Landscape Capital Management L.L.C. Raises Holdings in Sprout Social, Inc. $SPT

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

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sprout Social by 11.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,976 shares of the company's stock worth $373,000 after buying an additional 1,703 shares during the last quarter. Brighton Jones LLC boosted its position in Sprout Social by 391.7% during the fourth 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. Raymond James Financial Inc. purchased a new position in Sprout Social during the fourth quarter worth approximately $1,184,000. Rhumbline Advisers boosted its position in Sprout Social by 9.6% during the first quarter. Rhumbline Advisers now owns 76,976 shares of the company's stock worth $1,693,000 after purchasing an additional 6,774 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Sprout Social during the first quarter worth approximately $363,000.

Insider Buying and Selling at Sprout Social

In related news, insider Justyn Russell Howard sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $21.12, for a total value of $844,800.00. Following the completion of the sale, the insider owned 7,417 shares of the company's stock, valued at approximately $156,647.04. This trade represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen Walker sold 5,000 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $19.05, for a total value of $95,250.00. Following the completion of the sale, the director directly owned 28,963 shares of the company's stock, valued at approximately $551,745.15. This represents a 14.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 112,375 shares of company stock valued at $2,389,535 over the last quarter. 10.12% of the stock is currently owned by insiders.

Sprout Social Price Performance

Shares of Sprout Social stock opened at $15.79 on Friday. The business has a 50 day simple moving average of $17.73 and a two-hundred day simple moving average of $21.23. Sprout Social, Inc. has a 12 month low of $13.33 and a 12 month high of $36.30. The stock has a market capitalization of $928.61 million, a P/E ratio of -16.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.00 and a quick ratio of 1.00.

Sprout Social (NASDAQ:SPT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $111.78 million during the quarter, compared to analysts' expectations of $110.93 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business's revenue was up 12.5% compared to the same quarter last year. As a group, analysts predict that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

SPT has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $32.00 price target on shares of Sprout Social in a research report on Wednesday, May 28th. Cantor Fitzgerald reiterated a "neutral" rating and set a $24.00 price target on shares of Sprout Social in a research report on Tuesday, June 3rd. Oppenheimer lowered their price target on Sprout Social from $32.00 to $23.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Zacks Research downgraded Sprout Social from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Canaccord Genuity Group lowered their price target on Sprout Social from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.36.

Sprout Social Company 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.

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