Ryan Paul Barretto Sells 16,800 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) CEO Ryan Paul Barretto sold 16,800 shares of the business's 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ryan Paul Barretto also recently made the following trade(s):

• On Tuesday, December 3rd, Ryan Paul Barretto sold 13,465 shares of Sprout Social stock. The shares were sold at an average price of $31.45, for a total transaction of $423,474.25.
• On Monday, October 7th, Ryan Paul Barretto sold 16,800 shares of Sprout Social stock. The stock was sold at an average price of $28.25, for a total transaction of $474,600.00.

Sprout Social Stock Performance

Sprout Social stock traded down $0.41 during mid-day trading on Tuesday, reaching $30.71. The company's stock had a trading volume of 423,045 shares, compared to its average volume of 722,382. The firm's fifty day moving average price is $30.65 and its two-hundred day moving average price is $31.50. 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, Inc. has a 12-month low of $25.05 and a 12-month high of $68.41. The company has a market capitalization of $1.76 billion, a P/E ratio of -25.59 and a beta of 1.03.

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

Institutional Investors Weigh In On Sprout Social

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP grew its stake in Sprout Social by 16.0% during the third quarter. Wellington Management Group LLP now owns 3,762,443 shares of the company's stock valued at $109,374,000 after acquiring an additional 519,406 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Sprout Social by 3.9% during the 2nd quarter. Clearbridge Investments LLC now owns 2,694,797 shares of the company's stock valued at $96,150,000 after purchasing an additional 100,890 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Sprout Social by 1.0% in the third quarter. Jennison Associates LLC now owns 2,164,256 shares of the company's stock worth $62,915,000 after purchasing an additional 21,186 shares during the period. Dorsey Asset Management LLC purchased a new stake in shares of Sprout Social in the second quarter worth $61,583,000. Finally, State Street Corp boosted its stake in Sprout Social by 0.5% during the third quarter. State Street Corp now owns 1,227,099 shares of the company's stock valued at $35,672,000 after buying an additional 5,557 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SPT. Oppenheimer dropped their price objective on shares of Sprout Social from $40.00 to $38.00 and set an "outperform" rating on the stock in a report on Tuesday, December 3rd. Barclays dropped their price target on Sprout Social from $48.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Piper Sandler reduced their price objective on Sprout Social from $40.00 to $29.00 and set a "neutral" rating for the company in a research note on Monday, November 11th. Scotiabank began coverage on Sprout Social in a research report on Monday, November 18th. They set a "sector perform" rating and a $28.00 target price on the stock. Finally, Needham & Company LLC reissued a "buy" rating and issued a $55.00 price target on shares of Sprout Social in a research report on Friday, November 8th. One equities 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $45.46.

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.