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

Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto sold 13,465 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $31.45, for a total transaction of $423,474.25. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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 Stock Performance

SPT stock traded up $0.88 during trading hours on Wednesday, hitting $32.00. 870,203 shares of the stock were exchanged, compared to its average volume of 733,109. Sprout Social, Inc. has a 12 month low of $25.05 and a 12 month high of $68.41. 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 firm has a market capitalization of $1.84 billion, a P/E ratio of -25.93 and a beta of 1.03. The company has a 50-day simple moving average of $28.88 and a two-hundred day simple moving average of $31.53.

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

Institutional Investors Weigh In On Sprout Social

Large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its holdings in Sprout Social by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 20,256 shares of the company’s stock valued at $576,000 after acquiring an additional 1,034 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Sprout Social by 3.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 98,204 shares of the company’s stock worth $2,855,000 after purchasing an additional 3,344 shares during the period. Geode Capital Management LLC grew its stake in Sprout Social by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,175,538 shares of the company’s stock worth $34,179,000 after buying an additional 22,320 shares in the last quarter. M&T Bank Corp bought a new position in Sprout Social in the 3rd quarter valued at about $1,074,000. Finally, Barclays PLC raised its position in shares of Sprout Social by 339.5% in the 3rd quarter. Barclays PLC now owns 90,234 shares of the company’s stock valued at $2,623,000 after buying an additional 69,704 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SPT. Piper Sandler lowered 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. KeyCorp downgraded shares of 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. Oppenheimer decreased their target price 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. Scotiabank began 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 for the company. Finally, Barclays decreased 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 report on Friday, October 11th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.