Bwcp LP Sells 87,728 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Bwcp LP decreased its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 16.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 451,844 shares of the company's stock after selling 87,728 shares during the quarter. Sprout Social comprises approximately 3.0% of Bwcp LP's holdings, 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 hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE raised its position in shares of Sprout Social by 2,392.6% in the 4th quarter. US Bancorp DE now owns 1,695 shares of the company's stock valued at $52,000 after purchasing an additional 1,627 shares in the last quarter. KBC Group NV grew its holdings in shares of Sprout Social by 77.1% during the fourth 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 last quarter. Yarbrough Capital LLC acquired a new stake in Sprout Social in the fourth quarter worth $206,000. PNC Financial Services Group Inc. raised its holdings in shares of Sprout Social by 41.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,620 shares of the company's stock valued at $265,000 after buying an additional 2,533 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Sprout Social during the 4th quarter valued at $338,000.

Sprout Social Stock Down 0.6 %

NASDAQ:SPT traded down $0.13 during trading hours on Wednesday, hitting $20.65. 105,198 shares of the company's stock traded hands, compared to its average volume of 682,164. The stock's fifty day moving average price is $22.28 and its two-hundred day moving average price is $27.98. The firm has a market cap of $1.19 billion, a P/E ratio of -17.20 and a beta of 1.20. 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 twelve month low of $18.52 and a twelve month high of $39.75.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group raised their price target on Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Scotiabank dropped their price target on shares of Sprout Social from $28.00 to $25.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Stifel Nicolaus lowered their price objective on shares of Sprout Social from $45.00 to $34.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Canaccord Genuity Group decreased their price target on Sprout Social from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Needham & Company LLC dropped their price objective on Sprout Social from $55.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. One 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $32.15.

Insider Transactions at Sprout Social

In related news, insider Justyn Russell Howard sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $32.59, for a total value of $1,303,600.00. Following the transaction, the insider now directly owns 7,417 shares of the company's stock, valued at approximately $241,720.03. This trade represents a 84.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karen Walker sold 5,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $19.42, for a total value of $97,100.00. Following the sale, the director now directly owns 25,665 shares of the company's stock, valued at $498,414.30. The trade was a 16.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,446 shares of company stock valued at $3,115,839. 10.12% of the stock is owned by insiders.

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.