Sprout Social, Inc. (NASDAQ:SPT) CEO Sells $334,320.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto sold 16,800 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $19.90, for a total value of $334,320.00. Following the transaction, the chief executive officer now owns 136,575 shares of the company’s stock, valued at approximately $2,717,842.50. This represents a 10.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sprout Social Stock Performance

Shares of NASDAQ:SPT traded down $0.28 during trading on Monday, reaching $19.94. The company had a trading volume of 1,267,676 shares, compared to its average volume of 746,710. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s fifty day moving average price is $27.62 and its 200 day moving average price is $29.39. Sprout Social, Inc. has a fifty-two week low of $18.85 and a fifty-two week high of $59.04. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -16.62 and a beta of 1.11.

Sprout Social (NASDAQ:SPT) last released its earnings results on Tuesday, February 25th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The firm had revenue of $107.09 million during the quarter, compared to analyst estimates of $106.74 million. As a group, equities research analysts predict that Sprout Social, Inc. will post -0.99 EPS for the current year.

Hedge Funds Weigh In On Sprout Social

Large investors have recently modified their holdings of the business. ArrowMark Colorado Holdings LLC raised its position in Sprout Social by 380.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,772,219 shares of the company’s stock worth $54,425,000 after acquiring an additional 1,403,549 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Sprout Social by 16.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,762,443 shares of the company’s stock valued at $109,374,000 after purchasing an additional 519,406 shares in the last quarter. Norges Bank acquired a new stake in shares of Sprout Social in the fourth quarter valued at about $13,422,000. Dorsey Asset Management LLC grew its position in Sprout Social by 16.7% during the fourth quarter. Dorsey Asset Management LLC now owns 2,306,149 shares of the company’s stock worth $70,822,000 after buying an additional 330,155 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Sprout Social by 324.0% in the third quarter. JPMorgan Chase & Co. now owns 402,947 shares of the company’s stock valued at $11,714,000 after buying an additional 307,906 shares in the last quarter.

Wall Street Analysts Forecast Growth

SPT has been the subject of a number of research analyst reports. Needham & Company LLC lowered their target price on Sprout Social from $55.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Stifel Nicolaus reduced their target price on shares of Sprout Social from $45.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on shares of Sprout Social from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Morgan Stanley reduced their price objective on Sprout Social from $37.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Finally, Scotiabank cut their price target 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. One 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.