Karen Walker Sells 5,000 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) Director Karen Walker sold 5,000 shares of Sprout Social stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $19.05, for a total value of $95,250.00. Following the sale, the director directly owned 28,963 shares in the company, valued at $551,745.15. This trade represents a 14.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Sprout Social Stock Down 0.3%

Shares of NASDAQ SPT traded down $0.06 during mid-day trading on Friday, reaching $18.88. 204,206 shares of the company were exchanged, compared to its average volume of 608,556. The firm has a 50-day moving average of $21.27 and a 200 day moving average of $24.67. Sprout Social, Inc. has a 1 year low of $18.32 and a 1 year high of $39.75. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -18.17 and a beta of 1.01. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.11.

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

Institutional Trading of Sprout Social

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc boosted its position 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 purchasing an additional 1,359 shares in the last quarter. Quarry LP lifted its position in shares of Sprout Social by 85.2% in the first quarter. Quarry LP now owns 1,463 shares of the company's stock valued at $32,000 after acquiring an additional 673 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Sprout Social in the first quarter valued at approximately $47,000. US Bancorp DE increased its holdings in shares of Sprout Social by 2,392.6% in the fourth quarter. US Bancorp DE now owns 1,695 shares of the company's stock valued at $52,000 after purchasing an additional 1,627 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Sprout Social by 205.1% in the first quarter. AlphaQuest LLC now owns 4,479 shares of the company's stock valued at $98,000 after purchasing an additional 3,011 shares during the last quarter.

Wall Street Analyst Weigh In

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

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.