BNP Paribas Financial Markets Purchases New Shares in Sprout Social, Inc. (NASDAQ:SPT)

BNP Paribas Financial Markets acquired a new stake in Sprout Social, Inc. (NASDAQ:SPT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 122,026 shares of the company's stock, valued at approximately $3,747,000. BNP Paribas Financial Markets owned 0.21% of Sprout Social at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its stake in Sprout Social by 339.5% during the 3rd quarter. Barclays PLC now owns 90,234 shares of the company's stock worth $2,623,000 after buying an additional 69,704 shares during the period. Franklin Resources Inc. increased its holdings in Sprout Social by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 20,256 shares of the company's stock worth $576,000 after purchasing an additional 1,034 shares in the last quarter. Yarbrough Capital LLC bought a new stake in Sprout Social during the 4th quarter worth approximately $206,000. Brighton Jones LLC increased its holdings in Sprout Social by 391.7% during the 4th quarter. Brighton Jones LLC now owns 35,985 shares of the company's stock worth $1,105,000 after purchasing an additional 28,667 shares in the last quarter. Finally, KBC Group NV increased its holdings in Sprout Social by 77.1% during the 4th quarter. KBC Group NV now owns 2,525 shares of the company's stock worth $78,000 after purchasing an additional 1,099 shares in the last quarter.

Sprout Social Price Performance

Shares of NASDAQ SPT traded down $0.22 during trading hours on Tuesday, reaching $22.92. 29,328 shares of the stock traded hands, compared to its average volume of 648,799. The company has a market capitalization of $1.33 billion, a P/E ratio of -19.07 and a beta of 1.20. 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 $18.52 and a 52-week high of $39.75. The company's 50-day simple moving average is $21.93 and its two-hundred day simple moving average is $27.74.

Sprout Social (NASDAQ:SPT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.07. The company had revenue of $109.29 million for the quarter, compared to analysts' expectations of $107.63 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. Sprout Social's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. Equities research analysts forecast that Sprout Social, Inc. will post -0.99 EPS for the current year.

Insider Buying and Selling at Sprout Social

In other news, CEO Ryan Paul Barretto sold 16,800 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $19.90, for a total transaction of $334,320.00. Following the transaction, the chief executive officer now directly owns 136,575 shares of the company's stock, valued at approximately $2,717,842.50. The trade was a 10.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Karen Walker sold 5,000 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $19.42, for a total value of $97,100.00. Following the transaction, the director now directly owns 25,665 shares in the company, valued at $498,414.30. This trade represents a 16.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,446 shares of company stock worth $2,644,639. 10.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays decreased their price objective on Sprout Social from $34.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Oppenheimer cut their price target on Sprout Social from $38.00 to $32.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Piper Sandler cut their price target on Sprout Social from $29.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Jefferies Financial Group increased their price target on Sprout Social from $34.00 to $42.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, Stifel Nicolaus cut their price target on Sprout Social from $45.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $31.69.

Sprout Social 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.