Bwcp LP Trims Position in Sprout Social, Inc. (NASDAQ:SPT)

Bwcp LP decreased its holdings in Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 451,844 shares of the company's stock after selling 87,728 shares during the quarter. Sprout Social makes up 3.0% of Bwcp LP's investment portfolio, making the stock its 18th biggest holding. Bwcp LP owned approximately 0.79% of Sprout Social worth $13,876,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. US Bancorp DE raised its stake in Sprout Social by 2,392.6% during the fourth quarter. US Bancorp DE now owns 1,695 shares of the company's stock worth $52,000 after buying an additional 1,627 shares during the last quarter. KBC Group NV lifted its stake in shares of Sprout Social by 77.1% in the 4th quarter. KBC Group NV now owns 2,525 shares of the company's stock valued at $78,000 after purchasing an additional 1,099 shares during the period. Yarbrough Capital LLC acquired a new position in shares of Sprout Social in the 4th quarter valued at about $206,000. PNC Financial Services Group Inc. boosted its position in shares of Sprout Social by 41.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,620 shares of the company's stock valued at $265,000 after purchasing an additional 2,533 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Sprout Social during the fourth quarter worth approximately $338,000.

Insider Activity at Sprout Social

In other news, Director Karen Walker sold 5,000 shares of the company's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $19.42, for a total transaction of $97,100.00. Following the transaction, the director now owns 25,665 shares of the company's stock, valued at $498,414.30. This represents a 16.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Paul Barretto sold 16,800 shares of Sprout Social stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $19.90, for a total value of $334,320.00. Following the completion of the sale, the chief executive officer now directly owns 136,575 shares of the company's stock, valued at approximately $2,717,842.50. This trade represents a 10.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,446 shares of company stock worth $3,115,839. 10.12% of the stock is owned by company insiders.

Analyst Ratings Changes

SPT has been the topic of a number of research analyst reports. Needham & Company LLC cut their price target on Sprout Social from $55.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Piper Sandler reduced their price target on shares of Sprout Social from $29.00 to $27.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Morgan Stanley dropped their price objective on shares of Sprout Social from $30.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus reduced their target price 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. Finally, The Goldman Sachs Group dropped their price target on Sprout Social from $29.00 to $23.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Sprout Social currently has an average rating of "Hold" and an average target price of $32.15.

Sprout Social Stock Up 1.9 %

SPT stock traded up $0.39 during trading on Friday, reaching $21.44. The stock had a trading volume of 467,512 shares, compared to its average volume of 695,775. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -17.87 and a beta of 1.11. Sprout Social, Inc. has a one year low of $18.52 and a one year high of $39.75. The company's 50 day moving average is $22.55 and its two-hundred day moving average is $28.08.

Sprout Social (NASDAQ:SPT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.35). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The business had revenue of $107.09 million for the quarter, compared to analysts' expectations of $106.74 million. Equities research analysts forecast that Sprout Social, Inc. will post -0.99 EPS for the current year.

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.