Preto Joseph Del Sells 1,500 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) CFO Preto Joseph Del sold 1,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $28.51, for a total value of $42,765.00. Following the sale, the chief financial officer now directly owns 171,144 shares in the company, valued at $4,879,315.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Preto Joseph Del also recently made the following trade(s):

• On Monday, April 1st, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The shares were sold at an average price of $59.63, for a total value of $89,445.00.

Sprout Social Price Performance

Shares of NASDAQ SPT opened at $28.49 on Friday. The company has a market capitalization of $1.60 billion, a PE ratio of -22.79 and a beta of 1.09. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.38. Sprout Social, Inc. has a twelve month low of $25.68 and a twelve month high of $68.41. The firm has a fifty day simple moving average of $53.95 and a 200 day simple moving average of $56.33.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). Sprout Social had a negative net margin of 19.64% and a negative return on equity of 42.60%. The business had revenue of $93.58 million during the quarter, compared to analyst estimates of $90.76 million. On average, sell-side analysts forecast that Sprout Social, Inc. will post -1.17 EPS for the current year.

Institutional Trading of Sprout Social

Several large investors have recently modified their holdings of the stock. Baillie Gifford & Co. lifted its position in shares of Sprout Social by 244.1% during the 3rd quarter. Baillie Gifford & Co. now owns 4,404,402 shares of the company’s stock valued at $219,692,000 after acquiring an additional 3,124,376 shares during the period. Wellington Management Group LLP increased its stake in Sprout Social by 27.5% in the third quarter. Wellington Management Group LLP now owns 3,953,155 shares of the company’s stock valued at $197,183,000 after purchasing an additional 853,127 shares in the last quarter. Fred Alger Management LLC raised its holdings in shares of Sprout Social by 334.1% during the third quarter. Fred Alger Management LLC now owns 667,462 shares of the company’s stock valued at $33,293,000 after purchasing an additional 513,687 shares during the period. Jennison Associates LLC boosted its position in shares of Sprout Social by 17.0% during the 1st quarter. Jennison Associates LLC now owns 2,137,422 shares of the company’s stock worth $127,625,000 after purchasing an additional 311,146 shares in the last quarter. Finally, Shannon River Fund Management LLC acquired a new stake in shares of Sprout Social in the 3rd quarter valued at about $14,103,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPT. Canaccord Genuity Group reduced their price target on shares of Sprout Social from $70.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Piper Sandler lowered Sprout Social from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $66.00 to $40.00 in a research note on Friday, May 3rd. Robert W. Baird downgraded Sprout Social from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $72.00 to $45.00 in a research report on Friday, May 3rd. William Blair reiterated a “market perform” rating on shares of Sprout Social in a research report on Friday, May 3rd. Finally, Stifel Nicolaus boosted their target price on Sprout Social from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.07.

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.