Sprout Social, Inc. (NASDAQ:SPT) CEO Ryan Paul Barretto Sells 16,800 Shares

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) CEO Ryan Paul Barretto sold 16,800 shares of Sprout Social stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $21.16, for a total value of $355,488.00. Following the transaction, the chief executive officer owned 119,775 shares of the company's stock, valued at $2,534,439. This trade represents a 12.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sprout Social Stock Down 2.6%

Shares of SPT traded down $0.52 during mid-day trading on Friday, hitting $19.23. The company's stock had a trading volume of 101,518 shares, compared to its average volume of 607,610. The company's 50-day moving average is $21.49 and its 200-day moving average is $25.12. Sprout Social, Inc. has a 52-week low of $18.52 and a 52-week high of $39.75. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -18.48 and a beta of 1.01. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

Sprout Social (NASDAQ:SPT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. Sprout Social had a negative net margin of 14.25% and a negative return on equity of 31.03%. The firm had revenue of $109.29 million during the quarter, compared to analyst estimates of $107.63 million. During the same quarter in the previous year, the business posted $0.10 EPS. Sprout Social's revenue was up 12.9% on a year-over-year basis. On average, equities research analysts forecast that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SPT shares. Oppenheimer lowered their target price on shares of Sprout Social from $38.00 to $32.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group decreased their price target on shares of Sprout Social from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $24.00 price target on shares of Sprout Social in a report on Tuesday, June 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $32.00 price target on shares of Sprout Social in a report on Wednesday, May 28th. Finally, Barclays decreased their price target on shares of Sprout Social from $34.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $30.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Sprout Social by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 5,900,938 shares of the company's stock valued at $129,762,000 after acquiring an additional 14,771 shares during the last quarter. Cadian Capital Management LP lifted its holdings in Sprout Social by 6.1% during the fourth quarter. Cadian Capital Management LP now owns 4,548,323 shares of the company's stock valued at $139,679,000 after purchasing an additional 263,267 shares in the last quarter. Dorsey Asset Management LLC lifted its holdings in Sprout Social by 16.7% during the fourth quarter. Dorsey Asset Management LLC now owns 2,306,149 shares of the company's stock valued at $70,822,000 after purchasing an additional 330,155 shares in the last quarter. Jennison Associates LLC raised its position in shares of Sprout Social by 1.3% in the first quarter. Jennison Associates LLC now owns 2,200,443 shares of the company's stock valued at $48,388,000 after buying an additional 28,876 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its position in shares of Sprout Social by 380.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,772,219 shares of the company's stock valued at $54,425,000 after buying an additional 1,403,549 shares during the last quarter.

About Sprout Social

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.