Knights of Columbus Asset Advisors LLC Buys 46,033 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Knights of Columbus Asset Advisors LLC lifted its stake in shares of Sprout Social, Inc. (NASDAQ:SPT) by 162.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 74,357 shares of the company’s stock after acquiring an additional 46,033 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Sprout Social were worth $4,568,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SPT. Advisors Asset Management Inc. grew its stake in Sprout Social by 21.2% during the third quarter. Advisors Asset Management Inc. now owns 1,087 shares of the company’s stock worth $54,000 after purchasing an additional 190 shares during the period. The Manufacturers Life Insurance Company grew its stake in Sprout Social by 1.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 18,585 shares of the company’s stock worth $1,049,000 after purchasing an additional 192 shares during the period. Atria Wealth Solutions Inc. grew its stake in Sprout Social by 4.7% during the third quarter. Atria Wealth Solutions Inc. now owns 4,654 shares of the company’s stock worth $232,000 after purchasing an additional 208 shares during the period. Arcadia Investment Management Corp MI grew its stake in Sprout Social by 40.3% during the third quarter. Arcadia Investment Management Corp MI now owns 766 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Sprout Social by 0.4% during the fourth quarter. Alliancebernstein L.P. now owns 56,171 shares of the company’s stock worth $3,171,000 after purchasing an additional 239 shares during the period.

Insider Activity

In other news, President Ryan Paul Barretto sold 5,600 shares of Sprout Social stock in a transaction on Monday, February 5th. The stock was sold at an average price of $59.63, for a total value of $333,928.00. Following the completion of the transaction, the president now directly owns 209,375 shares in the company, valued at $12,485,031.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Preto Joseph Del sold 1,500 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $59.71, for a total transaction of $89,565.00. Following the completion of the transaction, the chief financial officer now directly owns 127,322 shares in the company, valued at $7,602,396.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Ryan Paul Barretto sold 5,600 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $59.63, for a total value of $333,928.00. Following the transaction, the president now owns 209,375 shares of the company’s stock, valued at $12,485,031.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,200 shares of company stock worth $8,171,958. 11.93% of the stock is owned by corporate insiders.

Sprout Social Price Performance

Shares of NASDAQ SPT opened at $50.98 on Friday. Sprout Social, Inc. has a fifty-two week low of $37.00 and a fifty-two week high of $68.41. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average of $59.04 and a 200-day moving average of $56.75.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The company had revenue of $93.58 million during the quarter, compared to analysts’ expectations of $90.76 million. Sprout Social had a negative net margin of 19.91% and a negative return on equity of 41.25%. Sell-side analysts forecast that Sprout Social, Inc. will post -1.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. KeyCorp assumed coverage on Sprout Social in a research note on Thursday, March 21st. They issued an “overweight” rating and a $83.00 price objective for the company. Oppenheimer assumed coverage on Sprout Social in a research note on Thursday. They issued an “outperform” rating and a $76.00 price objective for the company. Canaccord Genuity Group reissued a “buy” rating and issued a $70.00 price objective on shares of Sprout Social in a research note on Wednesday, February 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $74.00 price objective on shares of Sprout Social in a research note on Wednesday, February 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $75.00 target price on shares of Sprout Social in a report on Tuesday. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Sprout Social currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.57.

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.