Teachers Retirement System of The State of Kentucky Sells 20,314 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Teachers Retirement System of The State of Kentucky cut its position in Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,890 shares of the company's stock after selling 20,314 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.14% of Sprout Social worth $2,392,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE increased its holdings in Sprout Social by 2,392.6% in the fourth quarter. US Bancorp DE now owns 1,695 shares of the company's stock valued at $52,000 after purchasing an additional 1,627 shares during the period. KBC Group NV increased its stake in shares of Sprout Social by 77.1% in the fourth quarter. KBC Group NV now owns 2,525 shares of the company's stock valued at $78,000 after buying an additional 1,099 shares during the period. Yarbrough Capital LLC acquired a new stake in shares of Sprout Social in the fourth quarter valued at about $206,000. PNC Financial Services Group Inc. raised its position in shares of Sprout Social by 41.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,620 shares of the company's stock worth $265,000 after acquiring an additional 2,533 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Sprout Social in the fourth quarter worth approximately $338,000.

Insiders Place Their Bets

In other news, Director Karen Walker sold 5,000 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $19.42, for a total transaction of $97,100.00. Following the completion of the sale, the director now directly owns 25,665 shares of the company's stock, valued at $498,414.30. This trade represents a 16.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $32.59, for a total value of $1,303,600.00. Following the sale, the insider now owns 7,417 shares in the company, valued at $241,720.03. The trade was a 84.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,446 shares of company stock valued at $3,115,839 in the last three months. 10.12% of the stock is currently owned by insiders.

Sprout Social Stock Up 2.2 %

Shares of SPT traded up $0.46 on Friday, reaching $21.45. The company's stock had a trading volume of 418,237 shares, compared to its average volume of 753,672. Sprout Social, Inc. has a twelve month low of $18.52 and a twelve month high of $52.49. The stock has a market capitalization of $1.24 billion, a PE ratio of -17.87 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $23.27 and a 200-day moving average of $28.34.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on SPT. Stifel Nicolaus lowered their price target on shares of Sprout Social from $45.00 to $34.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Jefferies Financial Group boosted their target price on shares of Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on Sprout Social from $29.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Canaccord Genuity Group dropped their price objective on Sprout Social from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Morgan Stanley decreased their target price on Sprout Social from $30.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. 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 data from MarketBeat.com, Sprout Social presently has an average rating of "Hold" and an average price target of $32.15.

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.