Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker Sells 5,000 Shares

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 5,000 shares of Sprout Social stock in a transaction on Monday, April 14th. The stock was sold at an average price of $19.42, for a total transaction of $97,100.00. Following the transaction, the director now directly owns 25,665 shares in the company, valued at $498,414.30. This represents a 16.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sprout Social Trading Down 0.8 %

SPT stock opened at $19.23 on Wednesday. Sprout Social, Inc. has a 12 month low of $18.72 and a 12 month high of $54.40. The firm’s 50-day moving average is $25.20 and its 200 day moving average is $28.83. The company has a market capitalization of $1.11 billion, a PE ratio of -16.02 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). The business had revenue of $107.09 million during the quarter, compared to analysts’ expectations of $106.74 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. On average, research analysts anticipate that Sprout Social, Inc. will post -0.99 EPS for the current year.

Institutional Investors Weigh In On Sprout Social

A number of institutional investors and hedge funds have recently modified their holdings of SPT. Harbor Capital Advisors Inc. increased its holdings in shares of Sprout Social by 31.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 12,499 shares of the company’s stock valued at $275,000 after purchasing an additional 2,955 shares in the last quarter. Rhumbline Advisers grew its position in Sprout Social by 9.6% during the first quarter. Rhumbline Advisers now owns 76,976 shares of the company’s stock valued at $1,693,000 after buying an additional 6,774 shares during the period. GAMMA Investing LLC increased its holdings in Sprout Social by 19,500.0% in the first quarter. GAMMA Investing LLC now owns 9,016 shares of the company’s stock valued at $198,000 after buying an additional 8,970 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Sprout Social by 1,319.4% in the first quarter. Versant Capital Management Inc now owns 1,462 shares of the company’s stock worth $32,000 after acquiring an additional 1,359 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Sprout Social during the 4th quarter worth about $4,296,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Jefferies Financial Group upped their price objective on Sprout Social from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on shares of Sprout Social from $34.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Canaccord Genuity Group dropped their target price on shares of Sprout Social from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley lowered their price target on shares of Sprout Social from $37.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Finally, Barclays reduced their price objective on Sprout Social from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.85.

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.