Ceera Investments LLC Grows Stock Holdings in Sprout Social, Inc. (NASDAQ:SPT)

Ceera Investments LLC grew its holdings in Sprout Social, Inc. (NASDAQ:SPT) by 85.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,160 shares of the company’s stock after purchasing an additional 8,343 shares during the quarter. Ceera Investments LLC’s holdings in Sprout Social were worth $558,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Quarry LP lifted its holdings in Sprout Social by 100.9% in the third quarter. Quarry LP now owns 1,573 shares of the company’s stock valued at $46,000 after acquiring an additional 790 shares during the last quarter. US Bancorp DE lifted its holdings in 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 during the last quarter. KBC Group NV lifted 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. Assetmark Inc. raised its position in Sprout Social by 27.5% in the third quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock valued at $108,000 after purchasing an additional 801 shares during the period. Finally, Yarbrough Capital LLC purchased a new stake in Sprout Social in the fourth quarter valued at approximately $206,000.

Sprout Social Trading Down 4.0 %

NASDAQ SPT opened at $24.53 on Friday. The stock has a market capitalization of $1.41 billion, a P/E ratio of -20.44 and a beta of 1.11. Sprout Social, Inc. has a 52-week low of $24.00 and a 52-week high of $62.34. The firm has a 50-day moving average price of $30.91 and a 200 day moving average price of $30.22. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

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

Insider Buying and Selling at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $32.59, for a total transaction of $1,303,600.00. Following the completion of the transaction, the insider now directly owns 7,417 shares of the company’s stock, valued at $241,720.03. This trade represents a 84.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Karen Walker sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $30.26, for a total transaction of $151,300.00. Following the transaction, the director now directly owns 30,665 shares of the company’s stock, valued at approximately $927,922.90. This trade represents a 14.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,800 shares of company stock valued at $3,413,532. Corporate insiders own 10.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley cut their target price on Sprout Social from $37.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Jefferies Financial Group boosted their target price on Sprout Social from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Oppenheimer cut their target price on Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 3rd. Needham & Company LLC cut their target price on Sprout Social from $55.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, Piper Sandler cut their target price on Sprout Social from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.85.

Sprout Social 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.