Two Sigma Advisers LP Grows Stock Holdings in Sprout Social, Inc. (NASDAQ:SPT)

Two Sigma Advisers LP grew its stake in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 96.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,600 shares of the company's stock after acquiring an additional 54,300 shares during the period. Two Sigma Advisers LP owned 0.19% of Sprout Social worth $3,397,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ArrowMark Colorado Holdings LLC increased its holdings in shares of Sprout Social by 380.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,772,219 shares of the company's stock worth $54,425,000 after purchasing an additional 1,403,549 shares during the period. Norges Bank bought a new position in shares of Sprout Social in the fourth quarter worth $13,422,000. Dorsey Asset Management LLC increased its holdings in shares of Sprout Social by 16.7% in the fourth quarter. Dorsey Asset Management LLC now owns 2,306,149 shares of the company's stock worth $70,822,000 after purchasing an additional 330,155 shares during the period. Cadian Capital Management LP increased its holdings in shares of Sprout Social by 6.1% in the fourth quarter. Cadian Capital Management LP now owns 4,548,323 shares of the company's stock worth $139,679,000 after purchasing an additional 263,267 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of Sprout Social by 110.7% in the fourth quarter. Nuveen Asset Management LLC now owns 454,162 shares of the company's stock worth $13,947,000 after purchasing an additional 238,650 shares during the period.

Sprout Social Trading Up 1.4%

Shares of NASDAQ:SPT traded up $0.31 on Friday, reaching $21.88. 949,905 shares of the company traded hands, compared to its average volume of 631,016. The business's 50-day simple moving average is $21.37 and its 200 day simple moving average is $27.32. Sprout Social, Inc. has a 52 week low of $18.52 and a 52 week high of $39.75. The stock has a market capitalization of $1.27 billion, a P/E ratio of -18.23 and a beta of 1.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.

Sprout Social (NASDAQ:SPT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $109.29 million for the quarter, compared to analysts' expectations of $107.63 million. During the same period last year, the firm earned $0.10 earnings per share. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, equities analysts anticipate that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Insider Transactions at Sprout Social

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $20.81, for a total value of $832,400.00. Following the completion of the sale, the insider now directly owns 7,417 shares in the company, valued at $154,347.77. This trade represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Aaron Edward Frederick Rankin sold 23,646 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $24.58, for a total transaction of $581,218.68. Following the completion of the sale, the director now owns 42,122 shares of the company's stock, valued at $1,035,358.76. This trade represents a 35.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,446 shares of company stock worth $2,644,639. Company insiders own 10.12% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SPT shares. Barclays decreased their price target on shares of Sprout Social from $34.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Stifel Nicolaus decreased their price target on shares of Sprout Social from $45.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Morgan Stanley reduced their target price on Sprout Social from $30.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group reduced their target price 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. Finally, Jefferies Financial Group increased their target price on Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $31.69.

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.