S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
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S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
pixel
pixel
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S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
pixel
pixel
pixel
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
pixel
pixel
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Insider Selling: Sprout Social, Inc. (NASDAQ:SPT) CTO Sells 32,000 Shares of Stock

Last updated on Thursday, October 21, 2021 | 2021 MarketBeat

Sprout Social, Inc. (NASDAQ:SPT) CTO Aaron Edward Frederick Rankin sold 32,000 shares of the firm's stock in a transaction on Wednesday, October 20th. The stock was sold at an average price of $126.89, for a total value of $4,060,480.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Aaron Edward Frederick Rankin also recently made the following trade(s):

  • On Monday, September 20th, Aaron Edward Frederick Rankin sold 52,000 shares of Sprout Social stock. The stock was sold at an average price of $129.14, for a total value of $6,715,280.00.
  • On Friday, August 20th, Aaron Edward Frederick Rankin sold 32,000 shares of Sprout Social stock. The shares were sold at an average price of $103.68, for a total value of $3,317,760.00.

Shares of Sprout Social stock traded up $0.55 during trading hours on Thursday, reaching $125.55. The company's stock had a trading volume of 432,951 shares, compared to its average volume of 517,206. The firm has a 50 day moving average price of $120.95 and a 200-day moving average price of $91.82. Sprout Social, Inc. has a one year low of $41.23 and a one year high of $145.42. The stock has a market cap of $6.76 billion, a P/E ratio of -271.74 and a beta of 1.07.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Tuesday, August 3rd. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.06. The firm had revenue of $44.69 million for the quarter, compared to analysts' expectations of $43.08 million. Research analysts anticipate that Sprout Social, Inc. will post -0.55 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on the company. KeyCorp boosted their target price on Sprout Social from $112.00 to $153.00 and gave the stock an "overweight" rating in a research note on Monday, September 20th. William Blair reissued a "buy" rating on shares of Sprout Social in a report on Thursday, September 23rd. Piper Sandler boosted their target price on shares of Sprout Social from $104.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, September 23rd. Zacks Investment Research cut shares of Sprout Social from a "buy" rating to a "hold" rating in a report on Wednesday, June 30th. Finally, Canaccord Genuity upped their price target on shares of Sprout Social from $100.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, September 23rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Sprout Social currently has an average rating of "Buy" and an average price target of $133.50.

Several hedge funds have recently added to or reduced their stakes in the stock. Atticus Wealth Management LLC purchased a new stake in Sprout Social in the 3rd quarter valued at about $37,000. Rockefeller Capital Management L.P. boosted its position in Sprout Social by 224.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 318 shares of the company's stock valued at $28,000 after buying an additional 220 shares during the period. First Horizon Advisors Inc. purchased a new stake in Sprout Social in the 2nd quarter valued at about $30,000. Harbor Investment Advisory LLC boosted its position in Sprout Social by 71.5% in the 3rd quarter. Harbor Investment Advisory LLC now owns 621 shares of the company's stock valued at $76,000 after buying an additional 259 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in Sprout Social in the 1st quarter valued at about $51,000. 76.19% of the stock is owned by hedge funds and other institutional investors.

About Sprout Social

Sprout Social, Inc designs, develops, and operates a web-based social media management tool in Americas, EMEA, and the Asia Pacific. The company offers cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. It provides various integrated tools in a range of functions comprising social engagement/response, publishing, reporting and analytics, social listening and business intelligence, reputation management, employee advocacy, and automation and workflows.

Read More: Find a Trading Strategy That Works

Insider Buying and Selling by Quarter for Sprout Social (NASDAQ:SPT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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