Sprout Social, Inc. (NASDAQ:SPT) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in shares of Sprout Social, Inc. (NASDAQ:SPT) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 202,758 shares of the company’s stock after selling 2,727 shares during the period. Segall Bryant & Hamill LLC’s holdings in Sprout Social were worth $6,227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Sprout Social by 16.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,762,443 shares of the company’s stock worth $109,374,000 after buying an additional 519,406 shares in the last quarter. ArrowMark Colorado Holdings LLC acquired a new stake in shares of Sprout Social in the third quarter worth approximately $10,717,000. JPMorgan Chase & Co. increased its position in shares of Sprout Social by 324.0% during the third quarter. JPMorgan Chase & Co. now owns 402,947 shares of the company’s stock worth $11,714,000 after purchasing an additional 307,906 shares in the last quarter. Principal Financial Group Inc. raised its stake in Sprout Social by 20.0% in the 3rd quarter. Principal Financial Group Inc. now owns 1,199,451 shares of the company’s stock valued at $34,868,000 after purchasing an additional 200,190 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Sprout Social by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 5,886,167 shares of the company’s stock valued at $180,764,000 after purchasing an additional 141,141 shares in the last quarter.

Wall Street Analysts Forecast Growth

SPT has been the subject of a number of research reports. Barclays dropped their target price on shares of Sprout Social from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Oppenheimer cut their price objective on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, December 3rd. Scotiabank lowered their target price on Sprout Social from $28.00 to $25.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Canaccord Genuity Group cut their price target on Sprout Social from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Jefferies Financial Group boosted their price objective on Sprout Social from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $33.85.

Sprout Social Stock Down 3.7 %

Shares of NASDAQ:SPT opened at $24.40 on Thursday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -20.33 and a beta of 1.11. Sprout Social, Inc. has a 12-month low of $22.95 and a 12-month high of $62.34. The business has a 50-day moving average price of $29.16 and a 200 day moving average price of $29.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.

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 analysts’ consensus estimates of $0.15 by ($0.35). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The company had revenue of $107.09 million for the quarter, compared to analyst estimates of $106.74 million. Sell-side analysts expect that Sprout Social, Inc. will post -0.99 EPS for the current year.

Insider Buying and Selling at Sprout Social

In other news, Director Aaron Edward Frederick Rankin sold 23,646 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $24.58, for a total value of $581,218.68. Following the completion of the transaction, the director now owns 42,122 shares of the company’s stock, valued at approximately $1,035,358.76. This trade represents a 35.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Paul Barretto sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $30.99, for a total transaction of $520,632.00. Following the sale, the chief executive officer now directly owns 153,375 shares in the company, valued at approximately $4,753,091.25. The trade was a 9.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,446 shares of company stock valued at $3,823,551 over the last quarter. 10.97% of the stock is owned by company insiders.

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.