Crestline Management LP Makes New $950,000 Investment in Sprout Social, Inc. (NASDAQ:SPT)

Crestline Management LP purchased a new stake in Sprout Social, Inc. (NASDAQ:SPT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,920 shares of the company's stock, valued at approximately $950,000. Crestline Management LP owned 0.05% of Sprout Social at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. US Bancorp DE increased its stake 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 increased 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 in the last quarter. Yarbrough Capital LLC purchased a new position in shares of Sprout Social in the 4th quarter valued at about $206,000. PNC Financial Services Group Inc. increased its stake in shares of Sprout Social by 41.6% in 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 purchased a new position in shares of Sprout Social in the 4th quarter valued at about $338,000.

Sprout Social Price Performance

Shares of Sprout Social stock traded up $0.59 on Monday, hitting $24.49. 1,087,107 shares of the company were exchanged, compared to its average volume of 660,691. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -20.41 and a beta of 1.20. The company has a 50-day moving average price of $21.96 and a 200 day moving average price of $27.85. Sprout Social, Inc. has a 1-year low of $18.52 and a 1-year high of $39.75. 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 (NASDAQ:SPT - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.07. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The business had revenue of $109.29 million for the quarter, compared to analysts' expectations of $107.63 million. During the same period in the previous year, the firm posted $0.10 EPS. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, sell-side analysts predict that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Insider Activity at Sprout Social

In related news, insider Justyn Russell Howard sold 40,000 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $19.99, for a total value of $799,600.00. Following the transaction, the insider now directly owns 7,417 shares in the company, valued at approximately $148,265.83. This represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aaron Edward Frederick Rankin sold 23,646 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $24.58, for a total value of $581,218.68. Following the completion of the transaction, the director now owns 42,122 shares in the company, valued at $1,035,358.76. This represents a 35.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,446 shares of company stock worth $2,644,639. Insiders own 10.12% of the company's stock.

Wall Street Analyst Weigh In

SPT has been the subject of several research reports. Oppenheimer cut their price objective on Sprout Social from $38.00 to $32.00 and set an "outperform" rating for the company in a research note on Friday. Piper Sandler cut their price objective 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. Morgan Stanley cut their price objective on Sprout Social from $30.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Canaccord Genuity Group cut their price objective 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, Stifel Nicolaus cut their price objective 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 assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $31.69.

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.