Justyn Russell Howard Sells 40,000 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Russell Howard sold 40,000 shares of the business’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 transaction, the insider now owns 7,417 shares in the company, valued at approximately $241,720.03. The trade was a 84.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Justyn Russell Howard also recently made the following trade(s):

• On Wednesday, January 15th, Justyn Russell Howard sold 40,000 shares of Sprout Social stock. The stock was sold at an average price of $31.67, for a total value of $1,266,800.00.

Sprout Social Stock Down 3.1 %

Shares of Sprout Social stock opened at $31.58 on Friday. The firm’s 50-day moving average price is $32.50 and its two-hundred day moving average price is $31.02. 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 1-year low of $25.05 and a 1-year high of $68.41.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $102.64 million for the quarter, compared to the consensus estimate of $102.04 million. On average, sell-side analysts expect that Sprout Social, Inc. will post -0.99 EPS for the current year.

Hedge Funds Weigh In On Sprout Social

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP raised its holdings 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 during the last quarter. US Bancorp DE increased its position in Sprout Social by 2,392.6% in the 4th quarter. US Bancorp DE now owns 1,695 shares of the company’s stock valued at $52,000 after acquiring an additional 1,627 shares in the last quarter. KBC Group NV raised its stake in shares of Sprout Social by 77.1% in the fourth quarter. KBC Group NV now owns 2,525 shares of the company’s stock worth $78,000 after acquiring an additional 1,099 shares during the last quarter. Assetmark Inc. lifted its position in shares of Sprout Social by 27.5% during the third quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock worth $108,000 after purchasing an additional 801 shares in the last quarter. Finally, Yarbrough Capital LLC acquired a new position in shares of Sprout Social during the fourth quarter worth approximately $206,000.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Jefferies Financial Group upped their price target on Sprout Social from $34.00 to $42.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Morgan Stanley upped their target price on Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Scotiabank began coverage on shares of Sprout Social in a research note on Monday, November 18th. They set a “sector perform” rating and a $28.00 price target on the stock. Barclays dropped their price objective on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Oppenheimer decreased their target price on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Sprout Social has an average rating of “Hold” and an average target price of $39.58.

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.