Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) Director Karen Walker sold 5,000 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $19.42, for a total value of $97,100.00. Following the transaction, the director now owns 25,665 shares in the company, valued at approximately $498,414.30. This represents a 16.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Sprout Social Price Performance
SPT stock opened at $19.23 on Wednesday. Sprout Social, Inc. has a one year low of $18.72 and a one year high of $54.40. The firm has a 50-day moving average of $25.20 and a two-hundred day moving average of $28.83. The firm has a market capitalization of $1.11 billion, a PE ratio of -16.02 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.
Sprout Social (NASDAQ:SPT - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.20) earnings per share 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 company had revenue of $107.09 million during the quarter, compared to analyst estimates of $106.74 million. On average, analysts forecast that Sprout Social, Inc. will post -0.99 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on SPT. Stifel Nicolaus reduced their price target on shares of Sprout Social from $45.00 to $34.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Canaccord Genuity Group decreased their price target on Sprout Social from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Needham & Company LLC dropped their price objective on Sprout Social from $55.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Jefferies Financial Group boosted their price objective on Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Barclays lowered their target price on Sprout Social from $38.00 to $34.00 and set an "overweight" rating for the company in a report on Wednesday, February 26th. One 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $33.85.
Read Our Latest Stock Analysis on Sprout Social
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. grew its position in Sprout Social by 31.0% during the first quarter. Harbor Capital Advisors Inc. now owns 12,499 shares of the company's stock worth $275,000 after buying an additional 2,955 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Sprout Social by 9.6% in the 1st quarter. Rhumbline Advisers now owns 76,976 shares of the company's stock worth $1,693,000 after acquiring an additional 6,774 shares during the period. GAMMA Investing LLC grew 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 purchasing an additional 8,970 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Sprout Social by 1,319.4% during the 1st quarter. Versant Capital Management Inc now owns 1,462 shares of the company's stock worth $32,000 after purchasing an additional 1,359 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Sprout Social during the fourth quarter valued at approximately $4,296,000.
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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