Knights of Columbus Asset Advisors LLC Purchases 46,033 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 162.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,357 shares of the company's stock after acquiring an additional 46,033 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.13% of Sprout Social worth $4,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of Sprout Social during the first quarter valued at approximately $32,000. State of Wyoming purchased a new stake in Sprout Social in the second quarter worth $29,000. Quarry LP purchased a new stake in Sprout Social in the first quarter worth $40,000. RiverPark Advisors LLC purchased a new stake in Sprout Social in the third quarter worth $37,000. Finally, Captrust Financial Advisors increased its position in Sprout Social by 941.1% in the second quarter. Captrust Financial Advisors now owns 760 shares of the company's stock worth $44,000 after buying an additional 687 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have issued reports on SPT. Jefferies Financial Group began coverage on Sprout Social in a research report on Wednesday, February 7th. They issued a "buy" rating and a $76.00 target price for the company. KeyCorp began coverage on Sprout Social in a research report on Thursday, March 21st. They issued an "overweight" rating and a $83.00 target price for the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $74.00 target price on shares of Sprout Social in a research report on Wednesday, February 21st. Stifel Nicolaus lifted their price target on Sprout Social from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, January 19th. Finally, Oppenheimer assumed coverage on Sprout Social in a research report on Thursday. They issued an "outperform" rating and a $76.00 price target for the company. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Sprout Social has a consensus rating of "Moderate Buy" and an average target price of $72.57.

Sprout Social Price Performance

NASDAQ:SPT traded down $1.76 during trading hours on Friday, hitting $50.98. 574,983 shares of the company's stock traded hands, compared to its average volume of 531,920. The firm has a market cap of $2.87 billion, a P/E ratio of -42.48 and a beta of 1.05. Sprout Social, Inc. has a 52 week low of $37.00 and a 52 week high of $68.41. The business's fifty day simple moving average is $59.04 and its two-hundred day simple moving average is $56.82. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.38.

Sprout Social (NASDAQ:SPT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The business had revenue of $93.58 million for the quarter, compared to the consensus estimate of $90.76 million. Sprout Social had a negative net margin of 19.91% and a negative return on equity of 41.25%. On average, research analysts anticipate that Sprout Social, Inc. will post -1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 44,000 shares of Sprout Social stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $59.60, for a total transaction of $2,622,400.00. Following the completion of the sale, the director now owns 40,888 shares of the company's stock, valued at $2,436,924.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 44,000 shares of Sprout Social stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $59.60, for a total transaction of $2,622,400.00. Following the completion of the sale, the director now owns 40,888 shares of the company's stock, valued at $2,436,924.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Ryan Paul Barretto sold 5,600 shares of Sprout Social stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $59.63, for a total value of $333,928.00. Following the sale, the president now directly owns 209,375 shares of the company's stock, valued at approximately $12,485,031.25. The disclosure for this sale can be found here. Insiders sold a total of 140,200 shares of company stock valued at $8,171,958 over the last 90 days. Insiders own 11.93% 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.