Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) CFO Preto Joseph Del sold 1,500 shares of Sprout Social stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $28.51, for a total value of $42,765.00. Following the completion of the transaction, the chief financial officer now owns 171,144 shares in the company, valued at $4,879,315.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Preto Joseph Del also recently made the following trade(s):
- On Monday, April 1st, Preto Joseph Del sold 1,500 shares of Sprout Social stock. The shares were sold at an average price of $59.63, for a total value of $89,445.00.
Sprout Social Trading Down 1.3 %
Shares of SPT opened at $26.55 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.49 billion, a PE ratio of -21.52 and a beta of 1.09. Sprout Social, Inc. has a 1 year low of $25.68 and a 1 year high of $68.41. The stock has a 50 day simple moving average of $53.95 and a 200-day simple moving average of $56.33.
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Sprout Social (NASDAQ:SPT - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The company had revenue of $93.58 million for the quarter, compared to analyst estimates of $90.76 million. Sprout Social had a negative return on equity of 42.60% and a negative net margin of 19.64%. On average, sell-side analysts predict that Sprout Social, Inc. will post -1.17 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Robert W. Baird cut Sprout Social from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $72.00 to $45.00 in a research report on Friday, May 3rd. Needham & Company LLC reduced their price target on shares of Sprout Social from $75.00 to $55.00 and set a "buy" rating for the company in a report on Friday, May 3rd. Piper Sandler downgraded shares of Sprout Social from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $66.00 to $40.00 in a report on Friday, May 3rd. William Blair reiterated a "market perform" rating on shares of Sprout Social in a research note on Friday, May 3rd. Finally, Stifel Nicolaus lifted their target price on Sprout Social from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, January 19th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $57.07.
Check Out Our Latest Stock Analysis on SPT
Hedge Funds Weigh In On Sprout Social
Several institutional investors have recently added to or reduced their stakes in SPT. Vanguard Group Inc. grew its stake in Sprout Social by 3.9% during the third quarter. Vanguard Group Inc. now owns 5,084,389 shares of the company's stock worth $253,609,000 after buying an additional 191,471 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Sprout Social by 244.1% in the 3rd quarter. Baillie Gifford & Co. now owns 4,404,402 shares of the company's stock worth $219,692,000 after acquiring an additional 3,124,376 shares in the last quarter. Wellington Management Group LLP grew its position in Sprout Social by 27.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,953,155 shares of the company's stock worth $197,183,000 after acquiring an additional 853,127 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Sprout Social by 6.5% during the 4th quarter. Clearbridge Investments LLC now owns 2,532,339 shares of the company's stock valued at $155,587,000 after purchasing an additional 153,642 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Sprout Social by 17.0% in the 1st quarter. Jennison Associates LLC now owns 2,137,422 shares of the company's stock valued at $127,625,000 after purchasing an additional 311,146 shares during the last quarter.
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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