Sprout Social, Inc. (NASDAQ:SPT) Director Sells $97,100.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) Director Karen Walker sold 5,000 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $19.42, for a total transaction of $97,100.00. Following the sale, the director now owns 25,665 shares in the company, valued at approximately $498,414.30. This trade represents a 16.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Sprout Social Stock Performance

Shares of NASDAQ:SPT traded up $0.28 during trading on Friday, hitting $19.64. The company's stock had a trading volume of 464,847 shares, compared to its average volume of 751,864. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -16.37 and a beta of 1.11. The company has a 50-day moving average of $24.42 and a 200-day moving average of $28.64. Sprout Social, Inc. has a 12 month low of $18.72 and a 12 month high of $53.96.

Sprout Social (NASDAQ:SPT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.35). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The business had revenue of $107.09 million for the quarter, compared to the consensus estimate of $106.74 million. On average, sell-side analysts expect that Sprout Social, Inc. will post -0.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPT. Needham & Company LLC dropped their price target on Sprout Social from $55.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Jefferies Financial Group raised their price target on Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Canaccord Genuity Group reduced their price objective on shares of Sprout Social from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group lowered their price objective on Sprout Social from $29.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Scotiabank decreased their price target on Sprout Social from $28.00 to $25.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $32.77.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. ArrowMark Colorado Holdings LLC raised its stake in Sprout Social by 380.7% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,772,219 shares of the company's stock worth $54,425,000 after acquiring an additional 1,403,549 shares during the period. Norges Bank purchased a new position in shares of Sprout Social during the 4th quarter valued at $13,422,000. Dorsey Asset Management LLC lifted its stake 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 buying an additional 330,155 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Sprout Social by 324.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,947 shares of the company's stock worth $11,714,000 after buying an additional 307,906 shares during the period. Finally, Cadian Capital Management LP increased its stake in Sprout Social by 6.1% in the 4th quarter. Cadian Capital Management LP now owns 4,548,323 shares of the company's stock worth $139,679,000 after buying an additional 263,267 shares in the last quarter.

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.