Versor Investments LP Takes Position in Sprout Social, Inc. $SPT

Key Points

• Versor Investments LP made a new investment in Sprout Social, Inc., purchasing 22,416 shares valued at approximately $493,000 during Q1.
• A variety of institutional investors recently increased their stakes in Sprout Social, with Brighton Jones LLC and Wells Fargo notably boosting their positions significantly.
• Analysts have mixed ratings on Sprout Social, with target prices ranging from $21.00 to $32.00, resulting in an average target of $27.42 and an overall "Hold" rating.

Versor Investments LP acquired a new position in Sprout Social, Inc. (NASDAQ:SPT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,416 shares of the company's stock, valued at approximately $493,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SPT. Brighton Jones LLC grew its stake in shares of Sprout Social by 391.7% in the 4th quarter. Brighton Jones LLC now owns 35,985 shares of the company's stock worth $1,105,000 after buying an additional 28,667 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Sprout Social by 46.7% in the 4th quarter. Wells Fargo & Company MN now owns 27,028 shares of the company's stock worth $830,000 after buying an additional 8,599 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Sprout Social by 1.8% in the 4th quarter. Invesco Ltd. now owns 22,861 shares of the company's stock worth $702,000 after acquiring an additional 397 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Sprout Social in the 4th quarter worth about $1,184,000. Finally, Barclays PLC lifted its holdings in shares of Sprout Social by 8.9% in the 4th quarter. Barclays PLC now owns 98,284 shares of the company's stock worth $3,018,000 after acquiring an additional 8,050 shares during the last quarter.

Sprout Social Stock Performance

NASDAQ SPT traded up $0.31 on Friday, hitting $15.19. 688,178 shares of the company's stock traded hands, compared to its average volume of 962,238. 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, Inc. has a 1-year low of $13.33 and a 1-year high of $36.30. The firm's 50-day moving average price is $18.21 and its two-hundred day moving average price is $21.74. The firm has a market capitalization of $893.32 million, a PE ratio of -15.99 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

SPT has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price objective on shares of Sprout Social from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Cantor Fitzgerald restated a "neutral" rating and issued a $24.00 price target on shares of Sprout Social in a report on Tuesday, June 3rd. Zacks Research lowered shares of Sprout Social from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $32.00 price objective on shares of Sprout Social in a research report on Wednesday, May 28th. Finally, Canaccord Genuity Group cut their price objective on shares of 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 investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.36.

Insiders Place Their Bets

In related news, Director Karen Walker sold 5,000 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $19.05, for a total transaction of $95,250.00. Following the completion of the sale, the director directly owned 28,963 shares in the company, valued at approximately $551,745.15. This trade represents a 14.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Paul Barretto sold 16,800 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $21.16, for a total transaction of $355,488.00. Following the sale, the chief executive officer owned 119,775 shares of the company's stock, valued at approximately $2,534,439. The trade was a 12.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,375 shares of company stock worth $2,389,535. 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.