Justyn Russell Howard Sells 10,566 Shares of Sprout Social (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT) insider Justyn Russell Howard sold 10,566 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $15.16, for a total value of $160,180.56. Following the sale, the insider owned 296,522 shares of the company’s stock, valued at $4,495,273.52. The trade was a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Justyn Russell Howard also recently made the following trade(s):

• On Friday, September 5th, Justyn Russell Howard sold 20,000 shares of Sprout Social stock. The stock was sold at an average price of $14.94, for a total value of $298,800.00.
• On Tuesday, July 8th, Justyn Russell Howard sold 40,000 shares of Sprout Social stock. The stock was sold at an average price of $21.12, for a total value of $844,800.00.

Sprout Social Stock Up 2.0%

NASDAQ SPT opened at $15.15 on Friday. The business has a fifty day moving average price of $17.22 and a two-hundred day moving average price of $20.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.00 and a quick ratio of 1.00. Sprout Social, Inc. has a fifty-two week low of $13.33 and a fifty-two week high of $36.30. The stock has a market capitalization of $890.97 million, a PE ratio of -15.95 and a beta of 0.86.

Sprout Social (NASDAQ:SPT) last released its earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. Sprout Social had a negative return on equity of 25.95% and a negative net margin of 12.70%.The firm had revenue of $111.78 million during the quarter, compared to analysts’ expectations of $110.93 million. During the same period in the prior year, the company earned $0.09 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts expect that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SPT shares. Canaccord Genuity Group cut their target price on Sprout Social from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Zacks Research downgraded shares of Sprout Social from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Cantor Fitzgerald restated a “neutral” rating and issued a $24.00 price objective on shares of Sprout Social in a report on Tuesday, June 3rd. Needham & Company LLC restated a “buy” rating and issued a $32.00 price objective on shares of Sprout Social in a report on Wednesday, May 28th. Finally, Oppenheimer decreased their price objective on Sprout Social from $32.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sprout Social currently has a consensus rating of “Moderate Buy” and an average target price of $27.36.

Institutional Trading of Sprout Social

Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sprout Social by 11.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,976 shares of the company’s stock valued at $373,000 after acquiring an additional 1,703 shares during the last quarter. Brighton Jones LLC boosted 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 purchasing an additional 28,667 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Sprout Social by 9.6% during the 1st quarter. Rhumbline Advisers now owns 76,976 shares of the company’s stock worth $1,693,000 after purchasing an additional 6,774 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Sprout Social during the 1st quarter worth about $363,000. Finally, Deutsche Bank AG boosted its position in shares of Sprout Social by 84.5% during the 4th quarter. Deutsche Bank AG now owns 51,367 shares of the company’s stock worth $1,577,000 after purchasing an additional 23,525 shares in the last quarter.

About Sprout Social

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.