International Assets Investment Management LLC Buys 6,116 Shares of Sprout Social, Inc. (NASDAQ:SPT)

International Assets Investment Management LLC raised its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT) by 4,050.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,267 shares of the company’s stock after purchasing an additional 6,116 shares during the period. International Assets Investment Management LLC’s holdings in Sprout Social were worth $385,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPT. RiverPark Advisors LLC purchased a new position in shares of Sprout Social in the 3rd quarter worth $37,000. Arcadia Investment Management Corp MI grew its position in Sprout Social by 40.3% in the third quarter. Arcadia Investment Management Corp MI now owns 766 shares of the company’s stock worth $38,000 after acquiring an additional 220 shares in the last quarter. Guinness Atkinson Asset Management Inc purchased a new position in shares of Sprout Social during the third quarter valued at approximately $40,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Sprout Social during the third quarter valued at approximately $47,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Sprout Social by 14.8% during the third quarter. PNC Financial Services Group Inc. now owns 2,500 shares of the company’s stock valued at $125,000 after buying an additional 323 shares during the period.

Insider Buying and Selling

In related news, President Ryan Paul Barretto sold 5,600 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $59.63, for a total transaction of $333,928.00. Following the completion of the transaction, the president now owns 209,375 shares of the company’s stock, valued at approximately $12,485,031.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Aaron Edward Frederick Rankin sold 44,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $59.60, for a total value of $2,622,400.00. Following the sale, the director now directly owns 40,888 shares in the company, valued at approximately $2,436,924.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Ryan Paul Barretto sold 5,600 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $59.63, for a total transaction of $333,928.00. Following the completion of the sale, the president now owns 209,375 shares in the company, valued at $12,485,031.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,200 shares of company stock valued at $8,171,958. Company insiders own 10.97% of the company’s stock.

Sprout Social Stock Up 0.1 %

Shares of NASDAQ SPT opened at $51.39 on Friday. The company has a 50 day simple moving average of $57.77 and a 200-day simple moving average of $56.87. The company has a market capitalization of $2.89 billion, a P/E ratio of -42.83 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.08 and a quick ratio of 1.08. Sprout Social, Inc. has a 1 year low of $37.00 and a 1 year high of $68.41.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The company had revenue of $93.58 million for the quarter, compared to analysts’ expectations of $90.76 million. Sprout Social had a negative return on equity of 41.25% and a negative net margin of 19.91%. On average, equities research analysts predict that Sprout Social, Inc. will post -1.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPT has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Sprout Social from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Barclays lowered their target price on shares of Sprout Social from $75.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. The Goldman Sachs Group increased their target price on shares of Sprout Social from $65.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. KeyCorp assumed coverage on shares of Sprout Social in a research report on Thursday, March 21st. They set an “overweight” rating and a $83.00 price target for the company. Finally, Morgan Stanley cut their price objective on shares of Sprout Social from $73.00 to $65.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.57.

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.