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 stock was sold at an average price of $21.16, for a total transaction of $355,488.00. Following the transaction, the chief executive officer owned 119,775 shares of the company's stock, valued at approximately $2,534,439. The trade was a 12.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sprout Social Trading Down 4.6%

Sprout Social stock traded down $0.90 during trading on Friday, reaching $18.85. The company had a trading volume of 413,345 shares, compared to its average volume of 608,257. Sprout Social, Inc. has a 12-month low of $18.52 and a 12-month high of $39.75. The stock's 50 day moving average price is $21.44 and its two-hundred day moving average price is $24.97. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -18.13 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

Sprout Social (NASDAQ:SPT - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $107.63 million. During the same period in the previous year, the firm earned $0.10 earnings per share. Sprout Social's revenue was up 12.9% compared to the same quarter last year. As a group, equities analysts expect that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sprout Social

A number of institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc grew its stake in Sprout Social by 1,319.4% during the first quarter. Versant Capital Management Inc now owns 1,462 shares of the company's stock worth $32,000 after buying an additional 1,359 shares during the period. Quarry LP grew its stake in Sprout Social by 85.2% during the first quarter. Quarry LP now owns 1,463 shares of the company's stock worth $32,000 after buying an additional 673 shares during the period. US Bancorp DE grew its stake in Sprout Social by 2,392.6% during the fourth quarter. US Bancorp DE now owns 1,695 shares of the company's stock worth $52,000 after buying an additional 1,627 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Sprout Social during the first quarter worth approximately $47,000. Finally, AlphaQuest LLC grew its stake in Sprout Social by 205.1% during the first quarter. AlphaQuest LLC now owns 4,479 shares of the company's stock worth $98,000 after buying an additional 3,011 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SPT shares. The Goldman Sachs Group cut their price objective on shares of Sprout Social from $29.00 to $23.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Needham & Company LLC reissued a "buy" rating and issued a $32.00 price objective on shares of Sprout Social in a research report on Wednesday, May 28th. Morgan Stanley cut their price objective on shares of Sprout Social from $30.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Oppenheimer cut their price objective on shares of Sprout Social from $38.00 to $32.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $24.00 price objective on shares of Sprout Social in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.00.

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.