Vanguard Group Inc. Purchases 141,141 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Vanguard Group Inc. grew its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,886,167 shares of the company's stock after acquiring an additional 141,141 shares during the period. Vanguard Group Inc. owned 10.25% of Sprout Social worth $180,764,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Quarry LP boosted its position in shares of Sprout Social by 100.9% during the 3rd quarter. Quarry LP now owns 1,573 shares of the company's stock valued at $46,000 after purchasing an additional 790 shares in the last quarter. US Bancorp DE boosted its holdings in shares of 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 buying an additional 1,627 shares in the last quarter. KBC Group NV boosted its holdings in shares of Sprout Social by 77.1% during the 4th quarter. KBC Group NV now owns 2,525 shares of the company's stock worth $78,000 after buying an additional 1,099 shares in the last quarter. Yarbrough Capital LLC acquired a new stake in shares of Sprout Social during the 4th quarter worth approximately $206,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Sprout Social by 41.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,620 shares of the company's stock valued at $265,000 after acquiring an additional 2,533 shares in the last quarter.

Insiders Place Their Bets

In related news, Director Karen Walker sold 5,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $30.26, for a total transaction of $151,300.00. Following the completion of the transaction, the director now owns 30,665 shares in the company, valued at approximately $927,922.90. This represents a 14.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Justyn Russell Howard sold 40,000 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $32.59, for a total transaction of $1,303,600.00. Following the sale, the insider now owns 7,417 shares of the company's stock, valued at $241,720.03. This trade represents a 84.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,446 shares of company stock valued at $4,436,839 in the last 90 days. 10.97% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Canaccord Genuity Group cut their target price on shares of Sprout Social from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley reduced their target price on Sprout Social from $37.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Barclays decreased their target price on Sprout Social from $38.00 to $34.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Needham & Company LLC cut their price target on Sprout Social from $55.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, Scotiabank decreased 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $33.85.

Sprout Social Stock Down 0.9 %

NASDAQ SPT traded down $0.18 on Friday, reaching $19.66. The company had a trading volume of 462,525 shares, compared to its average volume of 758,346. 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 fifty day moving average is $25.75 and its 200 day moving average is $28.96. Sprout Social, Inc. has a 52-week low of $18.72 and a 52-week high of $56.58. The stock has a market capitalization of $1.14 billion, a P/E ratio of -16.38 and a beta of 1.11.

Sprout Social (NASDAQ:SPT - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The firm had revenue of $107.09 million during the quarter, compared to analysts' expectations of $106.74 million. Sell-side analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

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.