XTX Topco Ltd Acquires New Holdings in Sprout Social, Inc. (NASDAQ:SPT)

XTX Topco Ltd acquired a new position in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,911 shares of the company's stock, valued at approximately $521,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPT. Quarry LP increased its stake in shares of Sprout Social by 2,346.9% during the 2nd quarter. Quarry LP now owns 783 shares of the company's stock valued at $28,000 after acquiring an additional 751 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of Sprout Social by 76.5% in the 2nd quarter. nVerses Capital LLC now owns 3,000 shares of the company's stock valued at $107,000 after purchasing an additional 1,300 shares during the last quarter. Assetmark Inc. grew its stake in shares of Sprout Social by 27.5% during the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company's stock valued at $108,000 after buying an additional 801 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Sprout Social during the 2nd quarter valued at $218,000. Finally, Entropy Technologies LP acquired a new stake in shares of Sprout Social during the 3rd quarter worth $265,000.

Sprout Social Stock Performance

Shares of NASDAQ SPT traded down $1.10 during midday trading on Friday, hitting $33.93. The company's stock had a trading volume of 630,081 shares, compared to its average volume of 729,916. 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 1-year low of $25.05 and a 1-year high of $68.41. The firm's fifty day moving average price is $29.65 and its 200-day moving average price is $31.62. The firm has a market cap of $1.95 billion, a P/E ratio of -28.28 and a beta of 1.03.

Sprout Social (NASDAQ:SPT - Get Free Report) last posted its 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). The company had revenue of $102.64 million for the quarter, compared to the consensus estimate of $102.04 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. On average, sell-side analysts forecast that Sprout Social, Inc. will post -0.98 EPS for the current fiscal year.

Insider Activity

In other news, insider Justyn Russell Howard sold 20,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $28.23, for a total value of $564,600.00. Following the completion of the transaction, the insider now directly owns 7,417 shares in the company, valued at $209,381.91. This trade represents a 72.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Preto Joseph Del sold 1,500 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $28.27, for a total transaction of $42,405.00. Following the completion of the sale, the chief financial officer now owns 158,614 shares in the company, valued at approximately $4,484,017.78. This trade represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,765 shares of company stock valued at $1,505,079. 10.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Scotiabank assumed coverage on Sprout Social in a research report on Monday, November 18th. They set a "sector perform" rating and a $28.00 price target for the company. Needham & Company LLC reissued a "buy" rating and issued a $55.00 target price on shares of Sprout Social in a research note on Friday, November 8th. Oppenheimer reduced their target price 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 decreased their target price on Sprout Social from $48.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. Finally, Piper Sandler dropped their target price on Sprout Social from $40.00 to $29.00 and set a "neutral" rating on the stock in a report on Monday, November 11th. One 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, the company currently has a consensus rating of "Hold" and a consensus price target of $45.46.

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.