Sprout Social, Inc. (NASDAQ:SPT) Director Sells $97,100.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 5,000 shares of Sprout Social stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $19.42, for a total transaction of $97,100.00. Following the completion of the transaction, the director now directly owns 25,665 shares in the company, valued at approximately $498,414.30. The trade was a 16.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sprout Social Stock Performance

Shares of SPT stock opened at $19.36 on Thursday. The company has a fifty day moving average price of $24.96 and a two-hundred day moving average price of $28.76. Sprout Social, Inc. has a one year low of $18.72 and a one year high of $54.40. The stock has a market cap of $1.12 billion, a P/E ratio of -16.13 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96.

Sprout Social (NASDAQ:SPT) last issued its 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). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The firm had revenue of $107.09 million during the quarter, compared to analyst estimates of $106.74 million. As a group, equities analysts predict that Sprout Social, Inc. will post -0.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Sprout Social from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. The Goldman Sachs Group cut their price target on Sprout Social from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus decreased their price objective on Sprout Social from $45.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Morgan Stanley cut their target price on Sprout Social from $30.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Barclays decreased their price target on shares of Sprout Social from $38.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in 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 valued at $32,000 after purchasing an additional 1,359 shares during the last quarter. US Bancorp DE lifted its stake in shares of Sprout Social by 2,392.6% during the 4th quarter. US Bancorp DE now owns 1,695 shares of the company’s stock worth $52,000 after buying an additional 1,627 shares during the last quarter. KBC Group NV lifted its stake in shares of Sprout Social by 77.1% during the 4th quarter. KBC Group NV now owns 2,525 shares of the company’s stock worth $78,000 after buying an additional 1,099 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Sprout Social by 19,500.0% during the 1st quarter. GAMMA Investing LLC now owns 9,016 shares of the company’s stock worth $198,000 after buying an additional 8,970 shares during the period. Finally, Yarbrough Capital LLC acquired a new position in Sprout Social in the 4th quarter valued at about $206,000.

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.