Justyn Russell Howard Sells 20,000 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $28.23, for a total value of $564,600.00. Following the sale, the insider now directly owns 7,417 shares in the company, valued at approximately $209,381.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, September 3rd, Justyn Russell Howard sold 8,595 shares of Sprout Social stock. The stock was sold at an average price of $29.27, for a total value of $251,575.65.
• On Tuesday, August 6th, Justyn Russell Howard sold 20,000 shares of Sprout Social stock. The stock was sold at an average price of $30.68, for a total value of $613,600.00.

Sprout Social Stock Up 1.9 %

NASDAQ SPT opened at $28.40 on Thursday. The stock has a market cap of $1.62 billion, a PE ratio of -22.72 and a beta of 0.97. The firm has a 50-day simple moving average of $30.07 and a 200 day simple moving average of $36.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. Sprout Social, Inc. has a twelve month low of $25.05 and a twelve month high of $68.41.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Sprout Social had a negative net margin of 19.60% and a negative return on equity of 44.38%. The firm had revenue of $99.40 million for the quarter, compared to analysts’ expectations of $98.70 million. During the same period last year, the firm earned ($0.23) earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, research analysts forecast that Sprout Social, Inc. will post -0.9 EPS for the current year.

Institutional Investors Weigh In On Sprout Social

Several institutional investors have recently added to or reduced their stakes in SPT. Diversified Trust Co increased its stake in Sprout Social by 3.8% in the 3rd quarter. Diversified Trust Co now owns 15,770 shares of the company’s stock valued at $458,000 after buying an additional 571 shares during the last quarter. SG Americas Securities LLC acquired a new position in Sprout Social in the 3rd quarter valued at about $576,000. Clearbridge Investments LLC boosted its holdings in Sprout Social by 3.9% in the 2nd quarter. Clearbridge Investments LLC now owns 2,694,797 shares of the company’s stock valued at $96,150,000 after purchasing an additional 100,890 shares during the period. Truist Financial Corp boosted its holdings in Sprout Social by 6.1% in the 2nd quarter. Truist Financial Corp now owns 11,260 shares of the company’s stock valued at $402,000 after purchasing an additional 646 shares during the period. Finally, Quarry LP lifted its holdings in shares of Sprout Social by 2,346.9% during the 2nd quarter. Quarry LP now owns 783 shares of the company’s stock worth $28,000 after acquiring an additional 751 shares during the period.

Analyst Ratings Changes

A number of equities analysts have commented on SPT shares. Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of Sprout Social in a research note on Friday, August 2nd. Barclays cut their target price on Sprout Social from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. Cantor Fitzgerald restated an “overweight” rating and issued a $46.00 target price on shares of Sprout Social in a research report on Friday, August 2nd. KeyCorp downgraded Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 target price for the company. in a research report on Thursday, August 22nd. Finally, Robert W. Baird increased their price objective on Sprout Social from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.31.

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.