Insider Selling: Sprout Social, Inc. (NASDAQ:SPT) Director Sells 5,000 Shares of Stock

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 5,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $30.26, for a total transaction of $151,300.00. Following the completion of the transaction, the director now directly owns 30,665 shares in the company, valued at $927,922.90. The trade was a 14.02 % decrease in their position. 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 shares were sold at an average price of $34.24, for a total value of $171,200.00.

Sprout Social Price Performance

Shares of SPT traded up $0.34 during trading hours on Tuesday, reaching $30.72. The company had a trading volume of 263,435 shares, compared to its average volume of 421,465. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -25.60 and a beta of 1.03. Sprout Social, Inc. has a 12-month low of $25.05 and a 12-month high of $68.41. The firm has a 50 day simple moving average of $31.41 and a 200-day simple moving average of $31.38. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.

Sprout Social (NASDAQ:SPT) last posted its 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). The firm had revenue of $102.64 million for the quarter, compared to analysts’ expectations of $102.04 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. Research analysts expect that Sprout Social, Inc. will post -0.98 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on SPT shares. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Sprout Social in a research report on Friday, November 8th. Oppenheimer dropped their price objective on Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, December 3rd. Piper Sandler reduced their target price on Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Scotiabank initiated coverage on Sprout Social in a research note on Monday, November 18th. They set a “sector perform” rating and a $28.00 price target on the stock. Finally, Barclays reduced their price objective on Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. One equities research 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $44.54.

Institutional Trading of Sprout Social

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its position 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 increased its holdings in shares of Sprout Social by 3.9% during the 2nd quarter. Arizona State Retirement System now owns 13,934 shares of the company’s stock worth $497,000 after buying an additional 529 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Sprout Social during the 2nd quarter worth $1,959,000. Edgestream Partners L.P. purchased a new position in shares of Sprout Social in the 2nd quarter worth $969,000. Finally, Hsbc Holdings PLC grew its position in Sprout Social by 134.5% during the second quarter. Hsbc Holdings PLC now owns 13,589 shares of the company’s stock valued at $472,000 after acquiring an additional 7,793 shares during the period.

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.