Sprout Social, Inc. (NASDAQ:SPT) CEO Sells $520,632.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto sold 16,800 shares of Sprout Social stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $30.99, for a total value of $520,632.00. Following the transaction, the chief executive officer now owns 153,375 shares in the company, valued at approximately $4,753,091.25. The trade was a 9.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 3rd, Ryan Paul Barretto sold 13,465 shares of Sprout Social stock. The stock was sold at an average price of $31.45, for a total value of $423,474.25.
• On Monday, October 7th, Ryan Paul Barretto sold 16,800 shares of Sprout Social stock. The shares were sold at an average price of $28.25, for a total transaction of $474,600.00.

Sprout Social Price Performance

Shares of SPT opened at $30.69 on Friday. The company has a market cap of $1.76 billion, a P/E ratio of -25.57 and a beta of 1.03. Sprout Social, Inc. has a fifty-two week low of $25.05 and a fifty-two week high of $68.41. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average price is $30.72 and its 200 day moving average price is $31.50.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data 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 analyst estimates 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 forecast that Sprout Social, Inc. will post -0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on SPT shares. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Sprout Social in a research note on Friday, November 8th. Oppenheimer reduced their price target 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. Barclays lowered their price objective on Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Scotiabank assumed coverage on 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, Piper Sandler lowered their price target on Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sprout Social presently has an average rating of “Hold” and a consensus price target of $45.46.

Hedge Funds Weigh In On Sprout Social

Several hedge funds and other institutional investors have recently made changes to their positions in SPT. Dorsey Asset Management LLC acquired a new stake in Sprout Social in the second quarter valued at approximately $61,583,000. Wellington Management Group LLP increased its position in shares of Sprout Social by 16.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,762,443 shares of the company’s stock valued at $109,374,000 after purchasing an additional 519,406 shares during the last quarter. ArrowMark Colorado Holdings LLC acquired a new stake in shares of Sprout Social in the 3rd quarter valued at $10,717,000. Millennium Management LLC lifted its position in shares of Sprout Social by 9,779.5% during the 2nd quarter. Millennium Management LLC now owns 331,260 shares of the company’s stock worth $11,819,000 after purchasing an additional 327,907 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Sprout Social by 324.0% during the third quarter. JPMorgan Chase & Co. now owns 402,947 shares of the company’s stock worth $11,714,000 after purchasing an additional 307,906 shares in the last quarter.

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.