Insider Selling: Sprout Social, Inc. (NASDAQ:SPT) Director Sells $108,990.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $31.14, for a total transaction of $108,990.00. Following the completion of the transaction, the director now owns 40,665 shares of the company’s stock, valued at approximately $1,266,308.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sprout Social Stock Performance

NASDAQ:SPT opened at $31.71 on Friday. The company has a fifty day moving average of $34.90 and a 200-day moving average of $46.23. The firm has a market capitalization of $1.79 billion, a P/E ratio of -25.37 and a beta of 1.00. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.26. Sprout Social, Inc. has a twelve month low of $25.68 and a twelve month high of $68.41.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $99.40 million during the quarter, compared to analyst estimates of $98.70 million. Sprout Social had a negative net margin of 19.60% and a negative return on equity of 44.38%. Sprout Social’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) EPS. As a group, sell-side analysts anticipate that Sprout Social, Inc. will post -0.84 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lowered shares of Sprout Social from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $80.00 to $44.00 in a report on Friday, May 3rd. William Blair restated a “market perform” rating on shares of Sprout Social in a report on Friday, May 3rd. KeyCorp lowered shares of Sprout Social from an “overweight” rating to a “sector weight” rating in a report on Friday, May 3rd. Piper Sandler lowered shares of Sprout Social from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $66.00 to $40.00 in a report on Friday, May 3rd. Finally, Oppenheimer lowered their price target on shares of Sprout Social from $76.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.54.

Institutional Trading of Sprout Social

Hedge funds have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado grew its position in Sprout Social by 2,935.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 208,164 shares of the company’s stock valued at $12,790,000 after purchasing an additional 201,307 shares during the period. Stifel Financial Corp grew its position in Sprout Social by 77.5% in the 4th quarter. Stifel Financial Corp now owns 95,789 shares of the company’s stock valued at $5,885,000 after purchasing an additional 41,834 shares during the period. Los Angeles Capital Management LLC boosted its holdings in Sprout Social by 67.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 19,031 shares of the company’s stock worth $1,169,000 after acquiring an additional 7,646 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in Sprout Social by 162.5% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 74,357 shares of the company’s stock worth $4,568,000 after acquiring an additional 46,033 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its holdings in Sprout Social by 642.5% during the 1st quarter. Picton Mahoney Asset Management now owns 21,830 shares of the company’s stock worth $1,304,000 after acquiring an additional 18,890 shares during the last quarter.

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.