Sprout Social, Inc. (NASDAQ:SPT) Director Sells $95,250.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 5,000 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $19.05, for a total transaction of $95,250.00. Following the transaction, the director directly owned 28,963 shares of the company’s stock, valued at $551,745.15. This trade represents a 14.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sprout Social Stock Up 1.7%

Sprout Social stock opened at $18.94 on Friday. The business has a fifty day moving average price of $21.27 and a 200-day moving average price of $24.67. Sprout Social, Inc. has a 1-year low of $18.32 and a 1-year high of $39.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -18.21 and a beta of 1.01.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.07. The company had revenue of $109.29 million for the quarter, compared to analyst estimates of $107.63 million. Sprout Social had a negative return on equity of 31.03% and a negative net margin of 14.25%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share. Equities research analysts forecast that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 target price on shares of Sprout Social in a report on Wednesday, May 28th. The Goldman Sachs Group reduced their price target on shares of Sprout Social from $29.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Barclays dropped their price target on shares of Sprout Social from $34.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $24.00 price target on shares of Sprout Social in a report on Tuesday, June 3rd. Finally, Morgan Stanley reduced their price target on shares of Sprout Social from $30.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Brighton Jones LLC grew its position in shares of Sprout Social by 391.7% during the 4th quarter. Brighton Jones LLC now owns 35,985 shares of the company’s stock worth $1,105,000 after buying an additional 28,667 shares during the period. US Bancorp DE grew 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 valued at $52,000 after acquiring an additional 1,627 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Sprout Social by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 470,734 shares of the company’s stock worth $14,456,000 after buying an additional 60,323 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Sprout Social in the 4th quarter valued at approximately $1,184,000. Finally, PNC Financial Services Group Inc. raised its holdings in Sprout Social by 41.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,620 shares of the company’s stock valued at $265,000 after buying an additional 2,533 shares during 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.