Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) CEO Ryan Paul Barretto sold 16,800 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $19.90, for a total value of $334,320.00. Following the completion of the sale, the chief executive officer now owns 136,575 shares in the company, valued at approximately $2,717,842.50. This represents a 10.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Sprout Social Price Performance
Shares of SPT stock traded down $0.18 during midday trading on Friday, reaching $19.66. 462,525 shares of the company traded hands, compared to its average volume of 758,346. The firm's 50 day simple moving average is $25.75 and its two-hundred day simple moving average is $28.96. The firm has a market cap of $1.14 billion, a PE ratio of -16.38 and a beta of 1.11. 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, Inc. has a 1-year low of $18.72 and a 1-year high of $56.58.
Sprout Social (NASDAQ:SPT - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $107.09 million for the quarter, compared to analysts' expectations of $106.74 million. On average, equities research analysts expect that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have recently weighed in on SPT shares. Stifel Nicolaus reduced their price objective on shares of Sprout Social from $45.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Canaccord Genuity Group cut their price target on Sprout Social from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Scotiabank reduced their price objective on Sprout Social from $28.00 to $25.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Morgan Stanley cut their target price on shares of 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, Jefferies Financial Group increased their price target on shares of Sprout Social from $34.00 to $42.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $33.85.
View Our Latest Research Report on SPT
Institutional Investors Weigh In On Sprout Social
A number of large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its position in Sprout Social by 1,319.4% during the first quarter. Versant Capital Management Inc now owns 1,462 shares of the company's stock worth $32,000 after buying an additional 1,359 shares in the last quarter. Quarry LP boosted its stake 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. US Bancorp DE increased its position in Sprout Social by 2,392.6% during the 4th quarter. US Bancorp DE now owns 1,695 shares of the company's stock worth $52,000 after purchasing an additional 1,627 shares in the last quarter. KBC Group NV raised its stake in Sprout Social by 77.1% in the 4th quarter. KBC Group NV now owns 2,525 shares of the company's stock valued at $78,000 after purchasing an additional 1,099 shares during the last quarter. Finally, Yarbrough Capital LLC purchased a new position in Sprout Social in the 4th quarter valued at about $206,000.
About Sprout Social
(
Get Free Report)
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.
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