Sprout Social, Inc. (NASDAQ:SPT) President Ryan Paul Barretto Sells 5,600 Shares

Sprout Social, Inc. (NASDAQ:SPT) President Ryan Paul Barretto sold 5,600 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $56.95, for a total value of $318,920.00. Following the completion of the sale, the president now directly owns 198,175 shares in the company, valued at approximately $11,286,066.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ryan Paul Barretto also recently made the following trade(s):

• On Monday, February 5th, Ryan Paul Barretto sold 5,600 shares of Sprout Social stock. The shares were sold at an average price of $59.63, for a total value of $333,928.00.

Sprout Social Stock Up 2.3 %

Shares of SPT opened at $57.20 on Tuesday. The company has a market capitalization of $3.22 billion, a PE ratio of -47.67 and a beta of 1.05. Sprout Social, Inc. has a 12 month low of $37.00 and a 12 month high of $68.41. The stock’s 50-day moving average price is $60.40 and its two-hundred day moving average price is $56.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Tuesday, February 20th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The company had revenue of $93.58 million for the quarter, compared to analyst estimates 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, analysts anticipate that Sprout Social, Inc. will post -1.17 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Natixis Advisors L.P. raised its position in shares of Sprout Social by 43.7% in the 3rd quarter. Natixis Advisors L.P. now owns 61,300 shares of the company’s stock worth $3,058,000 after acquiring an additional 18,644 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Sprout Social by 244.1% in the 3rd quarter. Baillie Gifford & Co. now owns 4,404,402 shares of the company’s stock worth $219,692,000 after acquiring an additional 3,124,376 shares in the last quarter. Corton Capital Inc. raised its position in shares of Sprout Social by 16.6% in the 3rd quarter. Corton Capital Inc. now owns 6,899 shares of the company’s stock worth $344,000 after acquiring an additional 983 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Sprout Social by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,084,389 shares of the company’s stock worth $253,609,000 after acquiring an additional 191,471 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Sprout Social by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 399,443 shares of the company’s stock worth $19,924,000 after acquiring an additional 7,945 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SPT shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $74.00 target price on shares of Sprout Social in a report on Wednesday, February 21st. Canaccord Genuity Group reissued a “buy” rating and set a $70.00 price objective on shares of Sprout Social in a report on Wednesday, February 21st. Piper Sandler raised their price objective on Sprout Social from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. The Goldman Sachs Group raised their price objective on Sprout Social from $65.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, Jefferies Financial Group assumed coverage on Sprout Social in a report on Wednesday, February 7th. They set a “buy” rating and a $76.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Sprout Social has a consensus rating of “Moderate Buy” and a consensus price target of $71.54.

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.