Sprout Social, Inc. (NASDAQ:SPT) Holdings Lowered by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd trimmed its stake in shares of Sprout Social, Inc. (NASDAQ:SPT) by 57.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,375 shares of the company’s stock after selling 1,832 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Sprout Social were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPT. Quarry LP raised its position 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 buying an additional 751 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Sprout Social by 27.5% in the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock worth $108,000 after purchasing an additional 801 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Sprout Social in the 2nd quarter worth approximately $218,000. Entropy Technologies LP bought a new stake in shares of Sprout Social in the 3rd quarter worth approximately $265,000. Finally, CFM Wealth Partners LLC bought a new stake in shares of Sprout Social in the 3rd quarter worth approximately $355,000.

Sprout Social Trading Down 1.2 %

Sprout Social stock traded down $0.36 during midday trading on Monday, hitting $30.14. 111,115 shares of the stock were exchanged, compared to its average volume of 410,794. The company has a fifty day simple moving average of $31.35 and a two-hundred day simple moving average of $31.41. Sprout Social, Inc. has a 52 week low of $25.05 and a 52 week high of $68.41. The stock has a market capitalization of $1.73 billion, a PE ratio of -25.12 and a beta of 1.03. 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 (NASDAQ:SPT) last announced 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). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The company had revenue of $102.64 million during the quarter, compared to the consensus estimate of $102.04 million. Equities research analysts anticipate that Sprout Social, Inc. will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling at Sprout Social

In other news, CEO Ryan Paul Barretto sold 13,465 shares of Sprout Social stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $31.45, for a total value of $423,474.25. Following the sale, the chief executive officer now directly owns 546,343 shares in the company, valued at $17,182,487.35. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Walker sold 5,000 shares of Sprout Social stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $34.24, for a total transaction of $171,200.00. Following the completion of the sale, the director now owns 35,665 shares in the company, valued at $1,221,169.60. This trade represents a 12.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,265 shares of company stock valued at $1,115,306. 10.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SPT shares. Piper Sandler dropped their target price on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of Sprout Social in a research report on Friday, November 8th. Barclays dropped their target price on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Scotiabank started coverage on shares of Sprout Social in a research report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 target price on the stock. Finally, Oppenheimer lowered their price objective on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Sprout Social presently has an average rating of “Hold” and an average target price of $45.46.

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.