Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto Sells 16,800 Shares

Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto sold 16,800 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $19.90, for a total value of $334,320.00. Following the transaction, the chief executive officer now owns 136,575 shares in the company, valued at $2,717,842.50. The trade was a 10.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sprout Social Price Performance

Shares of SPT opened at $19.94 on Tuesday. 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 stock has a market cap of $1.15 billion, a PE ratio of -16.62 and a beta of 1.11. Sprout Social, Inc. has a 12-month low of $18.72 and a 12-month high of $59.04. The business has a 50-day simple moving average of $27.35 and a two-hundred day simple moving average of $29.33.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The business had revenue of $107.09 million during the quarter, compared to the consensus estimate of $106.74 million. Analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Institutional Trading of Sprout Social

Institutional investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in Sprout Social by 1,319.4% during the 1st quarter. Versant Capital Management Inc now owns 1,462 shares of the company’s stock worth $32,000 after buying an additional 1,359 shares during the period. Quarry LP lifted its stake in shares of Sprout Social by 100.9% in the third quarter. Quarry LP now owns 1,573 shares of the company’s stock worth $46,000 after acquiring an additional 790 shares during the period. US Bancorp DE lifted its stake in shares of Sprout Social by 2,392.6% in the fourth quarter. US Bancorp DE now owns 1,695 shares of the company’s stock worth $52,000 after acquiring an additional 1,627 shares during the period. KBC Group NV boosted its holdings in Sprout Social by 77.1% in the fourth quarter. KBC Group NV now owns 2,525 shares of the company’s stock valued at $78,000 after acquiring an additional 1,099 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Sprout Social by 19,500.0% during the 1st quarter. GAMMA Investing LLC now owns 9,016 shares of the company’s stock valued at $198,000 after purchasing an additional 8,970 shares during the period.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Canaccord Genuity Group dropped their price objective on shares of Sprout Social from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Piper Sandler dropped their price target on shares of Sprout Social from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group increased their price target on Sprout Social from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Needham & Company LLC dropped their price objective on Sprout Social from $55.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Stifel Nicolaus decreased their price target on Sprout Social from $45.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Sprout Social has an average rating of “Hold” and a consensus target price of $33.85.

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.