% of the company's stock.

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Sprout Social Stock Performance

NASDAQ SPT traded down $0.18 during trading hours on Friday, hitting $19.66. The company had a trading volume of 462,525 shares, compared to its average volume of 758,346. The business has a 50 day moving average of $25.75 and a 200-day moving average of $28.96. The company has a market cap of $1.14 billion, a PE ratio of -16.38 and a beta of 1.11. Sprout Social, Inc. has a 1-year low of $18.72 and a 1-year high of $56.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96.

Sprout Social (NASDAQ:SPT - Get Free Report) last announced its 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 firm 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, equities research analysts expect that Sprout Social, Inc. will post -0.99 EPS for the current year.

Wall Street Analyst Weigh In

SPT has been the topic of several recent research reports. Morgan Stanley cut their price target 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. Canaccord Genuity Group cut their target price on shares of Sprout Social from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Piper Sandler decreased their price target 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. 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 research report on Wednesday, February 26th. Finally, Scotiabank reduced their price objective on shares of Sprout Social from $28.00 to $25.00 and set a "sector perform" rating on the stock in a 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. According to MarketBeat, Sprout Social currently has a consensus rating of "Hold" and a consensus price target of $33.85.

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.