Ryan Paul Barretto Sells 13,465 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto sold 13,465 shares of Sprout Social stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $31.45, for a total transaction of $423,474.25. Following the completion of the transaction, the chief executive officer now directly owns 546,343 shares of the company’s stock, valued at $17,182,487.35. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ryan Paul Barretto also recently made the following trade(s):

• On Monday, October 7th, Ryan Paul Barretto sold 16,800 shares of Sprout Social stock. The stock was sold at an average price of $28.25, for a total transaction of $474,600.00.

Sprout Social Price Performance

Sprout Social stock opened at $32.03 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. Sprout Social, Inc. has a 52 week low of $25.05 and a 52 week high of $68.41. The firm has a market cap of $1.84 billion, a P/E ratio of -26.69 and a beta of 1.03. The business’s fifty day moving average is $29.00 and its two-hundred day moving average is $31.54.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The company had revenue of $102.64 million during the quarter, compared to the consensus estimate of $102.04 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. Equities research analysts forecast that Sprout Social, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SPT has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of Sprout Social in a report on Friday, November 8th. Scotiabank started coverage on shares of Sprout Social in a report on Monday, November 18th. They set a “sector perform” rating and a $28.00 price target on the stock. Piper Sandler reduced their price objective on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. 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 research report on Tuesday. Finally, Barclays lowered 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.46.

Institutional Trading of Sprout Social

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP grew its holdings in shares of Sprout Social by 2,346.9% in the second quarter. Quarry LP now owns 783 shares of the company’s stock valued at $28,000 after acquiring an additional 751 shares in the last quarter. nVerses Capital LLC raised its position in shares of Sprout Social by 76.5% in the second quarter. nVerses Capital LLC now owns 3,000 shares of the company’s stock worth $107,000 after buying an additional 1,300 shares in the last quarter. Assetmark Inc. raised its position in shares of Sprout Social by 27.5% in the third quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock worth $108,000 after buying an additional 801 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Sprout Social in the second quarter worth $218,000. Finally, Entropy Technologies LP bought a new position in Sprout Social in the third quarter valued at $265,000.

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.