Trexquant Investment LP Has $1.50 Million Stake in Sprout Social, Inc. (NASDAQ:SPT)

Trexquant Investment LP boosted its holdings in Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 67.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,804 shares of the company's stock after acquiring an additional 19,713 shares during the period. Trexquant Investment LP owned 0.09% of Sprout Social worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Quarry LP increased 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 worth $46,000 after purchasing an additional 790 shares during the period. US Bancorp DE grew its holdings in Sprout Social by 2,392.6% in the 4th quarter. US Bancorp DE now owns 1,695 shares of the company's stock valued at $52,000 after buying an additional 1,627 shares in the last quarter. KBC Group NV increased its position in 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 during the period. Yarbrough Capital LLC acquired a new stake in shares of Sprout Social during the fourth quarter worth $206,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Sprout Social by 41.6% in the fourth 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 during the period.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SPT shares. Piper Sandler dropped their price objective on shares of Sprout Social from $29.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Jefferies Financial Group boosted their price target on Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Needham & Company LLC lowered their price objective on Sprout Social from $55.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Canaccord Genuity Group cut their target price on Sprout Social from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus decreased their price target on Sprout Social from $45.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. One 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $33.85.

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Insider Buying and Selling at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of the business's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $19.99, for a total value of $799,600.00. Following the transaction, the insider now directly owns 7,417 shares of the company's stock, valued at $148,265.83. The trade was a 84.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Aaron Edward Frederick Rankin sold 23,646 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $24.58, for a total value of $581,218.68. Following the sale, the director now directly owns 42,122 shares of the company's stock, valued at $1,035,358.76. This represents a 35.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 160,446 shares of company stock valued at $4,285,539. 10.97% of the stock is currently owned by company insiders.

Sprout Social Price Performance

SPT stock traded down $0.37 during midday trading on Monday, reaching $19.29. 210,013 shares of the stock were exchanged, compared to its average volume of 757,129. The company has a fifty day moving average price of $25.75 and a 200 day moving average price of $28.96. 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 52 week low of $18.72 and a 52 week high of $56.58. The stock has a market capitalization of $1.11 billion, a PE ratio of -16.07 and a beta of 1.11.

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

Sprout Social 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.