Sprout Social, Inc. (NASDAQ:SPT) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,390 shares of the company's stock after selling 27,516 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.53% of Sprout Social worth $9,317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE raised its holdings in shares of Sprout Social by 2,392.6% in the fourth quarter. US Bancorp DE now owns 1,695 shares of the company's stock worth $52,000 after acquiring an additional 1,627 shares during the last quarter. KBC Group NV increased its position in Sprout Social by 77.1% during the 4th quarter. KBC Group NV now owns 2,525 shares of the company's stock worth $78,000 after purchasing an additional 1,099 shares in the last quarter. Woodline Partners LP acquired a new position in Sprout Social in the 4th quarter valued at about $233,000. PNC Financial Services Group Inc. lifted its holdings in 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, Graham Capital Management L.P. acquired a new stake in shares of Sprout Social during the 4th quarter worth about $304,000.

Analysts Set New Price Targets

SPT has been the topic of several recent analyst reports. Scotiabank reduced their price objective on shares of Sprout Social from $28.00 to $25.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Piper Sandler reduced their price target on Sprout Social from $29.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $24.00 price objective on shares of Sprout Social in a research report on Tuesday. Oppenheimer dropped their target price on Sprout Social from $38.00 to $32.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, Canaccord Genuity Group decreased their price target on Sprout Social from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $30.00.

Sprout Social Trading Up 0.2%

Shares of NASDAQ:SPT traded up $0.05 during trading on Tuesday, reaching $21.75. 337,414 shares of the stock were exchanged, compared to its average volume of 629,547. Sprout Social, Inc. has a 12-month low of $18.52 and a 12-month high of $39.75. The firm's 50-day moving average price is $21.31 and its 200 day moving average price is $27.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -18.12 and a beta of 1.20.

Sprout Social (NASDAQ:SPT - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.07. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The business had revenue of $109.29 million for the quarter, compared to the consensus estimate of $107.63 million. During the same quarter last 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. On average, sell-side analysts anticipate that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Insider Transactions at Sprout Social

In other Sprout Social news, 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 transaction, the director now directly owns 25,665 shares of the company's stock, valued at $498,414.30. This represents a 16.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Aaron Edward Frederick Rankin sold 23,646 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $24.58, for a total transaction of $581,218.68. Following the sale, the director now directly owns 42,122 shares of the company's stock, valued at $1,035,358.76. The trade was a 35.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,446 shares of company stock valued at $2,644,639 over the last quarter. Company insiders own 10.12% of the company's stock.

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.