Schonfeld Strategic Advisors LLC Sells 20,875 Shares of Sprout Social, Inc. (NASDAQ:SPT)

Schonfeld Strategic Advisors LLC cut its stake in Sprout Social, Inc. (NASDAQ:SPT - Free Report) by 60.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,510 shares of the company's stock after selling 20,875 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Sprout Social were worth $415,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stifel Financial Corp boosted its stake in shares of Sprout Social by 0.4% in the 4th quarter. Stifel Financial Corp now owns 83,141 shares of the company's stock valued at $2,553,000 after purchasing an additional 351 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Sprout Social by 1.8% in the 4th quarter. Invesco Ltd. now owns 22,861 shares of the company's stock valued at $702,000 after purchasing an additional 397 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Sprout Social by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 20,256 shares of the company's stock valued at $576,000 after purchasing an additional 1,034 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Sprout Social by 3.0% in the 4th quarter. Sei Investments Co. now owns 35,893 shares of the company's stock valued at $1,102,000 after purchasing an additional 1,038 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Sprout Social by 77.1% in the 4th quarter. KBC Group NV now owns 2,525 shares of the company's stock valued at $78,000 after purchasing an additional 1,099 shares in the last quarter.

Sprout Social Stock Down 0.4%

Shares of NASDAQ SPT traded down $0.11 during trading on Tuesday, hitting $24.38. The stock had a trading volume of 984,215 shares, compared to its average volume of 658,179. Sprout Social, Inc. has a 12 month low of $18.52 and a 12 month high of $39.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $1.41 billion, a PE ratio of -20.32 and a beta of 1.20. The firm has a fifty day moving average of $21.93 and a two-hundred day moving average of $27.83.

Sprout Social (NASDAQ:SPT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.07. The company had revenue of $109.29 million for the quarter, compared to the consensus estimate of $107.63 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The firm's quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. As a group, equities research analysts forecast that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPT. Oppenheimer reduced their price target on shares of Sprout Social from $38.00 to $32.00 and set an "outperform" rating on the stock in a research note on Friday. Morgan Stanley reduced their price target on shares of Sprout Social from $30.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Canaccord Genuity Group reduced their price target on shares of Sprout Social from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Barclays reduced their price target on shares of Sprout Social from $34.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Piper Sandler cut their target price on shares of Sprout Social from $29.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $31.69.

Insider Buying and Selling at Sprout Social

In related news, Director Karen Walker sold 5,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $19.42, for a total value of $97,100.00. Following the transaction, the director now directly owns 25,665 shares in the company, valued at approximately $498,414.30. This represents a 16.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justyn Russell Howard sold 40,000 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $19.99, for a total transaction of $799,600.00. Following the completion of the transaction, the insider now owns 7,417 shares in the company, valued at approximately $148,265.83. This trade represents a 84.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,446 shares of company stock valued at $2,644,639 over the last three months. 10.12% of the stock is currently owned by insiders.

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.