Sprout Social, Inc. (NASDAQ:SPT) Shares Sold by Entropy Technologies LP

Entropy Technologies LP cut its stake in shares of Sprout Social, Inc. (NASDAQ:SPT) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,507 shares of the company’s stock after selling 600 shares during the quarter. Entropy Technologies LP’s holdings in Sprout Social were worth $261,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Quarry LP increased its position in shares of Sprout Social by 100.9% in the third quarter. Quarry LP now owns 1,573 shares of the company’s stock valued at $46,000 after buying an additional 790 shares in the last quarter. KBC Group NV lifted its stake in shares of Sprout Social by 77.1% in the 4th quarter. KBC Group NV now owns 2,525 shares of the company’s stock valued at $78,000 after purchasing an additional 1,099 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Sprout Social by 27.5% in the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock valued at $108,000 after purchasing an additional 801 shares in the last quarter. Yarbrough Capital LLC purchased a new stake in shares of Sprout Social during the 4th quarter valued at about $206,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Sprout Social during the 3rd quarter valued at about $376,000.

Insider Activity at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $32.59, for a total transaction of $1,303,600.00. Following the completion of the sale, the insider now owns 7,417 shares in the company, valued at approximately $241,720.03. This represents a 84.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Paul Barretto sold 13,465 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $31.45, for a total value of $423,474.25. Following the sale, the chief executive officer now owns 546,343 shares of the company’s stock, valued at approximately $17,182,487.35. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,265 shares of company stock valued at $3,837,006. Company insiders own 10.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SPT shares. Scotiabank assumed coverage on Sprout Social in a report on Monday, November 18th. They set a “sector perform” rating and a $28.00 price objective on the stock. Morgan Stanley boosted their price objective on Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Sprout Social in a research report on Wednesday, January 15th. Jefferies Financial Group boosted their price objective on Sprout Social from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Oppenheimer reduced their price objective on Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.58.

Sprout Social Stock Down 6.2 %

Shares of Sprout Social stock opened at $31.42 on Friday. The stock’s fifty day moving average is $32.59 and its 200-day moving average is $30.87. The firm has a market capitalization of $1.80 billion, a PE ratio of -26.18 and a beta of 1.06. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Sprout Social, Inc. has a 12-month low of $25.05 and a 12-month high of $67.33.

Sprout Social Company 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.