Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker Sells 5,000 Shares

Sprout Social, Inc. (NASDAQ:SPT) Director Karen Walker sold 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $34.24, for a total transaction of $171,200.00. Following the completion of the sale, the director now directly owns 35,665 shares of the company’s stock, valued at approximately $1,221,169.60. This trade represents a 12.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sprout Social Stock Performance

Shares of Sprout Social stock opened at $34.70 on Wednesday. The company has a 50 day moving average price of $29.94 and a 200 day moving average price of $31.64. The firm has a market capitalization of $1.99 billion, a P/E ratio of -28.92 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.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share (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 analysts’ expectations of $102.04 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. Sell-side analysts expect that Sprout Social, Inc. will post -0.98 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SPT shares. Oppenheimer lowered their price target on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, December 3rd. Scotiabank began coverage on Sprout Social in a research report on Monday, November 18th. They set a “sector perform” rating and a $28.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target on shares of Sprout Social in a research report on Friday, November 8th. Piper Sandler decreased their price objective on Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Finally, Barclays cut their target price on Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Sprout Social has an average rating of “Hold” and a consensus price target of $45.46.

Institutional Trading of Sprout Social

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPT. Quarry LP lifted its holdings in shares of Sprout Social by 2,346.9% during the second quarter. Quarry LP now owns 783 shares of the company’s stock worth $28,000 after purchasing an additional 751 shares during the period. nVerses Capital LLC lifted its stake in Sprout Social by 76.5% during the 2nd quarter. nVerses Capital LLC now owns 3,000 shares of the company’s stock valued at $107,000 after acquiring an additional 1,300 shares during the period. Assetmark Inc. boosted its holdings in shares of Sprout Social by 27.5% in the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock valued at $108,000 after acquiring an additional 801 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Sprout Social in the second quarter worth $218,000. Finally, Entropy Technologies LP purchased a new position in shares of Sprout Social during the third quarter worth $265,000.

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.