Sprout Social, Inc. (NASDAQ:SPT) Director Sells $151,300.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) Director Karen Walker sold 5,000 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was 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 in the company, valued at $927,922.90. This trade represents a 14.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Karen Walker also recently made the following trade(s):

• On Friday, December 13th, Karen Walker sold 5,000 shares of Sprout Social stock. The shares were sold at an average price of $34.24, for a total transaction of $171,200.00.

Sprout Social Stock Performance

NASDAQ:SPT traded up $0.34 during mid-day trading on Tuesday, reaching $30.72. The stock had a trading volume of 263,435 shares, compared to its average volume of 434,329. Sprout Social, Inc. has a twelve month low of $25.05 and a twelve month high of $68.41. The business has a 50 day simple moving average of $31.47 and a 200 day simple moving average of $31.35. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -25.60 and a beta of 1.03. 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 posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.06). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The business had revenue of $102.64 million during the quarter, compared to analyst estimates of $102.04 million. On average, analysts expect that Sprout Social, Inc. will post -0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sprout Social

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP grew its position in shares of 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 purchasing an additional 751 shares during the last quarter. Assetmark Inc. increased its position in Sprout Social by 27.5% during the third quarter. Assetmark Inc. now owns 3,717 shares of the company's stock worth $108,000 after buying an additional 801 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Sprout Social during the second quarter worth $218,000. Entropy Technologies LP acquired a new position in shares of Sprout Social in the third quarter worth $265,000. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in Sprout Social during the 2nd quarter worth about $368,000.

Wall Street Analysts Forecast Growth

SPT has been the subject of a number of research reports. Oppenheimer reduced their price target on shares of Sprout Social from $40.00 to $38.00 and set an "outperform" rating for the company in a research report on Tuesday, December 3rd. Piper Sandler dropped their price target on Sprout Social from $40.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, November 11th. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price objective on shares of Sprout Social in a report on Friday, November 8th. Scotiabank began coverage on shares of Sprout Social in a report on Monday, November 18th. They issued a "sector perform" rating and a $28.00 target price on the stock. Finally, Barclays decreased their price target on shares of Sprout Social from $48.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Sprout Social has a consensus rating of "Hold" and an average price target of $44.54.

About Sprout Social

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.