Natixis Advisors LLC Buys Shares of 14,660 Sprout Social, Inc. (NASDAQ:SPT)

Natixis Advisors LLC purchased a new stake in Sprout Social, Inc. (NASDAQ:SPT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,660 shares of the company's stock, valued at approximately $450,000.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in Sprout Social in the 3rd quarter valued at approximately $448,000. Charles Schwab Investment Management Inc. lifted its position in shares of Sprout Social by 2.0% in 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 boosted its holdings in Sprout Social by 21.4% during the third quarter. FMR LLC now owns 48,599 shares of the company's stock worth $1,413,000 after purchasing an additional 8,553 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sprout Social by 12.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,002 shares of the company's stock valued at $407,000 after purchasing an additional 1,539 shares in the last quarter. Finally, Edgestream Partners L.P. increased its stake in Sprout Social by 362.8% in the 3rd quarter. Edgestream Partners L.P. now owns 125,742 shares of the company's stock valued at $3,655,000 after buying an additional 98,574 shares during the last quarter.

Insider Buying and Selling

In other news, Director Karen Walker sold 5,000 shares of the firm'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 transaction of $151,300.00. Following the transaction, the director now directly owns 30,665 shares of the company's stock, valued at approximately $927,922.90. This trade represents a 14.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Paul Barretto sold 16,800 shares of Sprout Social stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $30.99, for a total transaction of $520,632.00. Following the completion of the sale, the chief executive officer now owns 153,375 shares of the company's stock, valued at approximately $4,753,091.25. The trade was a 9.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,446 shares of company stock valued at $3,823,551. Insiders own 10.97% of the company's stock.

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Sprout Social Stock Performance

Shares of NASDAQ SPT traded down $0.99 during mid-day trading on Friday, reaching $22.52. 834,873 shares of the company were exchanged, compared to its average volume of 732,102. The stock has a market capitalization of $1.30 billion, a P/E ratio of -18.77 and a beta of 1.11. 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's 50-day simple moving average is $28.78 and its 200-day simple moving average is $29.59. Sprout Social, Inc. has a twelve month low of $22.12 and a twelve month high of $59.85.

Sprout Social (NASDAQ:SPT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The company had revenue of $107.09 million for the quarter, compared to analyst estimates of $106.74 million. As a group, research analysts predict that Sprout Social, Inc. will post -0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPT. Oppenheimer reduced their price objective on shares of Sprout Social from $40.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, December 3rd. Needham & Company LLC decreased their price target on Sprout Social from $55.00 to $32.00 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 Sprout Social from $34.00 to $29.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. 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 report on Thursday, February 27th. Finally, Canaccord Genuity Group lowered their target price on shares of Sprout Social from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company 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.