Sprout Social, Inc. (NASDAQ:SPT) Director Sells $151,300.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 5,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $30.26, for a total value of $151,300.00. Following the sale, the director now owns 30,665 shares in the company, valued at approximately $927,922.90. This trade represents a 14.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Karen Walker also recently made the following trade(s):

• On Friday, December 13th, Karen Walker sold 5,000 shares of Sprout Social stock. The stock was sold at an average price of $34.24, for a total value of $171,200.00.

Sprout Social Trading Up 2.9 %

Shares of SPT stock opened at $31.62 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.81 billion, a P/E ratio of -26.35 and a beta of 1.03. The stock has a 50 day simple moving average of $31.47 and a 200 day simple moving average of $31.35. Sprout Social, Inc. has a 1 year low of $25.05 and a 1 year high of $68.41.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts predict that Sprout Social, Inc. will post -0.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sprout Social

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted its stake in Sprout Social by 2.8% during the second quarter. Rhumbline Advisers now owns 71,399 shares of the company’s stock worth $2,548,000 after purchasing an additional 1,911 shares during the last quarter. Arizona State Retirement System lifted its stake in Sprout Social by 3.9% during the second quarter. Arizona State Retirement System now owns 13,934 shares of the company’s stock worth $497,000 after purchasing an additional 529 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Sprout Social during the second quarter worth $1,959,000. Edgestream Partners L.P. bought a new stake in Sprout Social during the second quarter worth $969,000. Finally, Hsbc Holdings PLC lifted its stake in Sprout Social by 134.5% during the second quarter. Hsbc Holdings PLC now owns 13,589 shares of the company’s stock worth $472,000 after purchasing an additional 7,793 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on SPT. Needham & Company LLC restated a “buy” rating and set a $55.00 price target on shares of Sprout Social in a research report on Wednesday. Oppenheimer decreased their price objective on Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 3rd. Morgan Stanley increased their price target on Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday. Barclays cut their price target on Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, Piper Sandler cut their price target on Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Sprout Social presently has an average rating of “Hold” and an average price target of $44.54.

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.