Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) Director Karen Walker sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $34.24, for a total value of $171,200.00. Following the completion of the transaction, the director now owns 35,665 shares in the company, valued at approximately $1,221,169.60. This trade represents a 12.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Sprout Social Stock Performance
Shares of Sprout Social stock opened at $36.24 on Tuesday. The firm has a market cap of $2.08 billion, a PE ratio of -30.20 and a beta of 1.03. 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, Inc. has a 52 week low of $25.05 and a 52 week high of $68.41. The business's fifty day simple moving average is $29.81 and its 200-day simple moving average is $31.62.
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Sprout Social (NASDAQ:SPT - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.06). The company had revenue of $102.64 million during the quarter, compared to analyst estimates of $102.04 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. Equities analysts forecast that Sprout Social, Inc. will post -0.98 earnings per share for the current year.
Wall Street Analysts Forecast Growth
SPT has been the topic of a number of research reports. Piper Sandler decreased their price objective on Sprout Social from $40.00 to $29.00 and set a "neutral" rating on the stock in a report on Monday, November 11th. Oppenheimer decreased their price target on shares of Sprout Social from $40.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, December 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective on shares of Sprout Social in a research note on Friday, November 8th. Barclays decreased their target price on shares of Sprout Social from $48.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Finally, Scotiabank started coverage on Sprout Social in a research report on Monday, November 18th. They issued a "sector perform" rating and a $28.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Sprout Social has a consensus rating of "Hold" and a consensus target price of $45.46.
Check Out Our Latest Analysis on SPT
Hedge Funds Weigh In On Sprout Social
A number of hedge funds have recently made changes to their positions in SPT. Quarry LP raised its position in Sprout Social by 2,346.9% in the second quarter. Quarry LP now owns 783 shares of the company's stock valued at $28,000 after purchasing an additional 751 shares during the period. nVerses Capital LLC raised its holdings in shares of Sprout Social by 76.5% in the 2nd quarter. nVerses Capital LLC now owns 3,000 shares of the company's stock valued at $107,000 after buying an additional 1,300 shares during the period. Assetmark Inc. lifted its stake in Sprout Social by 27.5% during the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company's stock worth $108,000 after acquiring an additional 801 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Sprout Social during the 2nd quarter worth about $218,000. Finally, Entropy Technologies LP purchased a new position in Sprout Social during the 3rd quarter valued at about $265,000.
Sprout Social Company Profile
(
Get Free Report)
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.
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