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

Landscape Capital Management L.L.C. increased its stake in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 35.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,405 shares of the company's stock after purchasing an additional 34,626 shares during the quarter. Landscape Capital Management L.L.C. owned 0.23% of Sprout Social worth $3,878,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SPT. Quarry LP increased its holdings in Sprout Social by 2,346.9% in the second quarter. Quarry LP now owns 783 shares of the company's stock valued at $28,000 after buying an additional 751 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Sprout Social in the 1st quarter valued at $37,000. Covestor Ltd raised its stake in Sprout Social by 35,450.0% during the 1st quarter. Covestor Ltd now owns 711 shares of the company's stock worth $42,000 after acquiring an additional 709 shares in the last quarter. Bessemer Group Inc. acquired a new position in Sprout Social in the first quarter valued at $61,000. Finally, nVerses Capital LLC increased its position in shares of Sprout Social by 76.5% during the second quarter. nVerses Capital LLC now owns 3,000 shares of the company's stock worth $107,000 after purchasing an additional 1,300 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently commented on SPT. Scotiabank began coverage on shares of Sprout Social in a research report on Monday. They issued a "sector perform" rating and a $28.00 price target for the company. KeyCorp downgraded shares of Sprout Social from a "sector weight" rating to an "underweight" rating and set a $28.00 target price on the stock. in a report on Thursday, August 22nd. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price target on shares of Sprout Social in a report on Friday, November 8th. Piper Sandler cut their price objective on Sprout Social from $40.00 to $29.00 and set a "neutral" rating for the company in a research report on Monday, November 11th. Finally, Oppenheimer decreased their target price on shares of Sprout Social from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Sprout Social presently has an average rating of "Hold" and an average target price of $45.62.

Insider Activity

In other news, insider Justyn Russell Howard sold 20,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $28.23, for a total transaction of $564,600.00. Following the transaction, the insider now directly owns 7,417 shares in the company, valued at $209,381.91. This represents a 72.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Ryan Paul Barretto sold 13,306 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $29.23, for a total transaction of $388,934.38. Following the completion of the sale, the president now directly owns 470,809 shares in the company, valued at $13,761,747.07. This represents a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,882 shares of company stock valued at $1,801,351 over the last 90 days. Insiders own 10.97% of the company's stock.

Sprout Social Price Performance

NASDAQ:SPT traded up $0.69 during trading hours on Thursday, reaching $30.32. 355,799 shares of the company traded hands, compared to its average volume of 743,302. Sprout Social, Inc. has a 1-year low of $25.05 and a 1-year high of $68.41. The firm's 50-day moving average is $28.30 and its 200-day moving average is $31.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96.

Sprout Social (NASDAQ:SPT - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.06). The company had revenue of $102.64 million for the quarter, compared to analysts' expectations of $102.04 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. On average, sell-side analysts anticipate that Sprout Social, Inc. will post -0.98 EPS for the current fiscal year.

Sprout Social 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.