Sprout Social, Inc. (NASDAQ:SPT) President Sells $318,920.00 in Stock

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) President Ryan Paul Barretto sold 5,600 shares of the firm's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $56.95, for a total transaction of $318,920.00. Following the transaction, the president now owns 198,175 shares of the company's stock, valued at approximately $11,286,066.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ryan Paul Barretto also recently made the following trade(s):

• On Monday, February 5th, Ryan Paul Barretto sold 5,600 shares of Sprout Social stock. The stock was sold at an average price of $59.63, for a total transaction of $333,928.00.

Sprout Social Trading Up 2.3 %

SPT stock traded up $1.30 during trading on Monday, hitting $57.20. The company had a trading volume of 464,541 shares, compared to its average volume of 576,339. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $60.40 and a 200-day moving average price of $56.51. Sprout Social, Inc. has a 12 month low of $37.00 and a 12 month high of $68.41. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of -47.67 and a beta of 1.05.

Sprout Social (NASDAQ:SPT - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.02). Sprout Social had a negative return on equity of 41.25% and a negative net margin of 19.91%. The business had revenue of $93.58 million for the quarter, compared to analyst estimates of $90.76 million. As a group, analysts predict that Sprout Social, Inc. will post -1.17 earnings per share for the current year.

Institutional Trading of Sprout Social

A number of institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in shares of Sprout Social in the 1st quarter valued at $32,000. State of Wyoming acquired a new position in shares of Sprout Social in the 2nd quarter valued at $29,000. Quarry LP acquired a new position in shares of Sprout Social in the 1st quarter valued at $40,000. RiverPark Advisors LLC acquired a new position in shares of Sprout Social in the 3rd quarter valued at $37,000. Finally, Captrust Financial Advisors grew its holdings in shares of Sprout Social by 941.1% in the 2nd quarter. Captrust Financial Advisors now owns 760 shares of the company's stock valued at $44,000 after buying an additional 687 shares during the period.

Analysts Set New Price Targets

SPT has been the subject of a number of research analyst reports. Canaccord Genuity Group reiterated a "buy" rating and issued a $70.00 target price on shares of Sprout Social in a research note on Wednesday, February 21st. The Goldman Sachs Group lifted their target price on shares of Sprout Social from $65.00 to $81.00 and gave the company a "buy" rating in a research note on Tuesday, January 23rd. KeyCorp initiated coverage on shares of Sprout Social in a research note on Thursday, March 21st. They issued an "overweight" rating and a $83.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and issued a $75.00 target price on shares of Sprout Social in a research note on Wednesday, February 21st. Finally, Jefferies Financial Group initiated coverage on shares of Sprout Social in a research note on Wednesday, February 7th. They issued a "buy" rating and a $76.00 target price for the company. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Sprout Social has an average rating of "Moderate Buy" and a consensus target price of $71.54.

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.