Sprout Social, Inc. (NASDAQ:SPT) Director Sells $171,200.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $34.24, for a total value of $171,200.00. Following the sale, the director now owns 35,665 shares in the company, valued at $1,221,169.60. This trade represents a 12.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sprout Social Stock Performance

Shares of Sprout Social stock opened at $33.06 on Thursday. The business’s 50 day moving average price is $30.04 and its 200 day moving average price is $31.65. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -27.55 and a beta of 1.03. 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 one year low of $25.05 and a one year high of $68.41.

Sprout Social (NASDAQ:SPT) last posted its quarterly 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). Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The company had revenue of $102.64 million for the quarter, compared to analysts’ expectations of $102.04 million. On average, research analysts predict that Sprout Social, Inc. will post -0.98 EPS for the current year.

Institutional Trading of Sprout Social

Several hedge funds have recently made changes to their positions in the company. Quarry LP lifted its holdings in Sprout Social by 2,346.9% in the second 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 lifted its stake 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 holdings in shares of Sprout Social by 27.5% during the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock worth $108,000 after purchasing an additional 801 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Sprout Social during the 2nd quarter worth about $218,000. Finally, Entropy Technologies LP purchased a new stake in Sprout Social in the 3rd quarter valued at about $265,000.

Analyst Upgrades and Downgrades

SPT has been the topic of several research analyst reports. Oppenheimer dropped their price objective on Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, December 3rd. KeyCorp cut shares of Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 price objective for the company. in a research report on Thursday, August 22nd. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Sprout Social in a research report on Friday, November 8th. Barclays dropped their target price on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, Piper Sandler decreased their price target on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. One investment 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’s stock. According to data from MarketBeat, Sprout Social presently has an average rating of “Hold” and a consensus target price of $45.46.

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.