Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto Sells 13,465 Shares

Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto sold 13,465 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $31.45, for a total transaction of $423,474.25. Following the completion of the transaction, the chief executive officer now directly owns 546,343 shares of the company’s stock, valued at approximately $17,182,487.35. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, October 7th, Ryan Paul Barretto sold 16,800 shares of Sprout Social stock. The shares were sold at an average price of $28.25, for a total transaction of $474,600.00.

Sprout Social Stock Performance

Sprout Social stock opened at $32.00 on Thursday. The firm’s fifty day simple moving average is $28.93 and its 200-day simple moving average is $31.54. 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 1-year low of $25.05 and a 1-year high of $68.41.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The business had revenue of $102.64 million for the quarter, compared to the consensus estimate of $102.04 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. On average, equities research analysts expect that Sprout Social, Inc. will post -0.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arizona State Retirement System grew its stake in Sprout Social by 3.9% in the 2nd quarter. Arizona State Retirement System now owns 13,934 shares of the company’s stock valued at $497,000 after buying an additional 529 shares during the last quarter. Diversified Trust Co grew its stake in Sprout Social by 3.8% in the 3rd quarter. Diversified Trust Co now owns 15,770 shares of the company’s stock valued at $458,000 after buying an additional 571 shares during the last quarter. Truist Financial Corp grew its position in Sprout Social by 6.1% in the 2nd quarter. Truist Financial Corp now owns 11,260 shares of the company’s stock worth $402,000 after purchasing an additional 646 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of Sprout Social by 3.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 19,951 shares of the company’s stock worth $712,000 after purchasing an additional 750 shares during the period. Finally, Quarry LP raised its position in shares of Sprout Social by 2,346.9% during the second quarter. Quarry LP now owns 783 shares of the company’s stock valued at $28,000 after buying an additional 751 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays decreased their price objective on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Piper Sandler decreased their price objective on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. KeyCorp cut shares of Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 price objective for the company. in a research report on Thursday, August 22nd. Scotiabank assumed coverage on shares of Sprout Social in a research report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 price objective for the company. Finally, Oppenheimer cut their target price 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Sprout Social presently has an average rating of “Hold” and an average price target of $45.46.

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.