Sprout Social, Inc. $SPT Stock Holdings Boosted by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. significantly increased its stake in Sprout Social by 174.3% in Q1, acquiring a total of 70,008 shares valued at approximately $1.54 million.
• Insider trading activity included Justyn Russell Howard selling 40,000 shares, representing an 84.36% decrease in their ownership, while insiders sold a total of 112,375 shares over the last quarter.
• Sprout Social's stock has a market capitalization of $928.61 million and a recent earnings report showed a 12.5% increase in revenue year-over-year, although the company continues to have a negative P/E ratio of -16.62.

Landscape Capital Management L.L.C. grew its stake in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 174.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,008 shares of the company's stock after buying an additional 44,484 shares during the period. Landscape Capital Management L.L.C. owned 0.12% of Sprout Social worth $1,539,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Sprout Social by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,900,938 shares of the company's stock valued at $129,762,000 after acquiring an additional 14,771 shares in the last quarter. Cadian Capital Management LP lifted its holdings in shares of Sprout Social by 6.1% during the 4th quarter. Cadian Capital Management LP now owns 4,548,323 shares of the company's stock valued at $139,679,000 after acquiring an additional 263,267 shares in the last quarter. Dorsey Asset Management LLC lifted its holdings in shares of Sprout Social by 16.7% during the 4th quarter. Dorsey Asset Management LLC now owns 2,306,149 shares of the company's stock valued at $70,822,000 after acquiring an additional 330,155 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Sprout Social by 1.3% during the 1st quarter. Jennison Associates LLC now owns 2,200,443 shares of the company's stock valued at $48,388,000 after acquiring an additional 28,876 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its holdings in shares of Sprout Social by 380.7% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,772,219 shares of the company's stock valued at $54,425,000 after acquiring an additional 1,403,549 shares in the last quarter.

Insider Activity at Sprout Social

In related news, Director Karen Walker sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $19.05, for a total value of $95,250.00. Following the sale, the director directly owned 28,963 shares in the company, valued at $551,745.15. This trade represents a 14.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Paul Barretto sold 16,800 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $21.16, for a total value of $355,488.00. Following the completion of the sale, the chief executive officer owned 119,775 shares in the company, valued at approximately $2,534,439. This represents a 12.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,800 shares of company stock worth $1,295,538 in the last three months. 10.12% of the stock is owned by company insiders.

Sprout Social Stock Performance

Sprout Social stock traded down $0.37 during midday trading on Thursday, reaching $14.86. 1,326,768 shares of the stock traded hands, compared to its average volume of 1,022,101. Sprout Social, Inc. has a fifty-two week low of $13.33 and a fifty-two week high of $36.30. The firm has a market cap of $873.92 million, a price-to-earnings ratio of -15.64 and a beta of 0.86. The firm has a fifty day moving average price of $17.33 and a two-hundred day moving average price of $20.77. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.08.

Sprout Social (NASDAQ:SPT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. Sprout Social had a negative return on equity of 25.95% and a negative net margin of 12.70%.The firm had revenue of $111.78 million for the quarter, compared to analysts' expectations of $110.93 million. During the same period last year, the firm earned $0.09 EPS. The firm's revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts forecast that Sprout Social, Inc. will post -0.99 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SPT shares. The Goldman Sachs Group reduced their target price on shares of Sprout Social from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Needham & Company LLC restated a "buy" rating and set a $32.00 target price on shares of Sprout Social in a report on Wednesday, May 28th. Canaccord Genuity Group reduced their target price on shares of Sprout Social from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Zacks Research downgraded shares of Sprout Social from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Oppenheimer dropped their price target on shares of Sprout Social from $32.00 to $23.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $27.36.

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.