Landscape Capital Management L.L.C. Increases Stock Position in Sprout Social, Inc. (NASDAQ:SPT)

Landscape Capital Management L.L.C. lifted its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT) by 35.1% in the third quarter, HoldingsChannel reports. The firm owned 133,405 shares of the company’s stock after acquiring an additional 34,626 shares during the period. Landscape Capital Management L.L.C.’s holdings in Sprout Social were worth $3,878,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Impax Asset Management Group plc grew its holdings in Sprout Social by 46.6% during the 3rd quarter. Impax Asset Management Group plc now owns 188,724 shares of the company’s stock valued at $5,486,000 after buying an additional 60,000 shares during the last quarter. Emerald Advisers LLC acquired a new stake in shares of Sprout Social during the second quarter valued at $4,345,000. Principal Financial Group Inc. increased its position in Sprout Social by 20.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,199,451 shares of the company’s stock worth $34,868,000 after purchasing an additional 200,190 shares in the last quarter. Bamco Inc. NY raised its stake in Sprout Social by 25.8% in the 1st quarter. Bamco Inc. NY now owns 975,000 shares of the company’s stock valued at $58,217,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in Sprout Social by 133.3% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 145,052 shares of the company’s stock valued at $4,217,000 after purchasing an additional 82,879 shares in the last quarter.

Insiders Place Their Bets

In related news, President Ryan Paul Barretto sold 13,306 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $29.23, for a total value of $388,934.38. Following the completion of the transaction, the president now owns 470,809 shares of the company’s stock, valued at approximately $13,761,747.07. This represents a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Preto Joseph Del sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $28.27, for a total value of $42,405.00. Following the completion of the transaction, the chief financial officer now directly owns 158,614 shares in the company, valued at approximately $4,484,017.78. The trade was a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,882 shares of company stock worth $1,801,351 in the last 90 days. 10.97% of the stock is owned by company insiders.

Sprout Social Trading Up 1.9 %

NASDAQ SPT opened at $29.63 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. Sprout Social, Inc. has a one year low of $25.05 and a one year high of $68.41. The company’s 50 day moving average price is $28.30 and its 200 day moving average price is $31.32.

Sprout Social (NASDAQ:SPT) last issued 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). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The business had revenue of $102.64 million during the quarter, compared to analysts’ expectations of $102.04 million. As a group, equities research analysts forecast that Sprout Social, Inc. will post -0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Oppenheimer lowered their price target on shares of Sprout Social from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Scotiabank began coverage on Sprout Social in a report on Monday. They issued a “sector perform” rating and a $28.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and set a $46.00 price objective on shares of Sprout Social in a report on Friday, August 2nd. Robert W. Baird upped their target price on Sprout Social from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, KeyCorp lowered Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 price target on the stock. in a research note on Thursday, August 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.62.

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.