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 business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $19.90, for a total value of $334,320.00. Following the completion of the transaction, the chief executive officer now directly owns 136,575 shares in the company, valued at $2,717,842.50. This represents a 10.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sprout Social Stock Performance

Shares of Sprout Social stock opened at $19.94 on Tuesday. The company has a market cap of $1.15 billion, a PE ratio of -16.62 and a beta of 1.11. 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 52 week low of $18.72 and a 52 week high of $59.04. The business has a 50 day moving average price of $27.35 and a 200-day moving average price of $29.33.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings data 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 company had revenue of $107.09 million for the quarter, compared to the consensus estimate of $106.74 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. Equities analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on SPT shares. Barclays dropped their price target on Sprout Social from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Scotiabank cut their target price on shares of Sprout Social from $28.00 to $25.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Morgan Stanley decreased their price target on shares of Sprout Social from $37.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Stifel Nicolaus cut their price objective on shares of Sprout Social from $45.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, Piper Sandler decreased their target price on Sprout Social from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Sprout Social by 19,500.0% during the first quarter. GAMMA Investing LLC now owns 9,016 shares of the company’s stock worth $198,000 after acquiring an additional 8,970 shares during the period. Versant Capital Management Inc raised its stake in shares of Sprout Social by 1,319.4% during the 1st quarter. Versant Capital Management Inc now owns 1,462 shares of the company’s stock worth $32,000 after purchasing an additional 1,359 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Sprout Social in the 4th quarter worth about $4,296,000. Woodline Partners LP bought a new position in Sprout Social during the fourth quarter valued at about $233,000. Finally, Two Sigma Advisers LP increased its holdings in Sprout Social by 96.4% during the fourth quarter. Two Sigma Advisers LP now owns 110,600 shares of the company’s stock worth $3,397,000 after buying an additional 54,300 shares during the last quarter.

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.